Economic Substance Regulations

The UAE introduced a Resolution on the Economic Substance (Cabinet of Ministers Resolution No.31 of 2019, the “Regulations”) on 30 April 2019. The Regulations require UAE onshore and Free Zone Companies and other UAE business forms that carry out any of the “Relevant Activities” listed below to maintain an adequate “economic presence” in the UAE relative to the activities they undertake. Accordingly an Economic Substance Notification must be filed.

Economic Substance Regulations Notification Template

THE TEMPLATE CAN BE DOWNLOADED FROM THE LINK BELOW.

Economic Substance Regulations Report Template

THE TEMPLATE CAN BE DOWNLOADED FROM THE LINK BELOW.

Ministry of Finance Circular

LEARN MORE ABOUT THE ECONOMIC SUBSTANCE FILING REQUIREMENTS