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 …
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The Economic Substance Regulation was implemented on 1st January 2019. Under the new law, companies must follow essential steps in compliance with the ESR standards. The compliance with notification Filing …
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
The economic substance notification form is an initial requirement of Economic Substance Regulations in the UAE. ESR regulations in the UAE require all the businesses that fall under its scope …
Read MoreThings to be notified in Economic Substance Notification Form
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 …
Read MoreHow to Submit Economic Substance Regulations Appeal Request?
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 …
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 …
Read MoreAssess Your Economic Substance Regulations Applicability Correctly to Avoid Penalties
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