
What Does ESR Stand For In The UAE?
In the UAE, ESR refers to the Economic Substance Regulations, a framework established to curb the shifting of profits by multinational corporations to low or no-tax jurisdictions. Implemented in 2019, these regulations require businesses engaged in certain activities to maintain a significant economic presence in the UAE. The aim is to ensure that profits align […]
Published 19 January 2024, 8 minute read.