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Auditing, VAT, Accounting & Business Consultancy Services in UAE
Econmuic Substance Accounting Reporting Service | Risisna Accounting

ECONOMIC SUBSTANCE REPORTING SERVICES

ECONOMIC SUBSTANCE REPORTING
ECONOMIC SUBSTANCE REPORTING
- Notifying & Reporting in Mainland
- Notifying & Reporting in All The Free Zones

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.

Our Services

Risians has an in-depth knowledge of the ESR legislation in the UAE and can assist with the substance requirements in the various jurisdictions.

This includes

  1. Initial Assessment & Classification
  2. Substance Services & Solutions
  3. ESR Annual Reporting
  4. Documentation
  5. Effective Dates and Deadlines

As a result, your organization stays compliant with Economic Substance Requirements. For more information, questions or proposal requests.

CONTACT OUR ESR SPECIALIST

What We Do?

  1. Review group structure to underpin the applicability of economic substance regulations
  2. 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.
  3. Determine remedial options by restructuring the business / operations / holdings.
  4. Design policies that comply with the economic substance tests.
  5. Preparation and submission of annual notification requirements for the entities allowed to carry out a ‘Relevant Activity’ within the UAE.
  6. Preparation and submission of economic substance reports for entities carrying out Relevant Activities in the UAE and earning income therefrom.
  7. Training sessions to educate personnel on the requirements.

Why Risians?

We offer the following services to comply with ESR:

  1. We conduct a systematic study on the business activities and provide guidance in complying with ESR
  2. Compliance tests and economic substances tests are done to check the adherence with the regulations
  3. Provide supervision on the contractual agreements whether ESR laws are included or not
  4. Submit ESR reports to the regulatory authority on time
  5. 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.

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RISIANS

My experience in working with this team is very much a positive one. Their professionalism is refreshing. Thank you for making the process a very pleasant experience.

Ms. Arshameh Parmoun Tag Properties
RISIANS

We have been working with RISIANS Chartered Accountants on a couple of assignments. At all times they are professional, organized with whatever assignments we have entrusted with them. Being a approved audit firm they are well aware with the regulations and compliances. I will recommend the team highly enough and shall certainly be engaging with them again and again in future assignments.

Moin Abbas Al Ajwad Auto Works
RISIANS

I would overall rate team RISIANS work as exceptional. The team was successful in delivering quality audit, irrespective of the tight deadline and it was way better than the predecessor. We can definitely build more knowledge for future.

Ajit G Vernekar AL SHAFAF REPACKING SERVICES
RISIANS

RISIANS proactiveness and precision towards managing our accounts and helping us constantly whenever we are in need of is a dynamic quality that makes us want to recommend to any company or an individual. Looking for a great accountants without any hesitation.

Aqeeb Aqeeb Internstional
CONTACT FORM
Office No-18, 25th Floor, Iris Bay Tower, Business Bay, Dubai - UAE

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