ECONOMIC SUBSTANCE REPORTING SERVICES
Risians offers specialized accounting services that meet the financial needs of any business penetrating in the UAE’s economic market. We safeguard the organization’s interests by complying with the Economic Substance Regulations and are ensure the utmost level of excellence throughout.
ESR helps to comply with specific requirements of the entities incorporated in the UAE. We make sure that all the relevant activities are directed and managed locally. We take care of the ESR requirements such as level of employees, physical office, and annual expenditure, and relevant entity must locally conduct by ensuring that your organization adheres to the Core Income Generation Activities (CIGA).
At Risians, we offer a comprehensive range of options – right from financial health check to a full review, along with the essential advisory services on registering your status with the regulator.
Risians has an in-depth knowledge of the ESR legislation in the UAE and can assist with the substance requirements in the various jurisdictions.
- Initial Assessment & Classification
- Substance Services & Solutions
- ESR Annual Reporting
- Effective Dates and Deadlines
As a result, your organization stays compliant with Economic Substance Requirements. For more information, questions or proposal requests.
What We Do?
- Review group structure to underpin the applicability of economic substance regulations
- Perform a gap assessment to identify the current level of compliance requirements that include review of – contracts, details of assets, expenditure, and employees living in UAE etc.
- Determine remedial options by restructuring the business / operations / holdings.
- Design policies that comply with the economic substance tests.
- Preparation and submission of annual notification requirements for the entities allowed to carry out a ‘Relevant Activity’ within the UAE.
- Preparation and submission of economic substance reports for entities carrying out Relevant Activities in the UAE and earning income therefrom.
- Training sessions to educate personnel on the requirements.
We offer the following services to comply with ESR:
- We conduct a systematic study on the business activities and provide guidance in complying with ESR
- Compliance tests and economic substances tests are done to check the adherence with the regulations
- Provide supervision on the contractual agreements whether ESR laws are included or not
- Submit ESR reports to the regulatory authority on time
- Our other services are Business Services, Accounting & Bookkeeping Services, Auditing Services, Tax & VAT Filing Services and Due diligence Services to the business tycoons in Dubai
Need to know more about Economic Substance Regulations? Contact Us! Our experts will give you a one-hour free consultation on your queries.