Economic Substance Regulations

The UAE cabinet issued economic substance regulations which require UAE entities carrying out one or more “Relevant Activities” to substantiate adequate economic substance in the UAE and report actual profits that are commensurate with the economic activity undertaken within the UAE.

What are the Relevant Activities?

  • Banking activities
  • Insurance activities
  • Fund management activities
  • Financing or leasing activities
  • Headquarters activities
  • Shipping activities
  • Holding companies
  • Intellectual property (“IP”) holding or exploitation
  • Distribution of goods purchased from foreign connected persons
  • Provision of services to foreign connected persons

The law requires onshore and free zone companies (referred to as ‘licensees’) carrying out a relevant activity to file a notification (within 6 months from the end of reporting period), and a report (within 12 months from the end of the reporting period).

We at Evas International, assist you in fulfilling these legal requirements, as well as ensure future compliance by providing the below services:

  • Assess and report on the applicability of ESR
  • File the ESR notification for the applicable relevant activity
  • Claim available exemptions for the licensee
  • Complete the reporting of relevant income as per the ESR requirements
  • Checking your MoF corporate account for any updates that need to be addressed
  • Assistance in appeals and revisions

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    Corporate tax Taxable income Tax deductions Tax credits Double taxation Taxable profits Tax planning Transfer pricing Dividend taxation Capital gains tax Thin capitalization Depreciation allowances Audit Financial statements Internal controls Compliance Risk assessment Taxation Income tax Tax returns Tax deductions Tax credits Tax planning Tax liabilities Tax audits Tax compliance Tax regulations Tax law Tax codes Tax exemptions Taxable income Tax implications
    Corporate tax Taxable income Tax deductions Tax credits Double taxation Taxable profits Tax planning Transfer pricing Dividend taxation Capital gains tax Thin capitalization Depreciation allowances Audit Financial statements Internal controls Compliance Risk assessment Taxation Income tax Tax returns Tax deductions Tax credits Tax planning Tax liabilities Tax audits Tax compliance Tax regulations Tax law Tax codes Tax exemptions Taxable income Tax implications
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    Select topics and stay current with our latest insights

      Consult With US
      Corporate tax Taxable income Tax deductions Tax credits Double taxation Taxable profits Tax planning Transfer pricing Dividend taxation Capital gains tax Thin capitalization Depreciation allowances Audit Financial statements Internal controls Compliance Risk assessment Taxation Income tax Tax returns Tax deductions Tax credits Tax planning Tax liabilities Tax audits Tax compliance Tax regulations Tax law Tax codes Tax exemptions Taxable income Tax implications
      Corporate tax Taxable income Tax deductions Tax credits Double taxation Taxable profits Tax planning Transfer pricing Dividend taxation Capital gains tax Thin capitalization Depreciation allowances Audit Financial statements Internal controls Compliance Risk assessment Taxation Income tax Tax returns Tax deductions Tax credits Tax planning Tax liabilities Tax audits Tax compliance Tax regulations Tax law Tax codes Tax exemptions Taxable income Tax implications
      Corporate tax Taxable income Tax deductions Tax credits Double taxation Taxable profits Tax planning Transfer pricing Dividend taxation Capital gains tax Thin capitalization Depreciation allowances Audit Financial statements Internal controls Compliance Risk assessment Taxation Income tax Tax returns Tax deductions Tax credits Tax planning Tax liabilities Tax audits Tax compliance Tax regulations Tax law Tax codes Tax exemptions Taxable income Tax implications
      Corporate tax Taxable income Tax deductions Tax credits Double taxation Taxable profits Tax planning Transfer pricing Dividend taxation Capital gains tax Thin capitalization Depreciation allowances Audit Financial statements Internal controls Compliance Risk assessment Taxation Income tax Tax returns Tax deductions Tax credits Tax planning Tax liabilities Tax audits Tax compliance Tax regulations Tax law Tax codes Tax exemptions Taxable income Tax implications
      Corporate tax Taxable income Tax deductions Tax credits Double taxation Taxable profits Tax planning Transfer pricing Dividend taxation Capital gains tax Thin capitalization Depreciation allowances Audit Financial statements Internal controls Compliance Risk assessment Taxation Income tax Tax returns Tax deductions Tax credits Tax planning Tax liabilities Tax audits Tax compliance Tax regulations Tax law Tax codes Tax exemptions Taxable income Tax implications

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