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Economic Substance Regulations (ESR) in UAE

2 years ago

ID: #310500

Business Description

Economic Substance Regulations (ESR) for a Headquarters Business in UAE Cabinet Resolution (No 31) of 2019 on Economic Substance Regulations (ESR), introduced on the 30th of April 2019, applies to corporate entities in the UAE which derive income from “relevant activities” in the financial years starting from the 1st of January 2019. The legislation was specifically designed to provide reputation protection of jurisdictions in UAE and entities that are operating from them by making sure all income streams from the relevant activities mentioned in the Cabinet Resolution are on actual local activities and substantiate the utilization of the country’s low tax jurisdictions.

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Tags : uae filing ESR