As part of the UAE’s commitment being a member of the OECD Inclusive Framework, the UAE introduced a Regulation on the Economic Substance.

ESR filing deadline for Notifications will be extended to 31st December 2020, because the MOF was activated just recently (first week of December 2020).

The UAE has newly introduced Economic Substance Regulations, and accordingly, all UAE organizations that might be dependent upon these regulations should be set up to make a move and ensure compliance.

The ESR advisory is given by the expert consultants from the Economic Substance Regulation services in Dubai who manage the mainland organizations to obey with ESR set down for the mainland organizations.