To create a safer and more financially sound environment for businesses, a new cabinet resolution, also known as the UBO Resolution, came into place on August 28, 2020, regulating the reporting and…
Economic Substance Regulation (ESR) in the UAE: Discontinued for 2023 Onwards
This guide keeps the explanation of how ESR worked, for companies that still need to understand the 2019 to 2022 years. The section “What Applies Now” explains what replaced it.