The regulations require UAE onshore and free zone companies and other UAE business forms that carry out any of the “ Relevant Activities” to maintain adequate economic pressure in the UAE relative to the activities they undertake. The Economic substance rules in UAE were introduced in April 2019, and businesses need to assess how they comply with those rules and regulations.
Economic Substance Regulations in UAE applies to all the UAE onshore, Free Zone, and offshore companies and also analyses and determine the impact of this new implication in the UAE.
