Economic Substance Regulation
Introduced as part of the UAE’s commitment to the OECD Inclusive Framework and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation.
We can support you with:
b) Filing of ESR Report and Notification
c) Appeals for ESR Penalties
More to read
UAE ESR: FAQ on Filing Notifications
What is the purpose of the Notification? The purpose of the Notification is to...
UAE ESR Filing Deadline – 31 December 2021
UAE companies are encouraged to review their obligations under the Economic...
ESR Update – Appeal User Guide
What are the steps in filing an appeal? Since all submittals of ESR...
ESR: Relevant Activities Flowchart
The Regulations require UAE onshore and free zone companies and certain other...
(ESR) Notification filing
It is time to conduct the review of the business to assess ESR applicability....
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Value Added Tax (VAT)
Understand the VAT impact on your business. Whether you are Goods or Service Provider, ensure that you are being compliant with VAT laws in UAE.
Corporate Tax is going to be effective 1 Jun 2023. The law will impact businesses in UAE as they prepare to manage the operations to be more tax efficient and compliant.
Economic Substance Regulation (ESR)
Economic Substance Review requires businesses that are carrying out a Relevant Activity have Economic Substance in the business.
Customs and Excise
Businesses bringing goods into UAE or sending goods out of UAE have to follow the local Customs Law. The Federal Customs Authority is vested with the authority to formulate the Law. Customs authorities are located in the Land, sea and air borders.
AML Advisory Services
a) Assessing the Risks in your business
b) Educating your business on the AML landscape in UAE
c) AML Screening
Accounting is critical to the running of any business, Understanding the key metrics is required to judge the performance of a business. This can be achieved by maintain a good and proper set of books of accounts.
Audit of the business books and business processes is essential to gain confidence in the numbers and the long sustainability of the business.
Every business is as good as the numbers that it is able to present to its stakeholders. CFO is vested with the responsibility of ensuring the business Is performing and compliant. Integral to every business but may not be affordable for every business.
Business Model & Financial Model
What is the business model is the first question when the stakeholders of a business understand the functioning of a business.
Due Diligence Reviews (DDR)
Whether it is new acquisitions or identifying potential collaborations, we can support the financial due diligence process.
New Company Formation
Plans to set up operations in UAE, feel free to reach out to us for efficient advisory services on setting up business in UAE.
Setting up of Policies and Procedures
a) Based on the assessment of business, developing suitable policies and procedures to ensure a sustainable AML policy is set up.
b) AML Screening