Beneficial Owner (UBO) Procedures and Compliance Alert UAE
Background The UAE Ministry of Economy has enacted Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner (UBO) Procedures (the “Resolution”) coming into effect on
economic substance regulation
Important Amendments to UAE Economic Substance Regulations
Background On 10 August 2020, the UAE Cabinet of Ministers issued Cabinet Resolution No. 57 of 2020 (the “amended ESR”) which replaces the original Economic
Economic Substance Regulation- May Update
As a UAE registered entity, you will be affected by the Economic Substance Regulations. The first stage of the implementation will be to submit your
Economic Substance Regulations UAE Guidance Issued
Overview As of 30th April 2019, The UAE Cabinet introduced economic substance (“ES”) rules. Further guidance (Ministerial Decision No 215 For The Year 2019 On
UAE Economic Substance Regulations
Getting ready for the UAE Economic Substance Regulations The United Arab Emirates (UAE) Government has taken a progressive step in its commitment to comply with
