In accordance with Article 3 of the Cabinet Resolution No. 57 of 2020, the insurance business is one of the…
Adequate or appropriate Economic Substance in UAE means that the organizations in the UAE are directed and managed, have adequate…
This article explains the penalties for noncompliance with ESR notification and provides a guide to ensure compliance with the ESR…
With the institution of Cabinet Resolution No. 57 of 2020, the Economic Substance Regulation (ESR) in the UAE has become…
In 2019 as per the Cabinet of Ministers Resolution No. 31, the United Arab Emirates introduced the Economic Substance Regulations…
The Economic Substance Regulation (ESR) Regulatory Authorities evaluate and determine whether a Licensee satisfies the ESR Test. Essentially, the ESR…