#esr notification uae

[shuraatax]

What is economic substance regulations uae?

The UAE decreed the Economic Substance Regulations (ESR) on 30 April 2019 and the guidance on the application of the Regulations was released on 11 September 2019. These regulations apply to all UAE jurisdictions, including free zones and on-shore. It was introduced to comply with international initiatives to combat harmful tax practices including unlawful evasion. The Registrar of Companies was designated as the Regulatory Authority in the DIFC for the ESR UAE. Stay updated and be informed on the items that matter the most. Connect with Shuraa.

[thebroadspectrum]

Navigating ESR Notifications and Reports in UAE: Essential Insights from Top Consultants

The UAE's Economic Substance Regulations (ESR) have been a game-changer for businesses operating within the region. Introduced to align with international tax standards and combat profit shifting, ESR requires entities to demonstrate substantial economic activities in the UAE. Complying with ESR involves understanding the intricacies of ESR notifications and reports, a process where consultants in UAE play an indispensable role. This article explores the significance of ESR compliance and how expert consultants facilitate this journey for businesses.

Click https://highmarkaccountants.com/compliance/ers-notification-and-reports-services-in-uae/

The Essence of Economic Substance Regulations

The UAE's ESR was implemented in 2019 in response to global tax concerns, particularly those raised by the European Union and the OECD. The regulations target specific categories of business activities, including banking, insurance, investment fund management, lease-finance, headquarters operations, shipping, holding companies, intellectual property businesses, and distribution and service centers.

Entities engaged in these activities must meet economic substance requirements, which involve demonstrating real economic presence and substantial activities within the UAE.

ESR Notifications and Reports: A Step-by-Step Guide

ESR Notifications

The first step in ESR compliance is submitting an ESR notification. This notification must be filed annually and provides basic information about the entity and its activities. Here’s what businesses need to know:

Eligibility: Identify whether your business conducts relevant activities under the ESR. All entities, including mainland, free zone, and offshore companies, must file a notification if they engage in these activities.

Details Required: Notifications require details such as the entity’s activities, financial year, and whether it has earned income from relevant activities.

Deadline: Notifications must be submitted within six months from the end of the financial year.

ESR Reports

Entities that earn income from relevant activities must also submit an ESR report. This report demonstrates compliance with the economic substance requirements and includes detailed information on:

Core Income-Generating Activities (CIGA): Evidence that the CIGA were conducted within the UAE.

Management and Direction: Proof that the entity is directed and managed in the UAE.

Employees, Expenditure, and Physical Assets: Details about the employees, operating expenditure, and physical assets within the UAE.

Financial Information: Comprehensive financial data supporting the entity’s economic activities.

The Role of Consultants in ESR Compliance

Given the complexity and high stakes of ESR compliance, businesses often turn to consultants in UAE for expert guidance. These professionals offer a range of services to ensure seamless compliance with ESR requirements.

Expertise and Knowledge

Consultants possess deep knowledge of the ESR framework and stay updated with any amendments. They provide accurate interpretations of the regulations, helping businesses understand their obligations and avoid costly mistakes.

Tailored Compliance Strategies

Each business is unique, and so are its compliance needs. Consultants assess an entity’s specific situation and develop tailored strategies to meet ESR requirements. This might involve restructuring operations, relocating key personnel, or enhancing documentation processes.

Efficient Reporting and Documentation

Preparing ESR notifications and reports requires meticulous attention to detail. Consultants assist in gathering and organizing the necessary data, ensuring that all submissions are accurate, comprehensive, and timely.

Risk Mitigation

Non-compliance with ESR can result in severe penalties, including financial fines and reputational damage. Consultants help businesses identify potential compliance risks and implement measures to mitigate them, safeguarding the entity’s interests.

Case Study: Successful ESR Compliance Through Expert Consultancy

Consider a medium-sized tech company in Dubai engaged in intellectual property activities. Faced with the challenge of complying with ESR, the company enlisted the services of a reputable consultancy firm. The consultants conducted a thorough assessment, identifying gaps in the company's current operations that needed addressing.

The consultancy provided strategic recommendations, such as enhancing local operational activities, improving management practices within the UAE, and ensuring robust documentation of all economic activities. They also assisted in preparing the ESR notification and report, ensuring timely and accurate submissions.

As a result, the tech company successfully demonstrated compliance with the ESR, avoiding penalties and maintaining its favorable tax position.

The Future of ESR Compliance in UAE

As global tax regulations evolve, the UAE’s commitment to upholding international standards through ESR is expected to continue. Businesses must remain proactive and informed to navigate these changes effectively.

Conclusion

The Economic Substance Regulations in the UAE underscore the importance of substantial economic activities and transparency. Complying with ESR notifications and reports is critical for businesses to maintain their operations and reputation in the region. Leveraging the expertise of consultants in UAE can make this complex process manageable and efficient.

By understanding the ESR requirements and seeking professional guidance, businesses can ensure compliance, mitigate risks, and thrive in the UAE's dynamic economic landscape. Whether you're a multinational corporation or a local enterprise, staying ahead of regulatory requirements is key to sustained success.

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[yourofficepartners]

Business Setup Consultants in Dubai

It’s time for Economic Substance Regulation (ESR) notification submission:

Companies and establishments that are involved in ‘relevant activities’ in the UAE are required to submit economic substance notifications and reports to the regulatory authority on an annual basis, in accordance with the provisions of the Cabinet Resolution, which stipulates the submission of these notifications and reports. Failure to adhere to this will result in sanctions.

𝐍𝐨𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 – 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞 • A maximum period of 6 months is granted from the end of the fiscal year.

𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐒𝐮𝐛𝐬𝐭𝐚𝐧𝐜𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 – 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞 • A maximum period of 12 months is granted from the end of the fiscal year.

𝐑𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬: • Banking Business • Insurance Business • Investment Fund management Business • Lease – Finance Business • Headquarters Business • Shipping Business • Holding Company Business • Intellectual property Business (“IP”) • Distribution and Service Center Business

All legal entities are encouraged to determine their upcoming ESR filing obligations as soon as possible for any completed FYs and take necessary steps to ensure filings are made within the applicable deadlines and all necessary supporting documentation is available at the time of the filing.

Penalties for noncompliance with the ESR include financial penalties for the failure to submit a notification (AED 20,000), submit a report (AED 50,000), provide accurate or complete information (AED 50,000), and demonstrate sufficient economic substance in the UAE (first failure is AED 50,000 and second consecutive instance of failure is AED 400,000). Nonfinancial penalties include information exchanges with certain foreign authorities. The Federal Tax Authority (FTA) has begun to initiate audits.

Our expert team is ready to assist you with ESR preparation and submission.

FN Year Jan 2023 to Dec 2023 - Notification Filing Deadline is 30th June 2024 FN Year Jan 2023 to Dec 2023 - Report Filing Deadline is 31st December 2024

Please contact Your Office Partners for more info!

[kgrndeveloper]

https://kgrnaudit.com/esr-notification-uae/

[kgrnaudit]

Penalties for Failure to Comply with ESR in UAE

Administrative fines were established for a number of Economic Substance Regulations violations by Cabinet Resolution No. 57 of 2020. (ESR). The revised resolution has increased the number of fines for violations committed by both Licensees and Exempted Licensees. Giving incorrect information, failing to submit an ESR report and notification, and failing the UAE's economic substance test are the three main violations.

The severity of the fine serves as a reminder to businesses to consult qualified ESR experts in the UAE before submitting notices and ESR Reports. Businesses should be cautioned by the following list of administrative fines under the Economic Substance Regulations:

Criminal penalties and fines for not informing A Licensee or Exempted Licensee who fails to file an Economic substance regulations notification in the UAE is subject to pay an administrative penalty of AED 20,000, per Article 13 of Cabinet Resolution No. 57 of 2020 addressing economic substance requirements. If the National Assessing Authority concludes that the entity has committed the violation, it will inform the entity of the penalty.

Call +971 45 570 204 or send an email to support@kgrnaudit.com with any questions.

Penalties will apply if an economic substance report is not submitted. In accordance with Article 14 of Cabinet Resolution No. 57 of 2020, entities that fail to submit the Economic Substance Regulations Report and any relevant information or documentation required to be submitted in accordance with the provisions of the Cabinet Resolution No. 57 of 2020 concerning Economic Substance Requirements will be subject to an administrative fine of AED 50,000.

According to Article 14 of Cabinet Resolution No. 57 of 2020, a corporation will be subject to an administrative fine of AED 400,000 if it violates the same law in the fiscal year that immediately follows the fiscal year in which the violation was initially committed. To avoid further financial loss in the form of penalties, it is preferable to seek the advice of the top ESR specialists in Dubai.

Penalties May Apply If You Fail the Economic Substance Test To engage in a Relevant Activity, companies based in the UAE must pass the Economic Substance Test. But for the first year, failing the Economic Substance Test for each financial year will result in a punishment of AED 50,000, as stated in Article 14 of Cabinet Resolution No. 57 of 2020. A repeat of the same violation in the subsequent Financial Year, however, will result in an administrative punishment of AED 400,000, in accordance with Article 14 of Cabinet Resolution No. 57 of 2020.

Call +971 45 570 204 or send an email to support@kgrnaudit.com with any questions.

Financial penalty for providing misleading information The Regulatory Authority should receive correct information and pertinent documentation from both Licensees and Exempted Licensees. Organizations that submit fraudulent information and fail to acknowledge the inaccuracy despite knowing about it will be penalised AED 50,000, according to Article 15 of Cabinet Resolution No. 57 of 2020. The National Assessing Authority will inform the entities of the fine as soon as it becomes aware of the violation.

Contents of the penalty notification After the National Assessing Authority determines that a Licensee or Exempted Licensee has violated an ESR rule, a notice will be issued to the violators. The Authority will give violators the following information:

The Licensee or the Exempted Licensee breached the law in the applicable financial year, according to the National Assessing Authority. the grounds for imposing the ESR administrative penalty The financial penalty assessed administratively against the company The administrative penalty's start date ( not less than 30 business days after the issue of notice) The ability to contest an administrative penalty According to Article 17 of the Cabinet Resolution 57 of 2020, a Licensee or an Exempted Licensee may challenge the administrative penalty imposed by the National Assessing Authority. Call +971 45 570 204 or send an email to support@kgrnaudit.com with any questions.

The following justifications are permissible for the appeal:

The company has not broken the law. The fine imposed is excessive given the offence The Authority will be penalised more severely than what is allowed by the Resolution. The National Assessing Authority will release a ruling outlining the procedure for submitting an appeal against Economic Substance Regulations fines in the UAE. The resolution will specify the steps for filing an appeal, as well as further measures for examining a penalty and deciding whether to file an appeal.

What Can KGRN Do to Help You Avoid ESR Sanctions? Businesses that come under the licensee and exempt licensee categories should exercise caution because to the harsh administrative penalties connected to the UAE's Economic Substance Regulation. Failure to submit an ESR notification or report, failing the Economic Substance Test, and submitting false information are the principal violations that result in fines under ESR in the UAE.

Given the severity of the penalty, businesses should try to avoid penalties in the first place rather than submitting an appeal after they have been imposed. Consultation with leading ESR authorities in the UAE, like as KGRN Chartered Accountants, is your best bet for avoiding fines.

The highly qualified auditors and business setup specialists that KGRN hires are familiar with the ESR laws. In order to comply with the Economic Substance Regulation UAE and avoid fines and other sanctions, KGRN assists enterprises. In order to help enterprises, KGRN evaluates whether they can pass the UAE Economic Substance Test, provides recommendations if they can't, and helps them submit their annual ESR Notification and ESR Reports appropriately.

[tech-blog987]

THE ESR FILING DEADLINES ARE HERE. HAVE YOU FILED IT YET? — HALLMARK AUDITORS

The ESR is an essential element of the UAE`s enterprise rules and sits inside a cross-border global tax framework. The ESR changed into first issued in April 2019 and eventually carried out after a sequence of amendments and steerage with the primary batch of filings on 31 December 2020.

Businesses with a economic yr of 31 March 2021 are reminded that the due date for the ESR reporting is 31 March 2022 in the event that they executed a Relevant Activity at some point of the economic yr. The ESR record is needed if the enterprise is incomes profits from the Relevant interest stated and isn’t eligible to say an exemption below ESR.

Filing closing dates were currently prolonged. ESR notification and reporting are separate filings and is an annual responsibility for licensees withinside the scope of ESR. Failure to finish and post the Notification might also additionally bring about consequences as in line with ESR laws. That might entice consequences starting from AED 20,000- AED 400,000. Considering that is the second one yr of submitting, the better penalty of AED 400,000 shall follow for a put off in submitting the ESR record if the enterprise changed into now no longer compliant withinside the preceding yr.

The ESR regulation mandates that the businesses withinside the UAE want to have an good enough financial substance withinside the UAE with regards to the subsequent nine applicable sports

Banking Businesses

Insurance Businesses

Investment Fund Management Businesses

Lease-Finance Businesses

Headquarters Businesses

Shipping Businesses

Holding Company Businesses

Intellectual Property Businesses

Distribution and Service Centre Businesses (Purchasing from Foreign related persons/ Providing offerings to Foreign related persons)

Following are the due dates for the Company having a economic yr as below:

Financial Year Ending On Notification Due Date Return Due Date

31 Mar 2021 30 Sep 2021 31 Mar 2022

30 Sep 2021 31 Mar 2022 30 Sep 2022

Please word consequences for non-compliance might entice:

Non-Compliance Amended Penalty Amount AED

Failure to post a Notification 20,000

Failure to post an Economic Substance Report 50,000

Providing faulty records 50,000

Failure to byskip ES Test for first yr 50,000

Failure to byskip ES Test for the consecutive yr 400,000

If you’ve got got ignored submitting the ESR notification on time, we endorse that the notification need to be filed on the earliest to keep away from any put off in ESR reporting. Businesses need to report as quickly as viable and now no longer wait till the stop of the prolonged cut-off date to keep away from any sort of penalty. Also, the submitting need to be achieved accurately.

Given the global nature of ESR, and the opportunity of UAE government having to deliver the agency`s UAE Substance take a look at failure to tax government remote places, the consequences aren’t constrained in the UAE by myself however can also have an effect on the agency remote places as well.

At Hallmark, we’ve a crew of specialists to manual you via the complete method of ESR submitting. So, whether or not your cut-off date is approaching, otherwise you want to study greater approximately ESR, get in contact with us.

For any Corporate Services Assistance, hook up with us.

[accountantsbox2020]

Economic Substance Regulations (ESR) | ESR Investment Business

UAE has introduced the Economic Substance Regulations (ESR) and We are the leading Accounting services provider and accounting outsourcing in Dubai.

We will assist you in outsourced accounting services.

The Economic Substance Regulations (ESR) requires all licensees to document the ESR Investment Business.

UAE Branch : A division of K.G.L Services FZC, Al Shamookh Building, UAQ Free Trade Zone, Umm Al Quwain, U.A.E

Dubai Office : H Hotel Office Tower, Sheikh Zayed Road, Dubai, UAE

We specialize in :-

Outsource Accounting Services Cloud Accounting VAT consultation Accounts Payable/Receivable Management Online Payroll Outsourcing Inventory Accounting Accounting Services

You can contact us on :- Phone : 971-545481521

You can visit our website for more information — https://accountantsbox.com/

You can also book a consultation with us by filling your details on — https://accountantsbox.com/contact-us

[spicerpegler]

Internal Audit Services in Dubai, Sharjah, UAE

Economic Substance Regulation: Why You Should Not Delay In Filing

  If you run a business in Sharjah, UAE, you must have heard of the ESR (Economic Substance Regulations). Complying with these rules is a must to help jurisdictions that offer low tax liabilities to manage their businesses. Businesses should go for third-party economic substance regulation services from firms like Spicer Pegler to maintain a record.

  The Areas Covered in the ESR

The Organization for Economic Cooperation and Development lays down rules for companies to conduct their duties in their country or jurisdiction. It states this to ensure businesses get registration in the country and not just for tax benefits.

  In recent times we are seeing a change in this ESR, to be precise, on the 30th April 2019 when the UAE laid down special rules for the businesses based here. The firms doing business in core revenue-generation areas like finance, banking, investment, shipping, and distribution services should be running in the UAE and performing all the CIGA activities.

  It should have a specific number of staff members, have annual operational expenses and facilities here in the UAE for its operations as well.

  Which businesses should go for these compliances of economic substance notification, Dubai, Sharjah, UAE-based? The lease finance business, headquarters of businesses, shipping, and holding companies, among others, will have to file a notification.

  How Businesses can Comply with ESR

Hiring a third-party firm for economic substance reporting Dubai, Sharjah, UAE-based is the first task to do. They will do a thorough investigation of the papers and the valid documents that you have. Based on that, you can go for filing the notification as well as the reporting. All the UAE-based business and license-holding entities carrying what falls under the ‘Relevant Activities’ in the financial year will need to file.

  The Reporting and the Fines

If the business is going for the economic substance reporting Dubai, Sharjah, UAE-based, for the first time, it has to hire a third-party company to help them. The reporting should offer clear data on the number of employees, the location of the business activities, the value of the income from the ‘relevant activities.’ There should also be proper details on the number of people doing the activities and the equipment used.

  Such reporting in time can save your business and save the thousands you would otherwise have to spend in penalties or even revoke your business license.

Contact us:

Clover Bay Tower, Office 2005, P.O.Box 237477 Business Bay, Dubai – UAE Phone: +971 4 878 6553 Fax: +971 4 878 6534 Email: info@spicerpegler.com

[aviaanaccounting]

ESR Assessment Services | Aviaan Accounting

   What is ESR Assessment ? Economic substance regulation (ESR) assessment is a regulatory requirement for UAE onshore, free zone, and other companies that carry out any of the Relevant Activities as per Cabinet of Ministers Resolutions No.31 of 2019. Business need to maintain an adequate economic presence in the UAE relative to the activities they undertake. What are the Relevant  Activities for ESR? . Banking Business . Insurance Business . Headquarters Business . Shipping Business . Investment Fund Management Business . Lease-Finance Business . Distribution and Service Centre Business . Intellectual Property Business What are the services provide by us? Preliminary check on businesses and relevant operations for the applicability of ESR assessment. Conduct the economic regulations test and a core assessment of business. Help business to rectify, work on the steps, and weak measures that will help them pass the ESR assessment. Identify any elements in business that do not meet the applicability criteria for the ESR assessment. Assist the businesses in submitting the reports and filing of the notification and returns to the relevant regulatory authority. Why choose Aviaan Accounting's Services? Quick and Efficient - Our team has worked with government agencies for ESR assessment, and has a lot of experience in this area. - We would be able to get the work done in much less time than if businesses did it themselves and would also end up saving money. Planning - Our team tries to understand the needs and situation of the businesses to the best extent possible. - We come up with an effective plan of action that will help in satisfactory ESR assessment. Smooth Process - Our team will collect all the necessary documents from the businesses. - We will handle the rest of the incorporation process and help in the smooth completion of it. To know more visit our website https://www.aviaanaccounting.com or email us info@aviaanaccounting.com or contact us at +971 567952590.

[thebroadspectrum]

Understanding the Economic Substance Regulation in Dubai, UAE: Insights from Leading Consultants

In recent years, the United Arab Emirates (UAE) has implemented several regulatory measures to align its economic policies with international standards. One such measure is the Economic Substance Regulation (ESR), which has profound implications for businesses operating in the region. This article delves into the nuances of the Economic Substance Regulation in Dubai, UAE, and highlights the pivotal role of consultants in navigating this regulatory landscape.

Click https://highmarkaccountants.com/compliance/economic-substance-regulationsers-services-in-uae/

The Genesis of Economic Substance Regulation

The Economic Substance Regulation was introduced in the UAE in 2019, in response to the European Union's concerns regarding the lack of economic substance requirements in jurisdictions with no or nominal taxes. The ESR aims to ensure that entities undertaking certain activities in the UAE have substantial activities and real economic presence in the region, rather than being used to artificially attract profits that do not reflect economic activity.

Key Components of the Economic Substance Regulation

The ESR applies to all UAE onshore and free zone companies that carry out relevant activities. These activities include:

Banking

Insurance

Investment fund management

Lease-finance

Headquarters

Shipping

Holding company

Intellectual property (IP)

Distribution and service centers

Entities engaged in these activities must meet specific substance requirements. They need to demonstrate that they are directed and managed in the UAE, conduct core income-generating activities (CIGA) within the UAE, and have an adequate number of qualified employees, incur adequate expenditure, and have adequate physical assets in the UAE.

Compliance and Reporting

Compliance with the ESR involves several steps:

Notification: Entities must notify the relevant regulatory authority of their activities.

Economic Substance Test: Entities must meet the economic substance requirements for their activities.

Annual Reporting: Entities must file an annual report demonstrating their compliance with the ESR.

Non-compliance can lead to significant penalties, including financial fines, exchange of information with foreign tax authorities, and potential suspension or non-renewal of the business license.

The Role of Consultants in Navigating ESR Compliance

Given the complexity and importance of the ESR, businesses often seek the expertise of specialized consultants in the UAE. These consultants play a crucial role in ensuring that entities understand and meet the regulatory requirements. Here’s how consultants add value:

Expert Guidance: Consultants possess in-depth knowledge of the ESR and stay updated with any changes or updates to the regulations. They provide expert guidance tailored to the specific needs of each business.

Risk Assessment: Consultants conduct thorough assessments to determine whether a business falls within the scope of the ESR and identify any compliance gaps that need to be addressed.

Documentation and Reporting: Consultants assist businesses in preparing the necessary documentation and ensure accurate and timely filing of notifications and annual reports. This reduces the risk of non-compliance and associated penalties.

Strategy Development: For businesses needing to enhance their economic substance, consultants help develop and implement strategies to meet the ESR requirements. This includes advising on the relocation of employees, restructuring of operations, and optimizing resources within the UAE.

Case Study: Successful ESR Compliance in Dubai

Consider a multinational corporation with a holding company and intellectual property assets based in Dubai. Faced with the challenge of meeting ESR requirements, the corporation engaged a leading consultancy firm in the UAE. The consultants conducted a comprehensive review of the company’s operations and identified several areas needing improvement.

The consultancy firm recommended relocating key management personnel to Dubai, enhancing local operational capabilities, and ensuring that core income-generating activities were conducted within the UAE. They also assisted in documenting all relevant activities and expenditures, ensuring robust evidence for the annual ESR report.

As a result, the corporation successfully met the ESR requirements, avoided penalties, and maintained its favorable tax position.

The Future of ESR in the UAE

The implementation of the Economic Substance Regulation marks a significant step towards greater transparency and alignment with international tax standards. As global regulatory landscapes continue to evolve, businesses in the UAE must remain vigilant and proactive in maintaining compliance.

Conclusion

The Economic Substance Regulation in Dubai, UAE, represents a critical component of the region’s commitment to international tax standards. For businesses, navigating the complexities of the ESR requires a strategic approach and often the expertise of seasoned consultants. By leveraging the knowledge and experience of consultants in the UAE, businesses can ensure compliance, mitigate risks, and capitalize on the opportunities presented by a robust regulatory framework.

Staying informed and prepared in this dynamic regulatory environment is key to sustainable success. Whether you are a multinational corporation or a local enterprise, understanding and complying with the ESR is essential for maintaining a strong and reputable presence in the UAE.

Click for accounting services in Dubai https://highmarkaccountants.com/

[kgrndeveloper]

Economic Substance Test UAE

The Economic Substance Test implemented by Economic Substance Regulation UAE helped bring more accountability to the taxation infrastructure in the UAE. It helped the country get off the EU’s tax Blacklist, and improve its credibility in the international market. ESR Notification UAE comes with two broad filing requirements that encourage companies to maintain an appropriate economic presence in the UAE. The Economic Substance Test is a part of these compliance formalities, and all eligible companies have to ensure they meet these requirements to stay on the right side of the law. In this article, we will take a look at the Economic Substance Regulations UAE Notification, and why it is so important. 

[kbaaccounting]

ESR Deadlines for notification filing to avoid penalties. Economic Substance Notification Due Dates in the UAE are released by most of the Regulatory Authorities in the UAE. ✅Support on Economic Substance Regulation in the UAE. CALL: +971 4 396 2233 Whatsapp: +971 55 618 2580 Email : info@kbame.com visit website https://www.kbame.com/economic-substance-regulations-in-uae/ (at Dubai, United Arab Emirates) https://www.instagram.com/p/CB2LrwdJH3m/?igshid=d5lskquucwuz

[farahatandco]

Dubai Aviation City Corporation (DACC) - ESR Deadline

#UAE #Economic #Substance #Regulation Update: Dubai Aviation City Corporation (#DACC) and Umm Al Quwain Freezone Authority (#UAQFZA) issue updates on Economic Substance Regulation (ESR) #deadline and submissions

Dubai Aviation City Corporation (#DACC) All Licensees which have a financial year commencing on or after 1 January 2019 and ending on or before 31 December 2019. #ESR Notification form to be filled in and signed by the Licensee. DEADLINE- 23 June #2020

[rvgcharteredaccountants]

Get Assistance with your ESR Compliances.

To know more about ESR compliance in UAE, 

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Learn more about Economic Substance Regulations

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For enquiries on ESR Assessment, Notification, or any other general ESR enquiry, please contact us.

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