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Dubai International Finance Centre Extends Filing Deadline for Economic Substance Annual Notification to 30 June

10 June 2020

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Approved Changes

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Untd A Emirates

The Dubai International Finance Centre (DIFC) has updated its guidance on the Economic Substance Regulations (ESR), which includes that all DIFC entities are required to submit an economic substance notification by 30 June 2020 in the DIFC Client Portal. Previously, the deadline had been set at 12 June 2020. The 30 June deadline is in line with the industry advisory notification recently published by the Ministry of Finance. Note - The FAQ included as part of the DIFC ESR guidance has not yet been updated to reflect the change from 12 June to 30 June.