Economic Substance
Economic Substance Regulation became effective in the UAE on January 01, 2019. This regulation requires company to fill two broad forms:
- Notification Form
- Annual Substance Return
The filing requirements depend upon the Regulatory Authority, which is relevant to the business, thus causing it to vary. It is essential for every business in the UAE to assess whether they fall under the UAE Economic Substance rules and what their obligations are. We provide assistance with the following services in order to avoid non-compliance penalties.
- Business Activity Evaluation
- Analysis and Notification to the Relevant Authorities
- Support in filling Annual Return
- ESR Compliant