As you are aware, the deadline for filing the Economic Substance Notification and Report is set to be on or before 31st January2021 for businesses with the calendar year-end. It is essential that all businesses in UAE are ready for the actual submission when the Ministry of Finance portal goes live during the first week of December 2020.
We understand that this is a recent and added matter for UAE-based businesses, and with the deadline fast approaching, we would like to extend our assistance with:
Assessing your obligations under the Economic Substance Regulations
Conducting an Economic Substance impact assessment to consider whether your business meets the ES test for each relevant activity as per the new Cabin