The Economic Substance Regulations(ESR), introduced in UAE on the 30th of April 2019 with the Cabinet Resolution of 2019 no 31, applies requirements for economic substance on licensees or business …
Read MoreEconomic Substance Regulations for Shipping Business in UAE
According to Cabinet Resolution no. 57 and Ministerial Decision no. 100 of 2020, an ESR assessment is performed by the National Assessing Authority to assess whether or not a business …
Understanding ESR for investment fund management business is important for people who run this business in the UAE because it comes under the scope of relevant activities as described by …
Read MoreInvestment Fund Management Business as per Economic Substance Regulations
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 …
Non-compliance with the ESR regulations can lead a licensee to receive an Economic Substance Regulation penalty email from FTA. Economic Substance Regulations in the UAE suppose all the businesses that …
Read MoreEconomic Substance Regulations Penalty Email from FTA in UAE
Understanding ESR for insurance business is important for people who operate this business in the UAE because it is one of the relevant activities as described by the Economic Substance …
Read MoreEconomic Substance Regulations for Insurance Business
According to the Cabinet of Ministers Resolution (no. 31, 2019), on the 30th of April, United Arab Emirates enforced Economic Substance Regulations (Resolution no. 31) for being an active member …
According to Cabinet of Ministers Resolution (no. 31, 2019), on the 30th of April, United Arab Emirates enforced Economic Substance Regulations for being an active member of the Organization for …
Since its inception in 2019, Economic Substance Regulation has formed an integral part of reporting to the Federal Tax Authority. The National Assessment Authority ensures that all the information provided …
Read MoreUnderstanding the types of ESR penalties and How to appeal against an ESR penalty
The New Economic Substance Regulations issued by the United Arab Emirates on the 10th of August 2020 requires organizations to have considerable exercises in the UAE. The Regulation considers the …
Read MoreThe New Economic Substance Regulations for UAE Companies