Complying with the Economic Substance Regulations (ESR) in the UAE can be a complex and demanding task. Businesses need expertise, precision, and timely compliance to ensure they meet the regulatory requirements. At AARMAK, we provide comprehensive ESR Assessment Services to help businesses determine if they comply with the UAE's ESR standards, in line with the Organization for Economic Cooperation and Development (OECD) guidelines.
The UAE introduced the Economic Substance Regulations (ESR) to align with global standards for combating base erosion and profit shifting (BEPS). The ESR requires companies engaged in Relevant Activities to demonstrate sufficient economic presence and legitimate operations within the UAE.
UAE mainland, free zone, and offshore companies involved in Relevant Activities must meet key ESR requirements, including:
UAE mainland, free zone, and offshore companies involved in Relevant Activities must meet key ESR requirements, including:
To comply with the ESR, businesses must pass the following tests:
We offer a comprehensive range of services designed to ensure your business fully complies with ESR regulations:
Initial Assessment
We analyze your business activities to determine whether your company falls under the ESR framework. This helps you understand the specific obligations and requirements for your business.
Gap Analysis
Our experts evaluate your current operational structure against ESR requirements, identifying gaps, and recommending steps to align your business with the regulations.
Economic Substance Report Preparation
We assist in preparing and submitting your Economic Substance Report, ensuring that all required information is accurately reflected and in compliance with UAE regulations.
Ongoing Compliance Monitoring
ESR compliance is an ongoing process. We provide continuous monitoring, support, and updates on regulatory changes to ensure your business remains compliant throughout the year.
Advisory Services
Our team offers tailored advisory services to help structure your operations in a way that optimizes ESR compliance while maintaining efficiency.
Expertise: Our team comprises seasoned professionals with extensive experience in UAE regulatory compliance, ensuring accurate and reliable guidance.
Tailored Solutions: We understand that every business is unique, and our solutions are customized to meet your specific needs.
End-to-End Support: From the initial assessment to ongoing compliance, we provide comprehensive support to ensure your business remains fully compliant with ESR requirements.
Timely and Accurate Filing: We ensure timely submissions, helping you avoid penalties and compliance issues.
Let AARMAK guide your business through the complexities of ESR compliance in the UAE. Our ESR Assessment Services will ensure that you meet all regulatory requirements and maintain a robust economic presence in the region.
Provides expert auditing, accounting, and business services in Dubai, leveraging 20 years of experience to ensure compliance and drive growth for our clients.