Demystifying ESR and UBO Regulations in UAE
Locations:
GoTo Webinar
Start Date:
4/26/2021 11:00 AM
End Date:
4/26/2021 12:00 PM
In March 2021, UAE as well as other 11 tax havens commenced their first exchange of information relating to economic substance. Therefore, it is critical for multinational group to be compliant with Economic Substance Regulation (ESR) in UAE and take corrective measures on immediate basis to mitigate challenges at global level. With first compliance season completed on 31 January 2021, it is recommended to plan early for the second compliance season which is due on 30 June 2021.
Additionally, to enhance transparency of entities registered in UAE, UAE ministry also introduced Ultimate Beneficial Owner (UBO) Regulation in 2020. While objective of ESR and UBO are similar, it would be interesting to analyse common requirement of both Regulations to avoid duplicating the efforts.
Agenda:
- Coverage of ESR and key compliance requirements
- Common mistakes from the licensees & practical challenges in demonstrating substance
- Case studies for few Relevant Activities
- Compliance requirement of UBO and interplay with ESR
- Q & A session and way forward
Date: Monday 26 April 2021
Time: 11.00 AM to 12.00 PM UAE Time
Platform: GoTo Webinar
|
|
