What Compliance is required under the UAE - Economic Substance Regulations?

• ​Established companies holding License, which carries out one or more of the Relevant Activities as stipulated under UAE Economic Substance Regulations, must submit a notification to the appropriate regulatory authority as set out in the Economic Substance Regulations.

• ​In addition, for every financial period, any Licensee that carries out one or more of the Relevant Activities and derives income from the Relevant Activity in the UAE will also be required to satisfy an "economic substance test" and submit an annual economic substance report with the appropriate regulatory authority within 12 months from the end of the relevant financial year.Companies that are at least 51% directly or indirectly owned by the Federal or an Emirate government or a UAE-based government body or authority are exempted from the compliance under ​UAE Economic Substance Regulations.

​The appropriate regulatory authority varies depending on the type of Relevant Activity and the location in which it is undertaken. Each regulatory authority will set out the form of the reports to be filed and the mechanisms for submitting such forms.

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?

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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