To whom Economic Substance Regulations (ESR) is applicable;
Economic Substance is Applicable to all Licensee in UAE carrying on the Relevant Activities anywhere in the United Arab Emirates other than the companies with 51% government shareholding.
Relevant Activities for Economic Substance Regulations (ESR)
Banking Business
Insurance Business
Investment Fund Management Business
Lease-Finance Business
Shipping Business
Headquarters Business
Intellectual Property Business
Holding Company Business
Distribution & Service Centre Business
How ”Middle East Auditing” will help you on Economic Substance Regulations (ESR)
To check the aplicability of the law on your business/company.
Assessment, will apply Economic Substance tests for the applicable Criteria.
Identification of non compliance factors if criteria of laws are not met.
Suggestion to improve the compliance for Economic Substance.
Reporting to the relevant authority as per Economic substance requirements.
