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Jun
24

Joint Webinar: Economic Substance Regulation Update



DATE : June 24, 2020
TIME : 02:00 - 03:00



VENUE

Abu Dhabi, U.A.E.


Canadian Business Council (CBC) in collaboration with PKF International Limited and participating business councils/groups  invites you for a joint webinar on "Economic Substance Regulation Update (ESR)".
As per the Economic Substance Regulation, all UAE onshore and free zone companies and other UAE business forms are required to notify to the Relevant Authorities as to whether they are conducting the relevant activity or not as per the regulation and required to file the necessary details as mentioned in the notification form. The notification deadline for entities licensed in   Abu Dhabi Global Market (ADGM) is 30 June 2020.

Expert speaker, Sarika Dhameja, Head of Tax Services, PKF will be presenting the following topics: 
  • Brief background on the introduction of ESR in the UAE
  • Overview of ESR rules implemented in UAE comprising of 9 relevant activities: banking, insurance, fund management, lease-finance, headquarters, shipping, holding company, intellectual property (IP) and distribution and service center
  • Requirements of ESR
    • Conduct CIGAs in the UAE
    • Demonstrate fulfilling of Substance Test pertaining to relevant activities conducted in the UAE
  • Reporting requirements
    • Compliance
      • Filing of Notification as per prescribed timelines
      • Filing of the detailed report if UAE entity conducts the relevant activity
    • Penalties for Non-compliance
Speaker:

Moderator:

    
Sarika Dhameja
Head of Tax Services,  PKF UAE  
Bio

Sameer Khoury 
Treasurer and Board Director, CBC Abu Dhabi 
Bio

Participating Business Councils:
  • AmCham Abu Dhabi
  • British Business Group Abu Dhabi
  • Canadian Business Council Abu Dhabi
  • Pakistan Business Professional Council
  • Swiss Business Council Abu Dhabi

Webinar details:
Date: Wednesday, June 24, 2020
Time: 2:00 pm - 3:00 pm
Cost: Free for AmCham Abu Dhabi Members and Non-Members
RSVP:  No later than 5:00 pm on Tuesday, June 23, 2020
Where: Google Meet

 

REGISTER NOW


Cancellation Policy: Cancellations must be in writing to admin@amchamabudhabi.org two business days prior to an event.