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…
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…
ECONOMIC SUBSTANCE REQUIREMENT NOTIFICATION
The UAE Economic Substance Regulations
The UAE introduced Economic Substance Regulations pursuant to Cabinet of Ministers Resolution No.31 of 2019(“Regulations”) on 30 April 2019. Guidance on the application of the Regulations was issued on 11…
Guidelines for Economic Substance Regulations (ESR) compliance in UAE
Guidelines for Economic Substance Regulations (ESR) compliance in UAE Following is the template for submission of Economic Substance Regulations (ESR), which is available to be used for keeping the information…
Summary of Economic Substance Regulations (ESR) in UAE
Check this link to know more: https://www.spectrumaccounts.com/economic-substance-regulations/ What is all about ESR?: As part of the UAE’s commitment being a member of the OECD Inclusive Framework, in response to…
ESR in Dubai
The ESR in Dubai allow a business to outsource their major or other activities to third party service providers. But the third party must be reside in Dubai and they…
Intellectual Property Business under ESR in UAE
Intellectual Property Business under Economic Substance Regulation in UAE Definition: High Risk IP Licensee is a Licensee which carries on an Intellectual Property Business and in respect of which any…