Jitendra Business Consultants Blog

Penalties for Non-Compliance of ESR Test in the UAE

Consequences or Actions if a Licensee Fails to Meet the UAE Economic Substance Test

July 19, 2020

The companies in the UAE that fall within the scope of the Economic Substance Regulations (ESR) are required to demonstrate economic presence in line with the level and type of…

How can high risk IP business meet UAE ESR Test?

How Can High Risk IP Businesses Meet UAE Economic Substance Test ?

July 19, 2020

Economic Substance Regulations (ESR)

IP poses a greater risk of artificial profit shifting as opposed to income derived from non-IP related activities. In view of this higher risk, the Licensees that conduct the High-risk…

Powers of ESR Regulatory Authorities in the United Arab Emirates

July 19, 2020

Economic Substance Regulations (ESR)

The UAE government has issued Cabinet Resolution No. 58 of 2019 on 4 September 2019, which identified the Regulatory Authorities to oversee that the companies that conduct the Relevant Activities are…

How UAE Businesses That Outsourced Relevant Activities Will Be Tested Under ESR?

July 19, 2020

Economic Substance Regulations (ESR)

Meeting the Economic Substance test in the UAE has become an absolute necessity for the companies to demonstrate that they are not committing any harmful tax practices. The companies will…

How to Get a Technical Services License in Dubai Mainland?

July 12, 2020

Company Formation

Dubai is a cosmopolitan city throbbing with the active presence of locals and an expat population comprising over 200 nationalities that open lucrative opportunities for setting up technical services businesses…

How Banking Businesses Should Meet UAE ESR Test?

July 12, 2020

Economic Substance Regulations (ESR)

After filing the UAE ESR notification to the respective regulatory authorities the companies in the UAE are now required to meet the Economic Substance Regulation (ESR) Test. The regulatory authority…

How will Businesses tested for Adequate Economic Substance in the UAE

How will Businesses be Tested for ‘Adequate’ Economic Substance in the UAE?

July 12, 2020

Economic Substance Regulations (ESR)

The UAE enacted Economic Substance Regulations (ESR) pursuant to the global standards set by the OECD Forum on Harmful Tax Practices (FHTP), which requires the companies that conduct relevant activities…

How distribution & service center business can meet the requirements of ESR

How Distribution & Service Centre Businesses Can Meet UAE ESR Test?

July 9, 2020

Economic Substance Regulations (ESR)

The companies in the UAE that carry out one or more relevant activities and earn income from relevant activity during the financial year are required to meet the Economic Substance Test set…

How to Import & Sell Medical Devices in Dubai?

July 9, 2020

Company Formation

The COVID-19 pandemic has had a positive impact on certain sectors in Dubai including e-commerce, Fintech, IT, and EdTEch. While these sectors benefited from the change in consumers’ behaviour due…

5 Key Factors to Set up a Successful Business in Dubai in 2020

July 5, 2020

Company Formation

For an entrepreneur with high business aspirations, Dubai is the perfect place to start a company. The strategic location, excellent infrastructure, ease of doing business (The UAE has been ranked…