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Economic Substance Regulations (ESR) Filing in UAE

We’re a leading firm of chartered accountants & VAT/Tax advisers supporting entrepreneurs, high net worth individuals, family offices and growing businesses in UAE.

Economic substance rules were introduced in the United Arab Emirates (UAE) in April 2019, and businesses need to assess how they comply with those rules.

Economic substance regulations have recently been introduced across the globe in countries with no or nominal corporate tax rates in order to comply with international initiatives to combat harmful tax practices.

In essence the new rules require certain legal entities established in those countries to demonstrate that they carry out substantial economic activities there.

The UAE Government recently issued the “Cabinet Resolution No. 57 of 2020 and Ministerial Decision no 100 of 2020” which will replace the previous Economic Substance Regulations. They will also help clarify the amended Economic Substance Regulations and will be applicable from 1 January 2019.

Economic Substance Regulations Service in Dubai Includes

Economic Substance (ESR) Advising

Alya Auditors Provides valuable advises on understanding of the new substance requirements applicable in the UAE.

Economic Substance (ESR) Advising

Alya Auditors Provides valuable advises on understanding of the new substance requirements applicable in the UAE.
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Economic Substance (ESR) Testing

The UAE Companies that are engaged in any of the relevant activities from the list published are required to adhere to the UAE economic substance test.

Economic Substance (ESR) Testing

The UAE Companies that are engaged in any of the relevant activities from the list published are required to adhere to the UAE economic substance test.
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Economic Substance (ESR) Compliance

We undertake an assessment of compliance gaps and reporting to cost effectively manage meet Legislation requirements.

Economic Substance (ESR) Compliance

We undertake an assessment of compliance gaps and reporting to cost effectively manage meet Legislation requirements.
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Economic Substance (ESR) Recording

Economic Substance Report has to be prepared and submitted for each entity, separately to the competent authority within the given time frame.

Economic Substance (ESR) Recording

Economic Substance Report has to be prepared and submitted for each entity, separately to the competent authority within the given time frame.
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Economic Substance (ESR) Notification Filing

Businesses in the UAE even if carrying out activity not in the relevant activity list must file a Notification with the Registration Authority with in a stipulated date.

Economic Substance (ESR) Notification Filing

Businesses in the UAE even if carrying out activity not in the relevant activity list must file a notification with the registration authority with in a stipulated date.
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Economic Substance (ESR) Return Filing

Entity should appear for the test of relevant authority and must pass the ‘Economic Substance Test’,based on which Annual Return should be filed.

Economic Substance (ESR) Return Filing

Entity should appear for the test of relevant authority and must pass the ‘Economic Substance Test’,based on which Annual Return should be filed.
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Why Choose Alya for Your ESR Return Filing in the UAE

ESR Retun Filing in Dubai

Reduce risk and improve your organisational performance by challenging existing assumptions and practices.

Businesses who partner with our services will reap the benefits of having a complete understanding of up-to-date financial strategies as per IFRS and better access to a wide variety of industry expertise which can boost the values to the company.

As your business is continuing to grow in size, you’ll most likely require more sophisticated and up-to-date strategic advice that your accountant can ever be offered.

It will also highlight control weaknesses and let the business owner know if risk management processes are operating effectively thus increasing the efficiency of your business.

There’ll be a lot of flexibility while working along with our services. Entrepreneurs are able to focus entirely on expanding core business and developing new products and services based on the professional advice of our specialized  our services.

Having set the strategic financial plans on your core business allows more freedom and opportunity to grow, and permits products and services to be relevant to the markets to keep retain current clientele and attracting more customers.

Our ESR Return Filing Procedure

We will assist the owners and/or the Company to identify potential buyers or sellers (as the case may be) and how these potential counterparties should be approached. Alya network has the advantage of a global reach and allows us to search for potential counterparties both openly or confidentially.

We will assist you to prepare your information package that tells the potential counterparties who you are and what you are looking for. Getting this package done right is important to maximise your reach to as many counterparties as possible. Such packages can be prepared on a confidential basis or a public basis.

We will support you and your business in performing the necessary due diligence on the potential buyer or seller, as the case may be.

We will support you and your business in performing any deal structuring or relevant negotiations, as the case may be.

ESR - Economic Substance Regulations Return Filing in Dubai, UAE

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