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Economic Substance Regulations

The Economic Substance Regulations (ESR) were introduced in the United Arab Emirates (UAE) via Cabinet Decision Number 31 of 2019, prompted by scrutiny from the European Union and the UAE’s OECD membership. Both onshore and free zone businesses will fall under these regulations, aiming to curb tax evasion and ensure fair tax payments. The UAE government has replaced the old ESR laws with Cabinet Resolution No. 57 of 2020, effective from January 1, 2019, providing clarity on the updated regulations.

How does the UAE's Economic Substance Regulations process benefit your company's growth?

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How Accruon Consultant can assist your company??

The ESR will be enforced annually for all UAE enterprises. Consequently, organizations will need to address these reports yearly. Accruon’s professionals will familiarize themselves with your company and offer tailored solutions. We are equipped to analyze all your company’s activities to ensure compliance with the law. For more information on ESR in the UAE, feel free to reach out to us.