The Goods and Services Tax (GST) registration process in Dubai requires you to have an office address. However, not all businesses today require a physical base of operation. For those businesses, it is a waste of capital to rent or lease an office space just for the purpose of GST registration.
You do not require a physical office space as a startup, small online business, or freelancer. However, you will still be required to provide a business address for several legal reasons other than the GST registration. A virtual office in Dubai is the perfect answer for all of the entities that do not require physical office space for their day-to-day operation.
What is GST Registration?
The GST registration is the abbreviation for the Goods and Services Tax registration. It is required for a business that exceeds taxable turnover of AED 375,000 to complete the GST registration. Businesses with a turnover less than AED 375,000 but higher than AED 187,500 can also complete the GST registration, but it is not mandatory for them.
Businesses that have completed the GST registration need to maintain proper documents. These documents will enable the respective authorities to check the correctness of the Goods and Services Tax to be paid. Businesses need to timely file for VAT returns and make the tax payments.
Here are the documents a business needs to maintain after the GST registration is completed:
1. Sales invoices
2. Purchase invoices
3. Sales returns
4. Purchase returns
5. Tax ledgers
6. Purchase register
7. Sales registers
Documents Required for the GST Registration in Dubai:
Some documents are mandatory from the government of the UAE during the GST registration. These documents are required for regulatory purposes. They will help the authorities keep records and track your business for the foreseeable future. These documents will also help the relevant authorities help determine the tax payable for your business.
Here are the documents required for the GST registration in Dubai:
- Trade license
- Emirates ID
- Memorandum and Articles of Association
- Certificate of Incorporation
- Bank account details
- Detailed business plan
- List of business activities being performed
- Turnover of the last 12 months
- Projected future turnover
- Expected values of import and export
- Details of Customs Authority Registration
- If the business is expecting any GCC supplies
Read More: https://www.spiderbc.com/need-an-address-for-gst-registration-a-virtual-office-is-the-answer/