ESR for Intellectual Property Business in UAE
What is intellectual property? Intellectual properties are intangible assets. They are legally bound and protected from illegal use by any other party. An intangible asset in Intellectual Property rights is …
Assess Your Economic Substance Regulations Applicability Correctly to Avoid Penalties
Economic Substance Regulations are a set of rules, regulations, and requirements that are meant to follow by some businesses in the UAE. The purpose of ESR is to regulate and …
Why should a Business Comply with Economic Substance Regulations?
The Economic Substance Regulation was issued by UAE according to the global standards set by the Organisation for Economic Cooperation and Development (OECD), as well as by the European Union …
How to Submit Economic Substance Regulations Appeal Request?
Economic Substance Regulations appeal user-guide is used to provide assistance to the Licensees or Exempted Licensees on how to submit their ESR appeal request to the Federal Tax Authority. In …
Requirements of Leasing-Financing Businesses on Economic Substance Regulations in UAE
Mainland, offshore, and free zone firms that are in the business of leasing and financing in the United Arab Emirates are required to comply with Cabinet Resolution (No 31) of …
What are ESR penalties for providing inaccurate information?
The UAE Cabinet Resolution established administrative fines for numerous economic substance regulations. The number of fines for infractions committed by both Licensees and Exempted Licensees has grown as a result …