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:
We are delighted to announce our new Tourist Visa Services, tailored to meet the travel needs of your family members, friends, or anyone you know. With our RAKEZ Tourist Visa packages, exploring the UAE, especially the beautiful emirate of Ras Al Khaimah, is now easier than ever. To celeb... Read More
We are delighted to announce our new Tourist Visa Services, tailored to meet the travel needs of your family members, friends, or anyone you know.
With our RAKEZ Tourist Visa packages, exploring the UAE, especially the beautiful emirate of Ras Al Khaimah, is now easier than ever. To celeb...
Dear Valued Client, The Ministry of Economy’s Telecommunications and Digital Government Regulatory Authority (TDRA) has introduced Cabinet Resolutions Nos. (56) and (57) of 2024 highlighting the regulations and penalties related to telemarketing practices in the UAE. <... Read More
Dear Valued Client, The Ministry of Economy’s Telecommunications and Digital Government Regulatory Authority (TDRA) has introduced Cabinet Resolutions Nos. (56) and (57) of 2024 highlighting the regulations and penalties related to telemarketing practices in the UAE. <...
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...