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Economic Substance Rules – Its Affect On UAE Business Owners

Economic Substance Rules – Its Affect On UAE Business Owners

Submitted by • February 18, 2020

The UAE government in April 2019 had introduced Economic Substance Rules. Companies, both free zone and onshore based ones carrying out relevant activities and registered within the country are active and investing in the country are to abide by the new laws.Rules had been introduced besides international scrutiny with regards to non-domiciled directors who were using business environment of UAE merely for tax purposes.

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