The ‘Economic Substance Regulations’ – a New Test for the UAE Companies. How does it apply?
Client update In 2019, the UAE Government issued a series of Directives and Resolutions, collectively referred to as the “Economic Substance Regulations” or the ESR. The purpose of the ESR is to curb harmful tax…
UAE Issues Waiver for Amendments to MOA of LLC’s
The UAE Ministry of Economy recently issued the ministerial resolution no. 694 of 2016 (the “Resolution”) which waives the requirement of amending the memorandum of association (“MOA”) of limited liability companies (LLC), joint liability companies,…