Economic Substance Regulation
The UAE issued economic substance regulations (the “Regulations”) in April 2019, amended by Cabinet Resolution No.57 of 2020 in August 2020, which introduced a requirement for UAE entities to maintain an adequate “economic presence” in the UAE relative to the activities they undertake.
The UAE economic substance requirements apply to all UAE onshore and free zone companies and certain other business forms that undertake one or more “Relevant Activity” for financial years commencing on or after 1 January 2019.
The Aspire Consulting is a leading Management Consulting firm is UAE, with a presence across India, UAE, European and Far-east countries etc.
Collectively, we serve a credible base of clients in various sectors including FMCG, Manufacturing, Shipping & services etc.
Meet the Team
Associate Chartered Accountant
3 years of Experience
Fellow Chartered Accountant
7years of Experience
Fellow Chartered Accountant,
7 years of experience