Hedge Funds & Alternative Investments
Regulation, Risk & Compliance
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A fundamental change to doing business in the UAE: The new Economic Substance Regulations (ESRs)
The ESRs take aim at "light footprint" presences in the UAE taking advantage of the jurisdiction's lack of taxation, with substantial penalties for non-compliance. Following mounting pressure from the European Union (EU), including placing the United Arab Emirates (UAE) on a tax avoidance "black list", the UAE in 2019 passed…
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