Does a RAK ICC company still file economic substance reports?
Last updated: Oct 21, 2026, 17:46 (UTC+08:00)
Not for financial years starting after 31 December 2022, following Cabinet Resolution No. 98 of 2024. Earlier years can still be reviewed, so close any open 2019–2022 filings. Substance now matters mainly through corporate tax rules.
Source: Economic Substance Regulations (ESR), Ministry of Finance, UAE