Economic Substance Regulations ESR on Investment Businesses
Understanding the Impact of Economic Substance Regulations ESR on Investment Businesses You might be aware that UAE is a member of Organization for Economic Co-operation and Development (OECD) Inclusive Framework on Base Erosion and Profit Shifting (BEPS). In a recent development, UAE has introduced the Economic Substance Regulations (ESR) and experts feel that this development can be significant in this industry. This introduction of ESR has dragged the attention of market gurus as well as of those numerous companies which are in the investment business. Consequently, it has become essential that the investment companies re-look their functioning and study their business in the light of this development. If you manage such a business, you can largely benefit from this article and therefore, we insist that you read this article. This article not only highlights and studies the impact of Economic Substance Regulations ESR on different businesses engaged in investment activi...