Category: Economic Substance Regulation

It is crucial for companies operating in the UAE to know new Economic substance regulations which may impact the business. Let us know more about the impact of the Economic substance regulations. Economic Substance Regulations (ESR) The UAE Government has...

The United Arab Emirates is one of the best places for setting up and conducting business. In the past, we have seen many reputed companies setting up their headquarters in the Middle East. In the Middle Eastern region, the United...

The United Arab Emirates has gradually become one of the most attractive countries for setting up a business, and it is because of this reason there is an increase in the number of entities conducting business in the country. With...

The increase in the people who are interested in conducting businesses in the country has been directly proportional to the fraudulent business activities in the United Arab Emirates. This means that we have seen an increase in fraudulent activities and...

UAE issued Cabinet Resolution No 57 of 2020 (the “Amended ES Regulations”) on August 10, 2020, which repeals and replaces the original ES Regulations, along with updated guidance, which will clarify the amended ES Regulations (Ministerial Decision 100 of 2020 dated...

The Economic Substance Regulations (ESR) was introduced in the United Arab Emirates through the Cabinet Decision Number 31 of 2019. This regulation was implemented to reduce illegal tax practises and wrong doings in the business community. This regulation will put...

The European Union has performed a review of the tax framework of the United Arab Emirates, and in the review, it was found by the European Union hat certain conditions were not met. This led to the EU adding the...

As there was almost no tax levied on the companies in the United Arab Emirates, some of the companies abroad started taking undue advantage of this fact. They may have production of  goods in some other country, but to save...

A review of the tax framework of the UAE was done by the European Union, and some of the criteria were to meet by the UAE, which led to the addition of the country to the EU list of Non-Cooperative...

The Sharjah International Airport Free Zone is one of the favourite free zones for businessmen and entrepreneurs all over the world. This free zone strives to provide the best possible services to the members along with world-class infrastructure. It is...