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Distribution and Service Centre Business

Distribution and Service Centre Business means a centre that carries any of the following businesses: Core Income Generating Activities A Distribution and Service Centre Business performs any of the following activities: Special points to consider To prevent duplicate reporting, Licensees engaged in Banking, Insurance, Investment Fund Management, Lease-Finance, Shipping, Intellectual Property or  Headquarter  Business and …

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ESR – Lease–Finance Business

Definition Lease-Finance Business encompasses Licensees that offer credit or financing* for any kind of consideration**, and includes financing to Connected Persons  (e.g., intra-group financing).    *Offering credit or financing includes:   **Consideration includes: Core Income Generating Activities (CIGA’s) • Agreeing funding terms • Identifying and acquiring assets to be leased (in the case of leasing) • Setting …

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ESR – Investment Fund Management Business

Definition The definition of an Investment Fund Management Business encompasses Licensees that provide discretionary investment management services in relation to domestic or foreign “Investment Funds”. It includes making investment, divestment and risk related decisions on behalf of an Investment Fund Core Income Generating Activities (CIGA’s) • Taking decisions on the holding and selling of investments …

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ESR- Intellectual Property Business

Definition A UAE business is regarded as carrying on an Intellectual Property Business if it holds, exploits, or receives gross income from “Intellectual Property Assets*”. An Intellectual Property Asset is defined as any intellectual property right in intangible assets, such as copyrights, patents, trademarks, brands, and technical know-how, from which the Licensee earns separately identifiable …

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