Executive summaryIn April 2019, the United Arab Emirates (UAE) introduced the Economic Substance (ES) Regulations (ESR) through Cabinet of Ministers Resolution No. 31 of 2019. For background on the ESR and the UAE ES rules, see EY Global Tax Alerts, UAE issues guidance on economic substance rules, dated 18 September 2019 and UAE identifies Regulatory Authorities for Economic Substance Regulations, dated 27 November 2019.The UAE recently enacted significant changes to the ESR under Cabinet of Ministers Resolution No. 57 of 2020, dated 10 August 2020, together with guidance issued by the Ministry of Finance (MoF) under Ministerial Decision No. 100 of 2020, dated 19...