ESR Notification Due on or before June 30, 2021
ESR Annual Reporting Due on or before December 31, 2021
Announcement!Pursuant to UAE Economic Substance Regulations (Cabinet Resolution No.57 of 2020 as updated by Ministerial Decision No.100 of 2020), filing of the ESR Notification for Companies which financial year ended on December 31, 2020, should be not later than June 30, 2021, and ESR Annual Return submission should be not later than December 31, 2021. Failure to submit ESR Notification and ESR Annual Return on time entails administrative penalty of AED20,000 and AED50,000, respectively.
For Further assistance with the ESR Notification and Reporting please speak with our ESR Consultants.