{"id":5554,"date":"2021-10-09T19:10:42","date_gmt":"2021-10-09T19:10:42","guid":{"rendered":"https:\/\/itqanblog.digitalmsa.com\/itqanblog\/?p=5554"},"modified":"2024-04-25T12:32:29","modified_gmt":"2024-04-25T12:32:29","slug":"company-set-up-register-for-vat-with-itqan-now","status":"publish","type":"post","link":"https:\/\/itqans.com\/en\/company-set-up-register-for-vat-with-itqan-now\/","title":{"rendered":"Company Set up: Register for VAT with ITQAN Now!"},"content":{"rendered":"\n

UAE is known as one of the foremost business <\/a>hubs in the middle east. Its stellar reputation as an entrepreneur \u2013and- investor-friendly city is the reason why, even during hard times like the pandemic, thousands of startups were being formed even during hard times like pandemic. This is due to great efforts made by the UAE government to contain the crisis, with several extensive packages to support all businesses affected.<\/p>\n\n\n\n

If you are a new entrepreneur<\/a> in Dubai you need to know whether your business is eligible or required to apply for Vat in the UAE. Just read on to learn more about the VAT<\/p>\n\n\n\n

What is VAT? <\/strong><\/h2>\n\n\n\n

The value-added tax or VAT is a charge that must be paid by customers on the products and services they purchase, with benefits going to support and fund public services in the region.<\/p>\n\n\n\n

At a rate of 5 percent, it is a business\u2019s legal <\/a>responsibility to collect the tax for the government at the customers\u2019 point of sale.<\/p>\n\n\n\n

As a result, as a business owner<\/a> in the UAE, you must ensure that your company is VAT registered.<\/p>\n\n\n\n

Where to register? <\/strong><\/h2>\n\n\n\n

In order to register for the value-added tax as a business setup in Dubai and the UAE (FTA<\/a>). <\/strong><\/p>\n\n\n\n

You first need to create an e-services account for your business with the federal tax office. After you’ve created your e-service account, which includes a username and password, and now you can register your new business for VAT in Dubai. <\/p>\n\n\n\n

VAT registration procedure in UAE <\/strong><\/h2>\n\n\n\n

To register your business for VAT, you should fill out an online form to identify your business<\/a> and its activities and practices. You need to specify certain points like, who is operating your business and show whether it has incorporated the details of your business’s trade license, including required documents and contact details, among other VAT registration requirements and VAT registration documents.<\/p>\n\n\n\n

Documents Required <\/strong><\/h2>\n\n\n\n

One of the most crucial requirements <\/a>to meet when applying for a VAT number in Dubai is to have a tax identification number.  This is obtained in accordance with the Certificate of Incorporation from the Dubai Trade Register.<\/p>\n\n\n\n

A VAT certificate will be issued to a corporation based on its tax identification number.<\/p>\n\n\n\n

Several documents need to be prepared when registering for VAT in Dubai. Among these are:<\/p>\n\n\n\n