City Tower -2, Sheikh Zayed Road
PO Box No 32665
Dubai – United Arab Emirates.
T: +971 43277775
E-mail: [email protected]
Jay Krishnan & Sumesh Krishna
The UAE Cabinet recently issued the Cabinet of Ministers Resolution No.31 of 2019, which requires all in-scope UAE entities to maintain an economic substance. This will be applicable to onshore and free zone companies that engage in certain “Relevant Activities”.
Ever since the introduction of economic substance regulations in UAE, people have been raising queries about numerous things related to it. Here we have listed below a set of questions and answers about economic substance regulations in UAE.
All licensees in liquidation should file a notification.DIFC has confirmed that organizations operating in the free zone that has been dissolved, struck-off or liquidated before the deadline for submission of the Notification need not file ESR notification.
Would you like to rate us on Google? Yes No
Whatever your question our global team will point you in the right direction
By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us,
you can send us a message using the Contact us page.
UAE businesses, including the ones that had already filed ESR notification, are required to file or re-file ESR notification through MoF’s dedicated portal.
There have been certain changes to the rules and regulations pertaining to economic substance regulations in the UAE.
Economic substance regulations is not a novel thing anymore. Entities in UAE are aware of the regulations and most of them have already filed the notification.