In this video, we will discuss the lease-finance business as a relevant activity in ESR. The economic substance regulations clearly explains what a "lease-finance" activity entails. It also details what the core income-generating activities (or CIGA's) are for a lease-finance Business.
If the business falls under the definition of a lease-finance business then, they must make sure that they conduct all the CIGA in UAE. The business must also make sure that it reports to the central bank, or the relevant authority in the free-zone, or the financial free zones for ESR purposes.
To read a quick summary on ESR click on this link - [ Ссылка ]
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Timestamp
0:00 Intro
0:17 What is a Lease Finance business for ESR?
1:18 Core Income Generating activity for a Lease Finance Business in UAE
2:04 Who should a lease finance business report to for ESR?
2:29 Outro
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To read a quick summary on ESR click on this link - [ Ссылка ]
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