Economic Substance Regulation (ESR)

Services

Stay Compliant, Stay Ahead with Expert ESR Services

At Accuvat Chartered Accountants, we specialize in helping businesses meet Economic Substance Regulations (ESR) in the UAE. With affordable, streamlined packages, our team ensures that your business adheres to the necessary compliance requirements, reducing the risk of penalties and ensuring operational continuity.

What is ESR?

The Economic Substance Regulations (ESR) were introduced in the UAE to prevent harmful tax practices and align the country with global tax standards set by the OECD. These regulations require businesses engaged in certain activities to demonstrate substantial economic activity within the UAE, ensuring they maintain adequate resources (staff, premises, and expenditure) proportionate to the income generated from those activities.

To Whom Does ESR Apply?

ESR applies to any business entity that conducts Relevant Activities in the UAE. This includes both onshore companies and free zone entities. Businesses must assess whether they are engaged in these activities and comply with the regulations if applicable.

Businesses Requiring ESR Compliance

Entities engaged in the following Relevant Activities must comply with ESR requirements:

Banking
Insurance
Investment Fund Management
Lease-Finance Business
Headquarter Business
Shipping Business
Holding Company Business
Intellectual Property Business
Distribution and Service Center Business

Why Choose Accuvat for ESR Compliance?

Our ESR Packages

Notification Filing

Starting at

AED 499

We prepare and file your ESR notification accurately and on time.

Report Filing

Starting at

AED 999

Full ESR report preparation and filing, ensuring that all economic substance requirements are met.

Notification & Report Filing

Starting at

AED 1299

A comprehensive package that includes both notification and report filing, ensuring full compliance with ESR.

FAQ

FAQs on ESR

1. What are Economic Substance Regulations (ESR)?

ESR ensures businesses engaged in relevant activities have a substantial economic presence in the UAE.

2. Which entities are subject to ESR?

All UAE entities conducting Relevant Activities, including free zone companies and onshore entities.

3. What are Relevant Activities under ESR?

Relevant Activities include banking, insurance, shipping, investment fund management, and more.

4. Do I need to submit an ESR notification if my company does not perform Relevant Activities?

Yes, entities must still submit a notification even if they do not conduct Relevant Activities.

5. What happens if I fail to comply with ESR?

Non-compliance can result in hefty fines and penalties, and potentially increased scrutiny from authorities.

6. How often do I need to file ESR reports?

ESR notifications and reports must be filed annually based on your fiscal year-end.

7. What information is required for ESR compliance?

Entities must provide information on their activities, income, expenses, employees, and physical presence in the UAE.

8. What is the deadline for ESR notification filing?

The deadline typically aligns with the entity’s financial year, with reports usually due within 12 months.

9. How do I know if my business qualifies for ESR exemption?

Certain exemptions exist, such as for entities owned by UAE residents. We can help determine your eligibility.

10. Why should I outsource my ESR compliance to Accuvat?

Outsourcing to experts like Accuvat ensures you remain compliant while focusing on growing your business, without the hassle of regulatory complexities.

Ensure seamless compliance with ESR regulations by partnering with Accuvat today. Our expert team is ready to assist you in every step of the process, ensuring timely and accurate filing. Get in touch with us now to discuss the best solution for your business.

Testimonials

Our Customer Reviews

I have been working with Accuvat for nearly six years, and their services have been exceptional. They expertly manage all aspects of my financial accounts, including Profit & Loss statements, tax filings, inventory management, auditing, and more. The team consistently goes above and beyond to meet my needs, demonstrating a true commitment to client satisfaction. Choosing Accuvat to handle my finances was one of the best decisions I made for my business

Mr. Amer Salem Almahri Kunafat Doma Sweets
Accuvat has transformed the way we handle our finances. Their knowledgeable team
is always available to assist and provide valuable insights. We are grateful for their
continued support!

Miss Marina Chanaeva Study First Education Services (Logiscool)
Accuvat has consistently delivered outstanding service. Their team is knowledgeable, responsive, and genuinely dedicated to their clients. Thanks to their support, we have complete confidence in our financials and can focus on growing our business.

Mr. Nima Ahmadian Finch & Macaw Branding Services LLC
Accuvat guided us out of a complex backlog in our accounting and streamlined our financial processes. Thanks to their expertise, we now have clear, structured financial visibility and confidence in our organization’s ongoing growth.

Mr. Hussain Alhusn Althahabi Furniture LLC
Partnering with Accuvat has been invaluable for GetProp. Their expertise and attention to detail have transformed our financial processes, enabling us to focus confidently on business growth. From day one, their team has offered unwavering support, insightful guidance, and a level of dedication that consistently surpasses our expectations. We fully trust Accuvat and consider them a vital partner in our journey.

Mr. Zaid Yousuf Sidat Getprops Solutions LLC
We are extremely pleased with our partnership with Accuvat Chartered Accounting. Their team is thorough in addressing our requests, provides high-quality reporting, and maintains excellent communication speed. We couldn’t be more satisfied with the service they deliver.

Mr. Vladimir Maxi Pizza Restaurant
Associating with Accuvat has been a game-changer for our business. Their professionalism, expertise, and dedication to our financial health are unmatched. The team is always available, simplifying complex financial matters and keeping us up-to-date with the latest Financial and Tax regulations. Thanks to Accuvat, we feel secure and confident in our financial management. Highly recommended!"

Miss Rocsana Marcu Tangelo Real Estate LLC
For nearly two years, Accuvat has been our trusted accounting partner guiding us in maintaining our essential and annual records and implementing strong bookkeeping practices alongside IFRS compliances related to Real Estate and Leasing Industry. We rely on their expertise and appreciate their commitment to our financial health.

Mr. Nikita Berezutski Basera Properties LLC
The Accuvat team is highly professional and has been incredibly helpful with our bookkeeping and auditing needs.Positives: very approachable, reasonably priced, and efficient service.

Mr. Sriram Faramacia Drug Store LLC
Accuvat helped us creat strong fundamentals within our Financial Accounting system and internal controls. Their look to build a process oriented approach rather than a person oriented approach which gives the stability and independency on people.

Mr. Siraj Ghotawala Smartech Building Materials Trading LLC
Since September 2022, Accuvat have managed accounting and reporting for both our companies with diligence and within timeliness. Their advice has been invaluable with reagrds to Fiancial, Tax and other regulatory compliances with their immediate availabilty to address our queries. We highly recommend Accuvat for comprehensive financial solutions

Mr. Yousuf Joe Farid Water World Sports and Delight Vacations Travel and Toursim
Accuvat transformed our financial structure by turning chaotic accounts into a well-organized system. They streamlined our accounting into two divisions—Projects and Production—creating separate profit centers to enhance profitability and foster healthy competition for collective growth

Mr. Khuzema Shafakkat Kanchwala Glass World Industries LLC