Startups, entrepreneurs and company owners need to be aware that credibility and substance is vital toward building and sustaining a business.
In light of the recent reports the European Union has added 10 jurisdictions to a draft tax haven blacklist, including disappointed nations such as: Bermuda, Oman and the UAE. What does economic substance mean? Why it is more important than ever for UAE companies? How much substance is enough for your Dubai company? We take a closer look at ways to ensure your company and bank account stay on the right side of the newly publicized substance tests and examine the issue of Economic Substance.