Economic Substance Regulation – Holding Company Business

What do we mean by a holding company business under ESR? ;

A Holding Company Business, is defined under Article one, of the Regulations as a business; :
1. Has as its primary function; the acquisition and holding of shares or equitable interests; in other companies
2. Is a Holding Company in accordance with; the law applicable to the Licensee; carrying out such activity
3. Does not carry on any other commercial activity
Link for- Economic Substance Regulation (ESR) in the UAE:-chttps://youtu.be/b20ss280Eaw
Link for- Shipping Business:- https://youtu.be/8EITmYZcQAw
Link for- Distribution and Service Centre Business:- https://youtu.be/IpGqqduyg2g

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