Economic Substance Regulation was implemented by The UAE in 2019. As per the Regulation the entities in UAE are required to keep a sustained economic presence, proportionate to the activities they involved in. Of course, the rule is applicable to all onshore and free zone organisations. In a word, keeping financial and economic transactions are closely monitored by the authorities and even human errors may put a company in trouble. Therefore, it is wise to associate with Opulence, one of the top audit firms in Dubai.
