Navigating Economic Substance Regulations (ESR)
The UAE Economic Substance Regulations require companies carrying out 'Relevant Activities' to demonstrate actual economic activity within the country. Failure to comply can result in significant fines and potential license suspension.
Key ESR Compliance Services
UAE lawyers assist entities in determining if they fall within the scope of ESR, performing the 'Economic Substance Test,' and managing the entire filing process on the Ministry of Finance portal.
- Applicability assessment for Relevant Activities.
- Preparation of ESR Notifications.
- Drafting and submission of the annual ESR Report.
- Guidance on meeting the Core Income-Generating Activities (CIGA) criteria.