Economic Substance Regulations

In brief

The UAE introduced Economic Substance Regulations (“the Regulations”) that became effective as of 1 January 2019. There are potentially two broad filing requirements under the Regulations: (i) Notification form and (ii) Annual substance return. Under the ESR, all filing requirements fall under the remit of the relevant Regulatory Authority, and as such it is the Regulatory Authorities that set the requirements, deadlines and format for notification filing as they believe is appropriate and which may vary. Below, we have summarised the most up to date filing requirements as released by some of the Regulatory Authorities.

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