Sep 01, 2020 
ESR and CbCR
Update on Economic Substance Regulation (UAE ESR)
Update on Economic Substance Regulation (UAE ESR) from the Ministry of Finance (MoF) on Economic Substance Test. MoF issues Ministerial decision No. 100 for the year 2020 on the Issuance of Directives for the Implementation of the provisions of the Cabinet Decisions No 57 of 2020 Concerning Economic Substance Requirements. Through this decision, FTA has been added as National Assessing Authority for overseeing ESR.
This Decision is intended to provide further guidance and direction to entities carrying out one or more Relevant Activities. An entity subject to the ESR Regulations shall have regard to this Decision for the purposes of ensuring compliance with the ESR Regulations.
On 30 April 2019, the Cabinet of Ministers of the United Arab Emirates (“UAE”) issued Cabinet Resolution No. 31 of 2019 Concerning Economic Substance
