Economic Substance Reporting in UAE
On 30 April 2019, the Economic Substance Regulations were issued by the United Arab Emirates in accordance with the Cabinet of Minister Resolution Number 31 of 2019. Moreover, assistance for …
Economic Substance Regulation Penalty
Businesses in the United Arab Emirates (UAE) that are subject to the ESR have to show economic presence commensurate with the volume and variety of major economic activity they engage …
Economic Substance Regulations Filing and Notification in JAFZA
In today’s interconnected global economy, where businesses and governments are increasingly intertwined, transparency and accountability have become paramount. The United Arab Emirates (UAE) has recognized this trend and established the …
Economic Substance Regulations for Foreign Companies Operating in the UAE
The Economic Substance Regulations have been implemented by the UAE to underscore its dedication to international tax transparency and to guarantee that businesses functioning within the UAE possess a bona …
Economic Substance Regulations for Insurance Business
Understanding ESR for the 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 …
Penalties for Failing to Meet the Economic Substance Test in UAE
The United Arab Emirates (UAE) has implemented Economic Substance Regulations (ESR) to ensure that companies operating in the UAE have a genuine economic presence and are not just using the …