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Economic Substance Regulations (ESR)
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Syed Hassan Ali

Syed Hassan Ali carries with him an experience of 13 years in providing legal guidance and consultancy. He is a holder of two degrees, one in Business Management and the other in Economics for Engineers and Scientists. He carries an in-depth knowledge of the UAE market and continues to be an asset to businesses, providing clarity regarding applicability of the ESR regulations as well as guide them in making informed decisions.
Banking Businesses in the UAE

ESR Compliance for Banking Businesses in the UAE

September 26, 2023

On 30 April 2019, the United Arab Emirates issued Economic Substance Regulations to ensure their dedication as a member of the Organization for Economic Co-operation and Development (OECD) Inclusive Framework, …

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Categories Economic Substance Regulations
Administrative Penalties

Administrative Penalties for ESR Noncompliance in the UAE

August 21, 2023

With the institution of Cabinet Resolution No. 57 of 2020, the Economic Substance Regulation (ESR) in the UAE has become a dynamic compliance obligation for businesses. Under this resolution, administrative …

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Categories ESR Penalty
Economic Substance Requirements in UAE

Economic Substance Requirements in UAE

August 1, 2023August 1, 2023

In 2019 as per the Cabinet of Ministers Resolution No. 31, the United Arab Emirates introduced the Economic Substance Regulations after the OECD (Organization for Economic Cooperation & Development) in …

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Categories Economic Substance Regulations
Functions of the ESR Regulatory

Functions of the ESR Regulatory Authorities in the UAE

July 26, 2023July 26, 2023

The Economic Substance Regulation (ESR) Regulatory Authorities evaluate and determine whether a Licensee satisfies the ESR Test. Essentially, the ESR Test checks if the business has conducted an Income Generating …

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Categories Economic Substance Regulations
ESR notification and reporting

What are ESR notification and reporting requirements?

July 20, 2023

The Economic Substance Regulation was introduced in 2019 by the UAE government to encourage economic activity and combat harmful tax practices. For ESR purposes, licensees must conduct relevant activities in …

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Categories ESR Report Filing
Economic Substance Test

Key Requirements for UAE Economic Substance Test

May 11, 2023May 10, 2023

On 10th August 2020, the UAE Cabinet of Ministers issued amendments to Resolution-31, also known as the Economic Substance Regulation, and introduced Resolution No. 57. According to Resolution No. 57, …

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Categories ESR Test
licensee under ESR

Who is a Licensee under the Economic Substance Regulation in UAE?

May 4, 2023

A Licensee refers to an entity that is either a juridical person incorporated inside or outside the State or an Unincorporated Partnership registered in the State, including a Free Zone …

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Categories Economic Substance Regulations
ESR in DIFC freezone

DIFC Freezone Economic Substance Regulations

April 28, 2023April 28, 2023

To meet the international criteria of BEPS (Base Erosion and Profit Shifting), UAE introduced economic substance regulations. Economic substance regulations are not limited to particular areas; rather they are covering …

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Categories Economic Substance Regulations
UAE Economic Substance Regulations (ESR) Reporting

The UAE Economic Substance Regulations (ESR) Reporting Guidelines

August 1, 2023March 17, 2023

The UAE Economic Substance Regulation(ESR) was introduced in 2019 to comply with international tax standards and increase transparency in the country’s business practices. The regulation compels companies operating within the …

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Categories ESR Report Filing
Ways of Filing ESR Notifications and Report

Ways of Filing ESR Notifications and Report

February 8, 2023February 8, 2023

The primary purpose of ESR is to establish, maintain and illustrate the presence of onshore and free zone companies which undertakes the respective Core Income Generating Activities with regard to …

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Categories ESR Report Filing
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Recent Posts

  • ESR and Taxation: How ESR Affects Taxation in the UAE
  • ESR Compliance for Banking Businesses in the UAE
  • Understanding Economic Substance Regulations for Insurance Businesses in the UAE
  • What is adequate or appropriate economic substance in the UAE?
  • What is the Penalty for ESR Notification?

Categories

  • Economic Substance Regulations
  • ESR Notifications
  • ESR Penalty
  • ESR Report Filing
  • ESR Test

About Us

Farahat & Co has dedicated Regulatory and Risk Advisory experts that can offer you with legal advice in connection with UAE Economic Substance Regulations. Our team is committed in providing solutions that enable clients that are affected by the legislation to satisfy the requirements for sufficient substance in United Arab Emirates, including annual reporting and notification filing.

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