Economic Substance Regulations (ESR) -Middle East Corporate Services

The UAE applies Economic Substance Regulations (ESR) to local companies located in the country, including businesses in the free zones and those engaged in any of the defined ‘relevant activities’.
These companies must provide the regulatory authorities with economic substance notifications, including preliminary information about the activities. This notification is a prerequisite for submitting an economic substance report by the company.
The submission deadline for the Economic Substance Regulation (ESR) Annual Notification for the Financial year-end 31st March 2023 is 30th September 2023.The deadline for Annual Reporting for the Financial year-end 30th September 2022 is also 30th September 2023. So you must finalize your report as soon as possible.
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