Dubai, the commercial hub of UAE, is home to more than 30 Free zones. The government of Dubai set up these free zones with the aim of increasing foreign investments and as a way to increase its GDP. The Dubai…
Dubai, the commercial hub of UAE, is home to more than 30 Free zones. The government of Dubai set up these free zones with the aim of increasing foreign investments and as a way to increase its GDP. The Dubai…
The ESR compliance in UAE is an additional substance requirement added to improve the accountability of business entities. The Economic Substance Regulations are to be carried out for the relevant activities in the UAE. In this case, let us look…
What Is Economic Substance Regulation(ESR) in UAE? The UAE is a member of the OECD Inclusive Framework. As a result, the EU assessed the UAE’s tax framework, through the European Union (“EU”) Code of Conduct Group on Business Taxation. Therefore,…
IMPORTANCE OF ECONOMIC SUBSTANCE REGULATIONS UAE The Economic Substance Regulations – ESR in UAE is effective since April 2019 and it requires all mainland and Free Zone companies established in the UAE, (“Licensees”) to notify the relevant Regulatory Authority whether…