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Private bank requesting tax residence certificate

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I assume not all banks are︂ bad there. I saw few issues happened to accounts of people I knew.

thanks. what if︆ I tell bank I have sent COR request to authorities and waiting for response (and︇ accidentally it shall take forever)? (in meanwhile I am taking out money to another account︈ or crypto).
 
I personally have never heard of anything bad, nor it has happened to me, but banks⁤ are bad here, they try to get money from you from a lot of different⁣ angles.
 
They might accept it, or⁠ they might not. If you're asked for a TRC/COR, that's for a reason. Until you⁤ satisfy that requirement, it's not uncommon for limits to be imposed on the accounts.
 
The main problem Bahrain is even worse to live than Dubai. I have not been‌ there. But from what I see it far less popular than Dubai. So you don't‍ have that vibrant luxury life as in Dubai.
I would still choose Dubai over Bahrain⁠ even with blacklists
 
I think the discussion here was if⁤ having a Bahrein residency was less supicious than having a UAE residency, if you don't⁣ plan to have a TRC or COR, in case the bank asks. Right now in⁢ Dubai it's 90 days for a TRC, while in Bahrain is 183 days for a︀ COR, that's something else to take into account.
 
is it actually 90 days in UAE if one has own real estate⁢ there? They have this rule also for tax residency -
  • Their principal place of residence︀ and the center of their financial and personal interests are in the UAE.
 
This is a question for @Fred
I think the official wording is:

  • was physically⁤ present in the UAE for a period of 90 days or more in a consecutive⁣ 12-month period and the individual is a UAE national, holds a valid residence permit in⁢ the UAE or holds the nationality of any GCC Member State, where:
(i) he or︀ she has a permanent place of residence in the UAE; or

(ii) he or she︁ carries on an employment or a business in the UAE.

So it's not clear if︂ it's enough to have a company in the UAE, while for sure an EJARI (︃ rental certificate ) should be enough.
 
You have to have EJARI︀ for tax certificate for sure. This was confirmed by my lawyer in UAE
 
Having the pratice experience - we can't‍ confirm this.

But yes - it's mentioned as an official requirement from the FTA.
 
What if one has not EJARI, but +2m AED properties where he actually lived -‌ still all his belongings are inside, utility bills on his name, etc.? He is not‍ even renting it out - just not bothering. Do you think there is way to⁠ get TRC in such case?

As I understand, if you are requesting TRC from government⁤ website then wesbite is asking for entry/exit certificate with 90 days of stay.

Maybe there⁣ is way to get TRC not through website basing on property mentioned above?
 
I think you either have a property deed certificate/DEWA Bill or an︀ Ejari, it's the same
 
but my question is about 90 days. is it‍ possible to get TRC if one is not visiting at all?
 
no 90 days is the‍ minimum, although I think that the ministry could make some exception based on particular situations.⁠ But in general 90 days are required.
 
did anyone see such exceptions in real life cases previously? or does anyone‍ know lawyers who potentially help with such case?

Please check links. Wording has word ANY. I think person I am︄ talking about fits item. 1 -

https://tax.gov.ae/Datafolder/Files...inet Decision 85 of 2022 - For publishing.pdf

https://mof.gov.ae/wp-content/uploads/2023/03/Ministerial-Decision-27-of-2023-of-Tax-Residency.pdf
Here is wording:

A natural person shall be considered a Tax Resident in the State︅ where any of the following conditions are met: 1. If his usual or primary place︆ of residence and the centre of his financial and personal interests are in the State,︇ or he meets the conditions and criteria determined by a decision from the Minister. 2.︈ If he has been physically present in the State for a period of (183) one︉ hundred and eighty-three days or more, within the relevant (12) twelve consecutive months. 3. If︊ he has been physically present in the State for a period of (90) ninety days︋ or more, within the relevant (12) twelve consecutive months, and he is a UAE national,︌ holds a valid Residence Permit in the State or holds the nationality of any member︍ state of the Gulf Cooperation Council, and meets any of the Cabinet Decision No. 85︎ of 2022 - Unofficial Translation 3 following: a. He has a Permanent Place of Residence️ in the State. b. He carries on an employment or Business in the State.
 
I have never actually known anybody who has︉ needed a TRC. If I had to get one, to prove origin of my funds︊ when buying something, I would stay 90 days.
 
I do not think you shall need TRC to⁠ support money source. I think you may need it in case of review by compliance.⁤ And that 90 days stay won't help because "you already was not resident at period⁣ they are asking".
 
let's say I want to buy a house in a place which is⁠ not Dubai. Before buying it, I would get 2 TRC in Dubai and then buy⁤ the house, in case they ask where the money is coming from. The other case⁣ in which I would get a TRC is if I ever plan to go back⁢ to my home country, something I have no intention of doing.
 
TRC has term on it. You get it only for certain period. If there is no⁣ escape from 90 days rule the that won't work if you. Before getting TRC online⁢ you provide them entry/exit certificate which is generated automatically.
 
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