The United Arab Emirates (UAE) has embarked on a journey to enhance its economic transparency and comply with international standards through the implementation of Economic Substance Regulations. This commitment is …
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 …
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 …
The UAE’s economic substance regulations were introduced in 2019 as part of the country’s commitment to international standards on tax transparency and Base Erosion and Profit Shifting (BEPS). The regulations …
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 …
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 …