On 30 April 2019, the UAE introduced Economic Substance Regulations (ESR) under the Cabinet of Ministers Resolution No.31 of 2019. The Regulations require ALL UAE licenced entities to comply with notification and return filing obligations and those that carry out any of the ‘Relevant Activities’ to maintain an adequate ‘economic presence’ in the UAE. A list of ‘Relevant Activities’ can be found in the RAKEZ ESR Guidance HERE. All UAE licenced entities are required to submit an annual notification (regardless of being exempt or not earning income), i.e. the ‘ESR Submission’. Please submit your notification by clicking HERE. ESR Submission must be filed no later than the 30th of June 2020. UAE licenced entities that are not exempt and undertake a Relevant Activity from which they earn income during a relevant Financial Year, will be further required to: Meet economic substance requirements. File an Economic Substance Regulations Return ‘ESR Return’. For all ESR enquiries please email rakezesr@rakez.com.
On 30 April 2019, the UAE introduced Economic Substance Regulations (ESR) under the Cabinet of Ministers Resolution No.31 of 2019. The Regulations require ALL UAE licenced entities to comply with notification and return filing obligations and those that carry out any of the ‘Relevant Activities’ to maintain an adequate ‘economic presence’ in the UAE. A list of ‘Relevant Activities’ can be found in the RAKEZ ESR Guidance HERE. All UAE licenced entities are required to submit an annual notification (regardless of being exempt or not earning income), i.e. the ‘ESR Submission’. Please submit your notification by clicking HERE. ESR Submission must be filed no later than the 30th of June 2020. UAE licenced entities that are not exempt and undertake a Relevant Activity from which they earn income during a relevant Financial Year, will be further required to:
The UAE Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) has increased their immigration file renewal service fee by AED 50 across the UAE. This notice is to inform you that the additional fee will be reflected in your licence renewal. Thank you for your u... Read More
The UAE Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) has increased their immigration file renewal service fee by AED 50 across the UAE. This notice is to inform you that the additional fee will be reflected in your licence renewal.
Thank you for your u...
Al Qasimi Foundation, in collaboration with the Ras Al Khaimah HR Department and RAKEZ, is organising an awareness session to companies operating in the private sector, to learn more about NAFIS programme. You are invited to attend the session to understand the programme in-depth and learn about ... Read More
Al Qasimi Foundation, in collaboration with the Ras Al Khaimah HR Department and RAKEZ, is organising an awareness session to companies operating in the private sector, to learn more about NAFIS programme. You are invited to attend the session to understand the programme in-depth and learn about ...
We are glad to inform you that RAK Terry Fox Run is happening once again in November! You are invited to be a part of this charity fun-run event which is aimed at funding cancer research programmes. Your involvement can have a meaningful impact. The event will be held under the patronage ... Read More
We are glad to inform you that RAK Terry Fox Run is happening once again in November! You are invited to be a part of this charity fun-run event which is aimed at funding cancer research programmes. Your involvement can have a meaningful impact.
The event will be held under the patronage ...