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Le Bouc Ronan

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Le Bouc Ronan

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Name

Le Bouc Ronan

Your Country

United Arab Emirates

Company

Office S.A.

Position

Director

Gender

Male

Core Industries

Finance, Investment Management

Experience

Accomplished financial services professional with cumulative industry experience of over thirty years
Capacity to assist investment funds in cross-border distribution.

Board positions:

Non-Executive Board Director on a number of corporate entities domiciled in Luxembourg notably

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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