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ESR Return Filing in Dubai

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

The economic substance regulations (ESR), applicable from 2019 for all United Arab Emirates (UAE) legal entities with a commercial license, prescribe that quorate board of directors meetings are frequently held in the UAE. The international travel restrictions implemented as a measure to curb the COVID 19 outbreak mean that international groups with entities in the UAE should closely consider their corporate governance obligations in relation to the ESR and generally to potential overseas tax implications.

Every Licensee shall be required to meet the applicable Economic Substance Test requirements and submit an Economic Substance Report containing the requisite information and documentation prescribed under the ESR Regulations within twelve (12) months from the end of the relevant Financial Year.

The National Assessing Authority is subject to a six (6) year limitation period calculated from the end of the relevant Financial Year during which it must issue its decision in respect of whether a Licensee has met the Economic Substance Test. This six (6) year limitation period shall not apply if the National Assessing Authority is not able to make a determination during this period due to gross negligence, fraud, or deliberate misrepresentation by the Licensee or any other person representing the Licensee.

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 Rules in UAE

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 Return Filing Procedure in Dubai,UAE

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