Entities earning income from any Relevant Activity(ies) must file a report on the Ministry of Finance’s (MoF) online Economic Substance Regulation (ESR) portal within twelve (12) months of the end of the relevant fiscal year. As part of this filing, entities are required to disclose
various details, including:

• Whether they have met the Economic Substance Tests (ES Tests)
• Details of outsourced service providers (if applicable)
• Specific Core Income Generating Activities (CIGAs) conducted
• Operating expenditure and the number of full-time employees for each Relevant Activity
• Information about the parent, ultimate parent, and ultimate beneficial owner(s).

HARBINS will ensure all of these requirements are met for you, providing comprehensive support throughout the process