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…

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…

As part of the UAE’s efforts to curb harmful tax practices and Base Erosion of Profit Shifting (BEPS), the companies that carry out the relevant activities in the UAE are…

The UAE introduced the Economic Substance Regulations (ESR) to curb the harmful tax practices to honour its commitment to OECD as a member of the inclusive framework and as a…

The UAE companies are faced with a new regulatory compliance requirement called the Economic Substance Regulations (ESR) which mandates the companies to comply with ESR Notification filing, Economic Substance Test,…

The UAE’s commendable pursuit to bring more transparency and efficiency to its economy is earning praises as the country introduced the Economic Substance Regulations, which requires the free zone, mainland…

The companies in the UAE irrespective of jurisdictions are now faced with the responsibility of assessing whether they come under the scope of the UAE Economic Substance Regulations (ESR). As…

The UAE has always made commendable efforts in streamlining its economy in line with the global standards by curbing illicit financial practices. The implementation of AML CFT regulations and now the…

The companies in the UAE are now facing a new responsibility to comply with the Economic Substance Regulations (ESR) introduced by the UAE government to meet the global standards for…

The Economic Substance Regulations in UAE have come into effect and the mainland, free zone (including financial free zones) and offshore companies that carry out relevant activities are required to…