Our Approach

Tailored Advisory Services for ESR Compliance

We adopt a systematic approach to provide tailored advisory services that ensure your compliance with the ESR. Our process involves understanding your business structure, operations, and the nature of activities conducted in the UAE to offer comprehensive and practical guidance.

Enquire Now ->

services

1. ESR Assessment

We conduct a thorough assessment of your business activities to determine whether they fall within the scope of the Economic Substance Regulations. Our team evaluates the nature of your activities and identifies any obligations for compliance.

2. Guidance on Relevant Activities

We provide insights into the activities covered under the ESR, including but not limited to:

  • Banking and insurance
  • Investment fund management
  • Lease-finance
  • Headquarters activities
  • Distribution and service centre activities
  • Shipping and air transport

3. Substance Requirements Advisory

We advise on the requirements to demonstrate economic substance, including:

  • Minimum presence of qualified employees in the UAE
  • Adequate operating expenditure incurred in the UAE.
  • Physical assets located in the UAE.
  • Conducting core income-generating activities in the UAE

4. Compliance Documentation Support

Our team assists in the preparation and maintenance of necessary documentation to demonstrate compliance with ESR requirements. This includes preparing reports and maintaining records that outline the economic substance of your activities in the UAE.

5. Filing Obligations Assistance

We guide you through the ESR filing obligations, including the submission of the annual notification and economic substance report to the relevant regulatory authorities in the UAE.

6. Risk Assessment and Mitigation

We perform a risk assessment of your current practices and provide recommendations for mitigating compliance risks associated with the Economic Substance Regulations.

7. Training and Workshops

We offer training sessions and workshops to educate your team about the Economic Substance Regulations, ensuring that they are aware of compliance obligations and best practices.

8. Ongoing Support and Advisory

Our team provide continuous support and updates on regulatory changes, helping you stay compliant with evolving ESR requirements and best practices in the UAE.