In this video, we will discuss the exempted licensee in the updated economic substance regulations. The new law clarifies which companies are not required to meet the economic substance test.

There is only 4 type of licenses that fall in this category.
1. An investment fund.
2. An entity that is a tax resident in a jurisdiction other than UAE
3. An entity
a. that is not part of a MNE Group;
b. whose activities are only carried out in the UAE; and
c. whose owners are residents of UAE.
4. An UAE branch of a foreign company, whose relevant income is subject to corporate tax in the country the foreign company is a tax resident in.

To read a quick summary on ESR click on this link - [ Ссылка ]

Click on this link to see the entire playlist -
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