Further to our Economic Substance Regulations (ESR) regular updates, here is an announcement with respect to the deadline for filing of notification form as mentioned by concerned authorities. Dubai Airport…
Economic Substance Regulations(ESR) – Holding Company Business
A Holding Company Business is defined under Article 1 of the Regulations as a business that: (a) Is a Holding Company in accordance with the law applicable to the Licensee…
Economic Substance Regulations (ESR) – Shipping Business
To undertake a Shipping Business, a Licensee must operate one or more ships in international traffic, for the transport of either passengers, cargo or both. The definition of a…
Economic Substance Regulations (ESR) – Headquarters Business
A Licensee is regarded as carrying on a Headquarters Business if the Licensee provides services to foreign group companies, and through the provision of such services: The Licensee takes on…
Economic Substance Regulations(ESR) – Lease-Finance Business
The definition of a Lease-Finance Business encompasses Licensees that offer credit or financing for any kind of consideration, and includes intra-group financing. Offering credit or financing includes making loans to…
Economic Substance Regulations (ESR) – Investment Fund Management Business
The definition of an Investment Fund Management Business encompasses Licensees that provide discretionary investment management services in relation to domestic or foreign “Investment Funds”. Discretionary Investment Fund Management services include…
Economic Substance Regulations (ESR) – Insurance Business
Insurance Business means the business of accepting risks by effecting or carrying out contracts of insurance, in both the life and non-life sectors, including contracts of reinsurance and captive insurance…
Activities under Economic Substance Regulations (ESR)
Today we will discuss about how under Economic Substance Regulations (ESR), the Regulations apply to companies and other business forms registered in the UAE, including in a Free Zone or…
Cybercrime – Are you immune to data breach?
A lot of businesses manage almost all of their transactions through digital platforms and considering the sheer volume of data exchanged every minute, Data Security should be the top…
Cloud Accounting – A Big Move in Accounting
In the current scenario of digitization and flexibility to work on multiple devices, demand for a centralized and secure data storage system is on the rise. Traditional usage of the…
Clarifications related to ESR notification by RAKEZ
Following are the clarifications provided by RAKEZ for all common questions related to Economic Substance Regulations (ESR) return submission Question : Should the ESR return be submitted by All…