VAT Registration Services

VAT Registration Services in Dubai

Whether you own a small, medium, or established large business, you need to get registered for VAT in UAE under the Emirati VAT law. Registering your business under the UAE VAT law denotes that your business is recognized by the Government.

Importance of VAT Registration

Experts note that the implementation of VAT in the UAE will provide long-term advantages for both the nation’s economy and business owners. Key reasons why VAT registration in Dubai is deemed essential include:

1 It strengthens the business.

2 It prevents avoidable penalties.

3 It enables VAT refund claims.

4 It widens the market possibilities

Documents Required for VAT Registration in Dubai

Passport copy or Emirates ID to prove the identity of the authorized party
Trade license copy of the company
Certificate of Incorporation of the company
Certificate of Articles of Association of the company
Certificate of Power of Attorney of the company
Description of business activities
Turnover for the last 12 months in AED
Supporting document for 12-month sales
Expected turnover in the next 30 days
Estimated value of imports for one year from all GCC countries
Estimated value of exports for one year to all GCC countries
Your consent whether you deal with GCC suppliers or customers
Supporting documents for customs registration in the Emirates if applicable.
Details of Bank Account

Steps for VAT Registration

Mandatory Registration

It is mandatory that a business must register for VAT
If the total value of its taxable supplies and imports exceeds the required registration threshold over the previous 12 months
If the business expects that the total value of its taxable supplies and imports will exceed the obligatory registration threshold in the next 30 days.
The threshold for mandatory registration of a business is AED 375,000. But this threshold is not applicable to foreign organizations.

Voluntary Registration

A company may opt for Voluntary Registration
If it does not meet the mandatory registration criteria,
If the total value of its taxable supplies and imports or taxable expenses in the preceding 12 months surpasses the voluntary registration threshold,
If the business foresees that the total value of its taxable supplies and imports or taxable expenses will exceed the voluntary registration threshold in the next 30 days.
The threshold for voluntary registration of a company is AED 187,500.

Government Department

We work closely with all government agencies

VAT Registration Services in the UAE: Your Path to Compliance and Growth

In the United Arab Emirates (UAE), Value Added Tax (VAT) is a crucial component of the tax system, set at a standard rate of 5%. Whether you’re a startup, SME, or large enterprise, VAT registration is not just a legal requirement but also a strategic move to enhance your business credibility and operational efficiency.

At Broeck Consultancy, we specialize in providing expert VAT registration services tailored to your business needs. Our team ensures a seamless registration process, helping you navigate the complexities of VAT compliance with ease.

Who Must Register for VAT in the UAE?

Understanding the VAT registration thresholds is essential:

Mandatory Registration: If your business’s taxable supplies and imports exceed AED 375,000 over the past 12 months or are expected to exceed this threshold in the next 30 days, registration is mandatory.
Voluntary Registration: Businesses with taxable supplies and imports between AED 187,500 and AED 375,000 can opt for voluntary registration. This is also applicable to businesses incurring taxable expenses exceeding AED 187,500.

For detailed information, refer to the Federal Tax Authority’s guidelines on VAT Registration.

Benefits of VAT Registration

Registering for VAT offers several advantages:

Enhanced Business Credibility: VAT registration signals professionalism and trustworthiness to clients and partners.
Eligibility for VAT Refunds: Registered businesses can reclaim VAT paid on business-related purchases, improving cash flow.
Access to Government Tenders: Many government contracts require suppliers to be VAT-registered.
Expansion Opportunities: VAT registration facilitates smoother business operations across the GCC region.

Required Documents for VAT Registration

To ensure a smooth registration process, prepare the following documents:

Trade License: A valid copy of your company’s trade license.
Emirates ID/Passport Copies: Identification documents of the business owner(s) and authorized signatory.
Bank Account Details: Information about your business’s bank account.
Financial Records: Documentation of annual turnover and taxable supplies.
Business Activities Description: A detailed description of your business activities.

For a comprehensive list of required documents, visit the Federal Tax Authority’s VAT Registration page.

The VAT Registration Process

The VAT registration process involves several key steps:

Create an FTA Account: Register on the Federal Tax Authority’s EmaraTax portal.
Complete the Application: Fill out the VAT registration form with accurate business information.
Submit Required Documents: Upload all necessary documents as per the FTA guidelines.
Await Approval: The FTA typically processes applications within 20 business days.
Receive TRN: Upon approval, your business will be issued a Tax Registration Number (TRN).

Why Choose Broeck Consultancy?

At Broeck Consultancy, we offer:

Expert Guidance: Our team provides professional advice tailored to your business needs.
Efficient Processing: We handle the entire registration process, ensuring timely submission and compliance.
Ongoing Support: Beyond registration, we offer VAT filing, compliance checks, and advisory services.

For more information on our services, visit our VAT Registration Services page.

Conclusion

VAT registration is a pivotal step in ensuring your business’s compliance and growth in the UAE. With the right guidance and support, the process can be straightforward and beneficial. Contact Broeck Consultancy today to begin your VAT registration journey and unlock the full potential of your business.