UAE ESR: FAQ on Filing Notifications

UAE ESR: FAQ on Filing Notifications

What is the purpose of the Notification? The purpose of the Notification is to provide the Regulatory Authorities with certain initial information in respect of Licensees and their activities in the UAE for the relevant Reportable Period. The information provided as...
UAE ESR Filing Deadline – 31 December 2021

UAE ESR Filing Deadline – 31 December 2021

UAE companies are encouraged to review their obligations under the Economic Substance Regulation (ESR). By 31 December 2021, ESR filings must be submitted through the Ministry of Finance Portal. Noncompliance may result in significant penalties. Overview In response...
ESR Update – Appeal User Guide

ESR Update – Appeal User Guide

What are the steps in filing an appeal? Since all submittals of ESR Notifications and ES Reports are done through the Ministry of Finance (“the MOF”) portal, Licensees and Exempted Licensees must log in to their existing accounts on the MOF portal to submit the...
ESR: Relevant Activities Flowchart

ESR: Relevant Activities Flowchart

The Regulations require UAE onshore and free zone companies and certain other business forms that carry out any of the defined “Relevant Activities” listed below to maintain and demonstrate an adequate “economic presence” in the UAE relative to the activities they...
(ESR) Notification filing

(ESR) Notification filing

It is time to conduct the review of the business to assess ESR applicability. In case there are any Relevant Activities, the business may be required to submit a ESR notification on or by 30 Jun 2021. The period under review will be Jan 1, 2020 to Dec 31, 2020. In...