Financial Consultation in Dubai, Abu Dhabi, Sharjah, UAE
Economic Substance Regulation: Why You Should Not Delay In Filing If you run a business in Sharjah, UAE, you must have heard of the ESR (Economic Substance Regulations). Complying with these rules is a must to help jurisdictions that offer low tax liabilities to manage their businesses. Businesses should go for third-party economic substance regulation services from firms like Spicer Pegler to maintain a record. The Areas Covered in the ESR The Organization for Economic Cooperation and Development lays down rules for companies to conduct their duties in their country or jurisdiction. It states this to ensure businesses get registration in the country and not just for tax benefits. In recent times we are seeing a change in this ESR, to be precise, on the 30th April 2019 when the UAE laid down special rules for the businesses based here. The firms doing business in core revenue-generation areas like finance, banking, investment, shipping, and distribution services ...