Economic Substance Regulations

Requirements to be met by entities in the UAE.

UAE entities that engage in a Relevant Activity and earn income during a financial year must demonstrate the performance of “Core Income Generating Activities” (CIGAs) in the UAE by fulfilling the following conditions:

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An entity can be involved in multiple Relevant Activities simultaneously, and in such cases, it must satisfy the economic substance requirements for each Relevant Activity separately, The economic substance requirements differ depending on the nature of the Relevant Activity being carried out. Our professionals help identify whether your company’s activities fall under relevant activities of ESR, and then help you through the process of submitting the required documents to ensure successful ESR adherence.

The entity and Relevant Activity are "directed and managed" from the UAE, which involves holding and documenting board meetings in the UAE, having UAE-based managers and/or directors, among other factors.

• The entity must have an adequate number of qualified employees, premises (such as office space), and annual operating expenditures in the UAE relative to the specific activity undertaken.

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ATC Group was incorporated in 1997 in the Arab Republic of Egypt, and has since rapidly expanded across the country and the middle east. ATC is a member of the Geneva Group International (GGI) global network,

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