Economic Substance Regulations (ESR) is a set of regulations introduced by the UAE as a part of UAE’s commitment as a member of the OECD which was effective from 2019…
ESR Compliance in UAE
Spectrum Auditing conducted webinar on “ESR Compliance in UAE” on 8th December 2023. You can watch the webinar recording video here. Meanwhile, you can also find more webinar videos on…
Economic Substance Regulations (ESR) Notification Deadline
Following is a brief summary of the Economic Substance Regulations (ESR), the revised version by the Ministry of Finance, and the latest legal compliance requirement for all UAE Entities. Is…
ESR Report Submission due date for year ended 31 Dec 2021 is 31 Dec 2022
ESR Report submission for the financial year ending 31 December 2021 and ESR Notification submission for the financial year ending 30 June 2022 are to be filed by 31 December…
ESR Notification for the year end 2020
Did you submit the ESR Notification for the year ended 2020 for your company? As Economic Substance Regulations (ESR) is an annual regulatory compliance requirement, we want to bring…
Economic Substance Regulations (ESR) – Banking Business
In Reference to Economic Substance Regulations (ESR), ‘Banking Business’ means the business of accepting deposits of money which can be withdrawn or are repayable on demand/fixed period or on notice…
Economic Substance Regulations (ESR) – Intellectual Property Business:
A UAE business is regarded as carrying on an Intellectual Property Business if it holds, exploits, or receives gross income from “Intellectual Property Assets”, which is defined as any intellectual…
Economic Substance Regulations (ESR) – Relevant Activities Examples
Continuing our series on Economic Substance Regulations (ESR) and its Relevant Activities, the following section discusses examples of scenarios where a Licensee may, or may not be, subject to the…
Economic Substance (ESR) filing deadline extended to 31 January 2021
The Ministry of Finance has extended the deadline for all companies to submit their Economic Substance Regulations Notification and Report to January 31, 2021. All UAE entities, who are involved…
Economic Substance Regulations
UAE has implemented Economic Substance Regulations (“ESR”) for all Free zone and onshore companies in UAE to ensure that UAE entities that undertake certain activities are not used to extract…
Economic Substance Report template and Economic Substance Notification template
As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union Code…
UAE ECONOMIC SUBSTANCE REGULATIONS – New updating
The UAE Cabinet of Ministers has issued Ministerial Decision No. 100 of 2020 with updated guidance on the UAE Economic Substance Regulations (ESR) regime. The Ministerial Decision also included an…
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