Last year, the Ministry of Finance announced the submission of the ESR Notifications and Reports by the end of the year, December 31, 2020.
As a part of the continuous effort of the government to encourage the other nationalities to set up a company and enjoy the conducive legislative environment
The Economic Substance Regulations, which is also known as “ESR” was formally introduced to the United Arab Emirates through Cabinet of Minister Resolution No. (31) of 2019, on 30th of April 2019.
The United Arab of Emirates just recently replaced Cabinet Resolution No. 34 of 2020 to Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner
Notwithstanding the current pandemic that hits all around the world, it tends to be seen an expanding interest for firing up new organizations in the UAE.
Choosing to start a business in the UAE is a good decision and selecting a specific place inside Dubai will incredibly assist with achieving a
Year 2020 is definitely different from the usual years in the past. Who would have thought facing and living in a world with an unseen “foe”?
The continuous development of the emirate’s legislative framework is an indispensable factor in accomplishing the Dubai’s strategic objectives.
Due to the astounding infrastructure, geologically favorable circumstances, and gifted human resources, organizing a business here in Dubai is one of
The biggest highlight of 2020 has been the COVID-19 or the SARS-CoV 2 virus. The initial jolt caused by COVID-19 disrupted the normal functioning of life all around the world
In the year 2019, 30th of April, the Economic Substance Regulation, known as ESR were presented in the UAE through Cabinet of Minister Resolution No. 31 of 2019.
UAE has issued resolution in connection with Economic Substance Regulations last 30th April 2019 as a part of UAE’s efforts to comply with global standards that aim to combat harmful tax practices.
The new UAE bankruptcy law approved by the UAE Cabinet this week is likely to come into effect early next year.Obaid Humaid Al Tayer, Minister of State for Financial Affairs,
Under CRS - similar to the Foreign Account Tax Compliance Act introduced by the US to tackle tax evasion and target sources of undeclared wealth - foreign financial institutions (FFIs)
The Indian Consulate in Dubai has issued an advisory about unscrupulous shipping companies and agents following a huge number of complaints received recently from Indian seafarers in distress in the
