Click here to see newly released Guidance On 30th April 2019 the United Arab Emirates (UAE) issued the Cabinet of Ministers Resolution No. 31 of 2019 concerning economic substance regulations in the UAE (the “New Law”). The New Law creates the basis for the UAE to meet the requirements of the European Union Code of …

On 30 April 2019, the UAE Cabinet issued Resolution No.31 of 2019 (concerning economic substance regulations in the UAE, the “Regulations”) requiring all in-scope UAE entities (“Relevant Entities”) that carry on certain activities (“Relevant Activities”) to have demonstrable economic substance in the UAE from 30 April 2019.   Why these new Regulations? The introduction of the Regulations follows successive …