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    Published in: Economic Substance / Tax

    UAE ESR Update: ESR Notification Deadline Tracker [5.0]

    Author M/HQ Publications
    Published on:

    DACC has issued a new circular stating that the deadline for the ESR filing obligations of its Licensees has been extended to 23 June 2020.

    Umm Al Quwain Freezone authority has also issued an update requesting its Licensees to complete the submission of their ESR Notification Forms by 30 June 2020.

    ESR took effect on 30 April 2019. There are a number of actions which relevant Licensees must be undertaking to ensure compliance – from clarifying their entity classification, to the structuring of contractual and delegation arrangements, the review and organization of their internal governance, their employment and premises arrangements and the capturing of relevant business information which will be required for the preparation and filing of reporting information to the Regulatory Authority.

    The ESR Notification is the first step for Licensees to comply with ESR obligations, and serves as the self-declaration of whether Relevant Activities are performed in the UAE. Failure to complete and submit the Notification may result in penalties.

    Below is the updated ESR Tracker with information on all relevant Regulatory Authorities.

    Authority Applies to who? Mode of submission Notification Deadline
    Abu Dhabi Global Market (ADGM) Only the Licensees who undertake a Relevant Activity ESR Notification form to be filled in and signed by the Licensee. Email the form to economicsubstance@adgm.com 30 June 2020
    Dubai International Financial Center (DIFC) All Licensees ESR Notification form to be filled in and signed by the Licensee. Details to be uploaded on the DIFC portal 30 June 2020
    Dubai Multi Commodities Center (DMCC) All Licensees incorporated on or prior to 31 December 2019 ESR Notification form to be filled in and signed by the Licensee. Details to be uploaded on the DMCC portal 30 June 2020
    Dubai Aviation City Corporation (DACC) All Licensees which have a financial year commencing on or after 1 January 2019 and ending on or before 31 December 2019. ESR Notification form to be filled in and signed by the Licensee. Email the form to economic.substance@dacc.ae 23 June 2020
    Dubai Airport Freezone Authority (DAFZA) Only the Licensees who undertake a Relevant Activity All Licensees have received an email from DAFZA with the steps to be taken/method of filing 31 May 2020
    Dubai World Trade Centre Freezone (DWTC FZ) Only the Licensees who undertake a Relevant Activity All Licensees have received an email from DWTC FZ with the steps to be taken/method of filing 30 June 2020
    Dubai Development Authority (DDA) Only the Licensees who undertake a Relevant Activity ESR Notification form to be filled in and signed by the Licensee. Details to be uploaded on the DDA portal 25 June 2020
    Dubai Health Care City (DHCC) Only the Licensees who undertake a Relevant Activity Details to be uploaded on the DHCC portal 15 June 2020
    Department of Economic Development (DED) – Dubai Only the Licensees who undertake a Relevant Activity ESR Notification form to be filled in and submitted by the Licensee here 30 June 2020
    Jebel Ali Freezone Authority (JAFZA) Only the Licensees who undertake a Relevant Activity The ESR Notification can be submitted through the email Jafza.Lease-License@Jafza.ae 30 June 2020
    Sharjah International Airport Freezone (SAIF) Only the Licensees who undertake a Relevant Activity All Licensees have received an email from SAIF with the steps to be taken/method of filing 30 June 2020
    Ras Al Khaimah International Corporate Centre (RAKICC) All Licensees – to be done via the Registered Agent ESR Notification form to be filled in and signed by the Licensee. Details to be uploaded on the RAK ICC portal 30 June 2020
    Ras Al Khaimah Economic Zone (RAKEZ) All Licensees ESR Notification form to be filled in and signed by the Licensee. Details to be uploaded on the RAKEZ portal 30 June 2020
    Fujairah Freezone All Licensees ESR Notification form to be filled in and signed by the Licensee. Email form to freezone@emirates.net.ae 15 June 2020
    Ajman Freezone All Licensees All Licensees have received an email from the Freezone with the steps to be taken/method of filing 30 June 2020
    Umm Al Quwain Freezone (UAQ) Only the Licensees who undertake a Relevant Activity with financial years ending as of 31 December 2019 ESR Notification form to be filled in and signed by the Licensee. Details to be uploaded on the UAQ FZA Portal – Here 30 June 2020

    See our Mail Alert Get in touch – To get the latest Mail Alerts

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