Experts offer guidance for businesses on UAE economic substance regulations
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Strict adherence to ESR requirements necessary, experts say
Strict adherence to ESR requirements necessary, experts say rohma@khaleejtimes.com Filed on February 10, 2021 The UAE Ministry of Finance (MoF) in August 2020 announced the details of the Cabinet Resolution No. (57) of 2020 concerning Economic Substance Regulations Companies across the UAE need to be up to date and comply with the UAE’s economic substance regulations (ESR) unless they want to incur heavy fines for their failure to comply, experts have said. In a recent webinar organised by the Dubai Chamber, in collaboration with Al Tamimi & Company, experts highlighted the late...
Source: khaleejtimes.com