Economic Substance Regulations (ESR) Compliance Services
Ensure Your Business Complies with UAE's ESR Requirements
Navigating the complexities of the UAE’s Economic Substance Regulations (ESR) can be challenging. At Pravo Management Consultancies, we provide comprehensive consultancy services to help your business meet all ESR requirements efficiently and effectively.
What are the Economic Substance Regulations (ESR)?
Understanding ESR The Economic Substance Regulations (ESR) were introduced in the UAE to ensure that entities undertaking certain activities are carrying out substantial activities in the UAE. These regulations are designed to prevent harmful tax practices and ensure compliance with international standards.
Relevant Activities Under ESR:
- Banking Business
- Insurance Business
- Investment Fund Management
- Lease-Finance Business
- Headquarters Business
- Shipping Business
- Holding Company Business
- Intellectual Property Business
- Distribution and Service Center Business
Our Services
ESR Consultation
Expert advice on how ESR applies to your business.Preparation and Submission of Notifications
Assistance with the preparation and timely submission of ESR notifications.
Preparation and Submission of ESR Reports
Detailed guidance on compiling and submitting the annual ESR report.
Regulatory Liaison
Representation and communication with regulatory authorities on your behalf.
Ensure your business is fully compliant with the UAE’s Economic Substance Regulations with the expert guidance of Pravo Management Consultancies. Contact us today to learn more about how we can assist you.
Frequently Asked Questions
Any company engaged in relevant activities as specified by ESR must submit annual notifications and reports.
- Notification: Within 6 months from the end of the financial year.
- Report: Within 12 months from the end of the financial year.
Failing to submit the notification results in a penalty of AED 20,000, and failing to submit the report results in a penalty of AED 50,000.
The report must include details on income, expenses, assets, and the nature of activities conducted.