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.
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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.
We provide insights into the activities covered under the ESR, including but not limited to:
We advise on the requirements to demonstrate economic substance, including:
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.
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.
We perform a risk assessment of your current practices and provide recommendations for mitigating compliance risks associated with the Economic Substance Regulations.
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.
Our team provide continuous support and updates on regulatory changes, helping you stay compliant with evolving ESR requirements and best practices in the UAE.