The Regulations require companies and other business forms registered in the UAE that carry on one or more “Relevant Activities” (together, “Relevant Activities”), to have economic substance in the UAE in relation to these activities, and to comply with notification and return filing obligations. Such businesses are referred to in the Regulations and this document as “Licensees”.
To support UAE businesses in understanding the scope and application of the Regulations, this article provides additional guidance on the “Relevant Activities” and their associated “Core Income-Generating Activities” (“CIGAs”).