- Many UAE businesses are confused about Economic Substance Regulations (ESR) classification, notification, and filing, risking heavy fines for non-compliance.
- ESR non-compliance can result in penalties up to AED 50,000 for first offenses and AED 400,000 for repeated violations, plus possible license suspension.
Source: wboy.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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