UAE2019years4month30The issue of the No31Resolution "Economic Substantive Legislation". The UAE Ministry of Finance requires all companies in the UAE to2020years6month30Submit a statement of economic substance to the licensing authority (the place where the customer is registered, e.g., the centre of global trade in goods) by the date of the date from which the regulations apply2019years1month1The UAE entity for the fiscal year starting today requires companies carrying out relevant activities to maintain an appropriate economic presence in the country in relation to the activities they are engaged in, defines the scope of relevant economic activities and the relevant core income-generating activity tests (CIGA). If it is not submitted on time, the first stage penalty is1wan-5Wandiram.

To carry out relevant activities in the UAE, the company must comply with the Economic Real Code investigation: the direction and management of specific activities in the UAE, the core income-generating activities in the UAE for the specific business, adequate qualified employees, premises and annual operating expenses. Therefore, Chinese companies operating in the UAE should submit the report of economic substantive investigation as soon as possible to avoid the delay or failure to declare economic substantive laws and regulations resulting in fines.

CycloseFocusing on providing company audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many large state-owned enterprises and listed enterprises.