Offenses and penalties for failure to submit an Economic Substance Report

Economic Substance Regulations UAE

The Economic Substance Regulations (ESR) were put in place by the UAE government to curb unfair commercial exercises. ESR in UAE is a set of guidelines that correlate to specific types of businesses. ESR’s main goal is to promote economic growth while regulating and overseeing all free zone and onshore legal entities’ operations. The law … Read more