Cabinet Decision No. 31 of 2019 mandated ESR (Economic Substance Regulation) compliance in the United Arab Emirates. This choice was made to create a stable national economy and to implement ESR across the country. As per the leading ESR consultation services such as Fortius, the ESR regulations adhere to the international norms established by the […]
The UAE Economic Substance Regulations are the most recent in a series of regulations to modernise the economy under international best practices. To demonstrate their seriousness about meeting the conditions set by the EU for being removed from the list of "non-cooperative" tax jurisdictions, the UAE enacted the Economic ESR on April 30, 2019. This […]
The amendments in the UAE ESR happened in April, 2019 with a view to create an uniform and fair taxation system pertaining to international standards. Presently, companies in the UAE subject to the Economic Substance Regulations (ESR) must demonstrate economic presence commensurate with the level and type of substantial economic activities they conduct. Newly adopted […]
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Fortius Consulting Services is a trusted name for business consulting and CFO services in the UAE, Singapore and India. Through our expert consulting and advisory services,we assist organisations across the UAE & Asia to boost their profitability, improve operational effectiveness, increase management capability, institutionalise strategies, and upgrade their internal structures.
