What is the Economic Substance Regulations?

​In 2019, the UAE issued the herein below listed legislation introducing economic substance regulations that apply across all onshore and free zone jurisdictions in United Arab Emirates:

1. ​UAE Cabinet Resolution No. 31/2019 concerning economic substance regulations in the UAE
2. Cabinet Resolution No. 58/2019, which designates the appropriate UAE authorities to regulate compliance under these regulations.
3. guidance released by the Ministry of Finance pursuant to Ministerial Decision No. 215/2019; and
4. Cabinet Resolution No. 7/2020, amendments to Resolution No. 31-2019 

These recently introduced economic substance regulations in UAE,  required all the businesses that may be subject to these regulations to take action and ensure timely compliance.

What is Economic Substance Regulations? 

What Compliance is required under the UAE Economic Substance Regulations?

Business Activities, subject to notification - substance test and annual substance return compliance  under the UAE  Economic Substance Regulation 

Economic Substance Regulations in United Arab Emirates

Concerned Regulatory Authorities under ESR - Economic Substance Regulation in UAE

Who is subject to the ESR?

​For more information on how Gupta Accountants could assist you in compliance with UAE  Economic Substance Regulation Rules, ​contact us today. ​
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Gupta Accountants competent team of chartered accountants in Dubai, provides best supports at all the stages of the compliance to Economic Substance Regulations in UAE to companies registered under free zones and on main land, established in the emirates of  Dubai, Abu Dhabi Sharjah, Umm Al Quwain, Ajman, Ras Al Khaimah and Fujairah. 
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