Requirements to meet Economic Substance Test in Dubai, UAE

A Licensee meets the Economic Substance Test in Dubai, UAE concerning a Relevant Activity in the following cases:-

• The business conducts Core Income-Generating Activity in the country.
• The enterprise is directed and managed in the State concerning that activity, provided the business’s board of directors meets in the country at an adequate frequency having regard to the amount of decisions required at that level.
• A sufficient number of qualified full-time employees concerning that activity are physically present in the country, or adequate level of expenditure on outsourcing to third-party service providers whose activities, employees, disbursement, and premises are in the State, and these are adequate for carrying out the Relevant Activity.
• A sufficient operating expenditure incurred by it in the State or sufficient level of expenditure on outsourcing to third-party service providers whose activities, employees, disbursement, and premises are in the State; and these are adequate for carrying out the Relevant Activity.
• Sufficient physical assets in the State or level of disbursement on outsourcing to third-party service providers in the State, for the activities of the business;
• In the case of State Core, Income-Generating Activity carried out for the relevant Licensee by another business, if it can monitor and control the carrying out of that activity by the other enterprise.