The UAE has introduced an Economic Substance Regulation (ESR) applicable from 2020.
Companies in the UAE with income from one or more of the following sectors will be required to determine whether they have “adequate substance” in the UAE. The sectors concerned are:
- Banking;
- Insurance;
- Fund management;
- Finance and leasing;
- Pure equity holding company;
- Shipping;
- Headquartering;
- Intellectual property holding;
- Distribution and Service centre business.
We help you to determine whether your company is concerned by this law. We also assist you in the preparation of the notification and the drafting of the report to be sent to the Authorities every year.
