ESR Classification & Assessment
ESR Impact Assessment
Determining whether a business falls under ESR based on its activities.
ESR Business Classification
Identifying whether the company performs a relevant activity, such as: Banking, Insurance, Investment Fund Management, Lease-Finance, Headquarters, Shipping, Holding Company, Intellectual Property (IP), Distribution & Service Centers
ESR Risk Assessment
Evaluating potential non-compliance risks and penalties.
ESR Notification Filing
Preparation & Submission of ESR Notification
Filing the mandatory ESR notification with the relevant authority (Ministry of Finance) within the deadline.
ESR Economic Substance Report Filing
Preparation of ESR Annual Report
Assisting in filing the Economic Substance Report if the company earns income from relevant activities and is not exempt.
Substance Test Review
Evaluating whether the company meets the "Economic Substance Test", including: Management & Control in the UAE Core Income-Generating Activities (CIGA) conducted in the UAE Adequate local resources (employees, assets, and expenses)
ESR Compliance & Advisory Services
ESR Record Maintenance
Ensuring that businesses maintain proper documentation to prove economic substance in the UAE.
Gap Analysis & Corrective Actions
Identifying compliance gaps and recommending solutions.
ESR Strategy & Structuring
Advising companies on business restructuring to meet ESR requirements.
ESR Audit & Penalty Assistance
ESR Audit Support
Preparing for regulatory audits and providing required documentation.
Penalty Appeal & Resolution
Assisting companies in responding to FTA penalties and submitting appeals.
Failure to File ESR Notification
AED 20,000 penalty
Failure to Meet ESR Requirements
AED 50,000 - AED 400,000 penalties
Regulatory Authority Communication
Handling clarifications, justifications, and responses to authorities.