Economic Substance Efficient Recording Practices

Optimizing Compliance Economic Substance Recording Essentials

    Economic Substance Recording

    The UAE issued economic substance regulations (the “Regulations”) in 2019. which introduced a requirement for UAE-registered businesses to maintain an adequate “economic presence” in the UAE relative to the activities they undertake.

    As a result, businesses in Dubai will need to assess and undergo tests and meet the economic substance requirements to ensure that their activities fall within the scope of the “Regulation”. At Jozef, we can assist you with these procedures for optimal results.

    Our Economic Substance Recording (ESR) services include:

    • Administrating Annual Economic Substance Tests
    • Documentation and Report Filing to the Federal Tax Authority in the UAE
    • Strategy and Procedural Services
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