Why is VAT Registration Important for Your Business?

Many companies in Dubai register for VAT to comply with tax regulations. It helps businesses avoid substantial fines and enhances their credibility in the market. VAT registration gives businesses a competitive edge by showcasing financial responsibility.

How to Register for VAT in Dubai

Businesses can register for VAT by submitting an online application. However, to avoid complications, it is highly recommended to seek assistance from a reputable business advisory firm.

Seek Professional VAT Registration Services

At Unicorn Global Solutions, we specialize in VAT registration in the UAE. If you have any queries, feel free to contact us on WhatsApp or call us today. Once registered, you will receive a VAT certificate, confirming compliance.

VAT Registration Process in Dubai

Compulsory VAT Registration

Your business must register for VAT if:

• Your total taxable supplies and imports have exceeded the threshold in the last 12 months.
• You anticipate crossing the VAT threshold within the next 30 days.

Voluntary VAT Registration

You can opt for voluntary VAT registration if:

• Your total taxable supplies, imports, or expenses exceed AED 187,500 in the last 12 months.

Who is Not Eligible for VAT Registration?

Businesses and individuals whose taxable supplies and imports are below AED 187,500 over the past 12 months, or are not expected to exceed this amount in the next 30 days, are not required to register.

VAT Registration Documents Required

To complete the VAT registration process in Dubai, you will need the following:

• Copy of trade license
• Copy of the authorized person’s passport or Emirates ID
• Certificate of Articles of Association
• Description of business activities
• Sales reports for the past 12 months
• Expected sales for the next 30 days
• Export forecast to GCC countries
• Customs registration documents (if applicable)
• Certificate of Incorporation
• Power of Attorney certificate
• Bank account details
• Declaration of business transactions with GCC suppliers/customers

Penalty for Late VAT Registration

If a business fails to register for VAT before the deadline set by the Federal Tax Authority, a fine of AED 20,000 will be imposed. Avoid unnecessary fines by ensuring timely registration.

Conclusion

VAT registration is a legal requirement for businesses operating in Dubai. Seeking professional assistance makes the process smooth, saving time and minimizing potential risks. Contact Unicorn Global Solutions today for expert VAT registration services!