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
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.
The Economic Substance Regulations (ESR) in the United Arab Emirates (UAE) have introduced a framework to ensure that companies and establishments engaged in certain “relevant activities” meet the economic substance requirements. Compliance with ESR is essential to avoid sanctions and penalties. At Tulpar, we offer ESR Advisory Services to assist businesses in understanding, implementing, and complying with these regulations.
The ESR framework in the UAE requires companies and establishments involved in specific “relevant activities” to submit annual economic substance notifications and reports to the regulatory authority. Failure to comply with these regulations can result in sanctions.
At Tulpar, we provide comprehensive ESR Advisory Services tailored to your business’s specific needs: