Our expert consultants will advise and implement UAE economic substance rules and regulations to meet the ministry of finance guidelines to entities registered in the United Arab Emirates.

The first reportable period is from 1 January 2019 to 31 December 2019, subject to financial year as per the Memorandum and association and entity commencement articles.

The Regulations apply to companies and other business forms registered in the UAE, including in a Free Zone or in a Financial Free Zone, that carry out any of the following Relevant Activities.

  • 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

UAE businesses must use a ‘substance over form’ approach to determining whether they undertake a Relevant Activity and, as a result, are within the scope of the Regulations.

This determination would require the UAE business not only to consider the activities stated under their commercial license or registration certificate but also to assess the activities carried out during a financial period.

For assessment, consultation for Economic Substance Test UAE and implementation of UAE economic substance regulations by our expert ESR consultants, please contact us or e-mail us to info@alphaequitymc.com 


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