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ESR Services

Alsun Bookkeeping and Taxation Company is a leading FTA Certified Tax Agent & Agency in UAE. We provide accurate ESR Notifications and Filing Services in Dubai at competitive prices.

Economic Substance Regulations UAE

The UAE recently issued Economic Substance Regulations (ESR) Regulations (Cabinet of Ministers Resolution No. 31 of 2019), on 30 April 2019. The ESR Regulations are applied to local companies located in the country as part of the UAE’s commitment to the OECD and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation. The ESR regulations are also applied to businesses in the free zones and those engaged in any relevant activities. Now, companies must provide the regulatory authorities with economic substance notifications, including information about their activities. This notification is considered a prerequisite for submitting an economic substance report by the company.

The Regulations require UAE onshore and free zone companies and certain other business forms that carry out any of the defined “Relevant Activities” listed below to demonstrate and maintain an adequate economic presence in the UAE. 

esr services dubai

Relevant Activities include:

Insurance Business

Investment Fund Management Business

Intellectual property Business

Distribution and Service Center Business​

Lease – Finance Business

Banking Business

Headquarters Business​​

Holding Company Business

Shipping Business

Filing for ESR would be mandatory if your business generates income or revenue from the relevant activity under ESR regulations.  Alsun will help you identify whether your business falls within the scope of the Economic Substance Laws and accordingly inform you regarding the compliance requirements that need to be fulfilled.

  • Date of commencement and end of Financial Year
  • Relevant Activity being carried
  • Whether Revenue generated from such Relevant activity during the relevant Financial year
  • Other information as required by the Regulatory Authority

At Alsun, our team can help you assess the status of your business effectively and offer a full understanding on the steps that your business should consider taking to make sure it is fully complying with ESR in Dubai.

ESR Services

The ESR Regulations allow businesses to outsource some or all of their activity to third-party service providers. Alsun offers tailored ESR services in compliance with the provisions of the Cabinet Resolution. Our team of experts on taxation and legal matters in UAE will aid your business in submitting economic substance notifications and reports to the regulatory authority in compliance with the Economic Substance Regulations.

Failure in complying to the legislation results in AED 10,000 – 300,000 as a penalty. Alsun will help your business determine whether it is affected by substance legislation. We will offer you a wide range of precise customized ESR services at competitive prices. We will help your company avoid any penalties and risks for non-compliance to ESR in Dubai.  For more information, contact us now!
 Alsun Bookkeeping and Taxation understand that UAE ESR service is not limited to Notification and Reporting. That is why we offer a wide range of ESR services. Contact us should you have inquiries regarding Economic Substance Regulations UAE and any related service.

ESR in Dubai

. Economic Substance Regulations UAE is a set of standards that requires companies in the UAE to carry out business activities substantially in the country of their jurisdiction. Local companies in the UAE, whether they are located in free zones or onshore, are required to file for ESR. The purpose of ESR would be to stop businesses from evading tax in their home country. It’s important to ensure the UAE is not blacklisted as ‘non-cooperative’ by the European Union. ESR aim is to eliminate businesses with underlying intentions of registering their business to enjoy tax and economic benefits.  

Companies subject to ESR regulations must submit economic substance notifications and reports to the regulatory authority annually in accordance with the provisions of the Cabinet Resolution. Failure to adhere to such regulations will result in penalties.

At Alsun Bookkeeping and Taxation, we provide accurate and precise ESR services. We help your business by navigating the UAE economic substance requirements that are to be met by your business. We offer a broad range of services, including advisory services, full reviews, and notifications and filings.

ESR UAE: Who Needs It?

The importance of Economic Substance Regulations filing in the UAE is to ensure that businesses operating within the jurisdiction have a genuine economic presence. ESR in Dubai especially requires certain types of businesses to meet specific substance requirements, primarily concerning their activities, assets, and employees.

What is Dubai Corporate Tax?

  • Banking and Insurance

Financial institutions, such as banks and insurance companies, are subject to ESR filing in Dubai as they engage in core income-generating activities within the UAE.

  • Investment Fund Management

Companies that manage investment funds, including private equity and venture capital firms, are required to meet the substance requirements under the ESR payroll.

  • Lease-Finance

Businesses that generate income from leasing assets, such as equipment or real estate, fall under the umbrella of businesses in need of ESR services in Dubai.

  • Intellectual Property (IP) Holding Companies

Entities in Dubai that hold or license intellectual property rights and earn income from such activities need ESR filing Dubai.

  • Headquarters (HQ)

Companies functioning as regional headquarters in Dubai providing services to affiliates or subsidiaries are also in need of Economic Substance Regulations Dubai.

Dubai Corporate Tax

Alsun Bookkeeping and Taxation Company is one of the best agencies to offer ESR consultancy Dubai, helping local businesses ensure compliance with ESR in Dubai and other emirates in the UAE. Here are some of the criteria our agency meets to maintain our position as the best ESR filing company Dubai.

Expertise & Experience

Alsun has a strong track record in providing a variety of bookkeeping and taxation services in the UAE, and in-depth knowledge of the requirements of ESR filing in Dubai and the local business environment.

Technology & Automation

We leverage advanced technology and automated solutions to assure efficient and accurate ESR compliance, embracing digital tools and software to streamline the ESR filing process.

Compliance Support

We offer comprehensive support in meeting the ESR obligations, including assistance with documentation, reporting, and compliance strategy.

Customized Solutions

We understand that each business has its unique needs and challenges and we provide tailored solutions to address the specific requirements of your business.