no. it's no go in our case. at least not whole investment in one country. I still want to try finding answer to my question - if there is way to get TRC only owning apartment - but not visiting.
https://tax.gov.ae/en/services/issuance.of.tax.residency.certificate.aspx
I am not talking about legal person. I am talking about individual person. Please read what I wrote before. That online interface and wording of legislation are different - seems like TRC can be received "manually" based only on fact of apartment ownership.
Sorry If I understood or mention something wrong....my English is not that Good...Sorry again....
yes that's what I was saying. If I will want to buy anything over a certain sum in a OECD country, I will have to repsect the UAE rules and get the TRC in the previous 2 years. There is no other way around it.
even if this was possible, which I don't think it is, your TRC would be worthless in this case as you had actually spent zero days in the country. And to clarify, if you trigger residency in some country, the TRC is worthless too. The TRC is necessary but not sufficient to prove your foreign tax residency status, lots of other things come into play.
Let's put is this way - someone just may need TRC and I am wondering if there are lawyer or someone who can legally get it while person was not in UAE, but has his own real estate in UAE and Golden visa.
I totally understood what you are asking but it's not possible, it doesn't work that way. when you submit a request for the TRC you must submit also data from immigration that demonstrates that you have been in the country. If they issued TRC without you being in the country, TRCs would be worthless. Before the reform earlier this year the minimum stay was 183 days and it has been lowered to 90 if you have a property, but you must stay 90 days. There might be excpetions, like if you work for a UAE company which forces you to stay abroad for 300 days a year, maybe the UAE would issue a TRC, which would be worthless if you spent 300 days in France and France was asking you a TRC
yeah they get data from immigration or ask you to provide it, and immigration knows when you have entered/exited the country as everything is tracked
I am still not getting it. The wording says ANY. One of the items is having place of residence. it does not say amount of days. According to that list, IMHO, TRC is possible without presence. Getting online it is NOT possible because website requires entry/exit certificate indeed. But manually I think it may be possible.
At website I see that yes. Manually (of lawyer submits according to first item from list ANY conditions to be eligible) - I don't know and that is what I want to find out.
I gues you are refrring to this:
I assume minister wants investors to do business there. So, I guess it may work if some lawyer knows minister or in just may work if one applies for TRC with entry/exit certificate showing zero days.
You will find plenty of lawyers in Dubai which will claim this and steal you some money, you just have to go out and ask....and Dubai wants you to do business, that's why with 2 days a year in the emirate you can avoid CRS. But you will not get a TRC for free, they also want you to spend money in Dubai
The problem is you're asking a question to which the answer is changing as we discuss. A year or two ago, it would've been easy and accurate to dismiss requests for TRCs as something very unusual. But now that UAE is on international watch lists and black lists (for tax evasion and money laundering), KYC requirements are tightening.
Do you know where exactly is any official info on that potential pressure from regulators? Like what/how they will request that? I have found something vague and weak only here -
Second question about Bahrain and COR. Do you actually think COR and it's 183 days defines tax residency in Bahrain? Don't you think that it is actually NOT DEFINED in Bahrain at current point. So, someone who spends, for instance, 100 days a year there, can declare that he is tax resident of Bahrain (because he holds gold visa and did not spend more than 100 days in any other country), but he can not provide COR to prove that because the country does not give it.
You just kind of have to be active and aware in the industry, I suppose. There isn't a single web page where it's all listed. It's a combination of things from changes in legislations, directives (EU), and a plethora of recommendations, warnings, guidance notes from regulators (central banks, FSAs) and international organizations like FATF and OECD.
Tax residence for individuals isn't defined in Bahrain law. But in order to get a COR, you have to demonstrate 183 days of presence in the country.
But isn't it bank's task to prove in court I am not genuine resident in Bahrain (in case they decided to put limits)? While for CRS I have provided Bahraini residence visa / ID card / Utility bills, don't you think a that point I shall have effective position to oppose bank in court and unfreeze and, later, close the account?
Did UAE provided info asked in those letters?