Economic Substance Regulations (ESR) UAE
The United Arab Emirates Cabinet recently issued the Cabinet of Ministers Resolution No.31 of 2019, that requires all in-scope UAE entities to maintain an economic substance.
The UAE was added to the European Union list of non-cooperative tax jurisdictions by the European Commission and this was the reason behind the issuance of the economic substance regulations. Economic Substance regulations UAE are similar to the economic substance requirements that were recently implemented in jurisdictions that include Cayman Islands and Jersey.
What UAETAXSERVICES offers?
- Consulting on Economic Substance Regulation (ESR)
- Identify the qualifying entities for Economic Substance Regulation (ESR) compliance
- Identify the qualifying business segments for Economic Substance Regulation (ESR) compliance
- Report and advise on overall Economic Substance Regulation (ESR) readiness by the Entity
- Ongoing Economic Substance Regulation (ESR) compliance
- Secretarial services in connection with Economic Substance Regulation (ESR) record maintenance
- Economic Substance Regulation (ESR) filing with the authorities in the proper /prescribed format
Want to Read more?
UAE Economic Substance Regulations
Economic Substance Regulation Deadline UAE