Mansour Al Alami

Name	Mansour Al Alami
Your Country	United Arab Emirates
Company	E.I.M.S FEZ
Position	Managing Partner.
Gender	Male

Experience

An executive with 40 years of extensive experience in setting up businesses, improving efficiency, creating wealth, and managing change. Experience covers multi-national, multi-site operations in the oil & gas sector, service industry, trading, construction, transportation, financial and investment in the MENA region. These are augmented with detailed knowledge of commercial rules and regulations and close contacts at all levels.

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.

Mansour Al Alami

Mansour Al Alami

Let's Talk.

Send us your inquiry now!

NEDs and Economic Substance (“ESR”)