
UAE’s Ministry of Economy steps up campaign on ownership rules
Free zone companies face substantial fines if they haven’t registered details of ownership with licensing authorities by June 30
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*List effective from 13 July 2021
Source: Visit Abu Dhabi

Free zone companies face substantial fines if they haven’t registered details of ownership with licensing authorities by June 30

You may be aware that UAE Economic Substance Requirements (‘ESR’) compliance is required to be made on an annual basis

On January 31, the UAE Ministry of Finance made a landmark announcement regarding the introduction of the Federal UAE Corporate