Yann Mrazek

OPED: WORK HARD, WORK SMART! | What does the new working week means for the UAE?

9 December 2021

Archived: NED's Articles

OPED: “Brick by brick, my citizens” – which strategic policy change can boost the UAE’s ‘Going Global’ initiative?

15 September 2021

Archived: NED's Articles

The UAE Foundation Boom − Here to Last! − 11.03.21

12 March 2021

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Real Estate Brokers: Adapt or Perish?

14 February 2021

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From house of cards to house of bricks Real Estate brokers: optimize your operating structure!

14 January 2021

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Families: Time to Optimise your SFO! With M/HQ

25 August 2020

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Challenging times? Think and act like a Hedgehog!

7 April 2020

In a matter of days, the COVID-19 Pandemic has had a dramatic effect on regional businesses. The slowdown is palatable across most industries. Delayed payments will inevitably put extraordinary stress [...]

Archived: NED's Articles

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.