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:
Dear Valued Client, We would like to wish you and your family a blessed Ramadan! Please be informed that during the Holy Month, our offices will welcome you from Monday to Thursday, starting at 9:00 AM until 2:30 PM. Please note, the issuance of the last service tick... Read More
Dear Valued Client, We would like to wish you and your family a blessed Ramadan! Please be informed that during the Holy Month, our offices will welcome you from Monday to Thursday, starting at 9:00 AM until 2:30 PM. Please note, the issuance of the last service tick...
Dear Valued Client, Please be informed that all RAKEZ offices will be closed on Monday, 1 January 2024, to observe the New Year holiday. Our offices will resume work on Tuesday, 2 January 2024. You can continue submitting all your service requests through 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... 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...