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Economic Substance Regulations
(ESR) in UAE

Get seamless taxation services with TVG for hassle-free
business setup in UAE

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With our professional financial services, you can make sure your company complies with the Economic Substance Regulations in the UAE. We support you in proving actual economic activity while preserving the compliance and reputation of your business. You may rely on us to adapt your business to the strict ESR regulations in the UAE.

Evaluation of your Compliance with ESRs

After your financial year closes, you must file a notification within six months if your UAE-based business engages in any Relevant Activities. Any earned revenue, details regarding the activities carried out, and whether the income was taxed outside of the United Arab Emirates should all be included in the notification. If your UAE-based company operates several branches, you simply need to submit one combined notification.

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The Economic Substance Regulations' (ESR) purpose

  • Stop multinational companies from purposefully moving their profits to countries with lower tax rates.
  • Demand that companies prove they are indeed operating in the United Arab Emirates.
  • Make sure the UAE isn't utilized as a tax haven.
  • Require companies to provide authorities with a thorough annual report.
  • Establish that companies are engaged in legitimate, economic activity in the United Arab Emirates.
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Tests of Economic Substances

Core Income Generating Activity (CIGA) Test

To pass this test, the primary activities must occur in the United Arab Emirates.

Control Test

You ought to plan and oversee your pertinent actions in the United Arab Emirates.

Adequacy Test

To pass this test, you must have enough money, assets, and full-time workers in the United Arab Emirates.

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The Procedure for ESR Compliance

Examination of a trade license

Examination of the company's trading license, finances, and operations

Connecting and Confirmation

connecting the pertinent transactions to the pertinent activities and confirming that the business satisfies the requirements for Economic Substance.

Filing the notification

submitting the notification to the Ministry of Finance six months following the conclusion of the fiscal year.

Submit your ESR Report

Compile your audited financial statements and File your ESR reports 12 months after the financial year ends.

Industries we serve

  • Insurance
  • E-commerce
  • Manufacturing
  • Oil and Gas
  • Real Estate
  • Trading
  • Management consultancy
  • Hospitality
  • Logistics

Frequently Asked
Questions

Choose TVG business setup for a seamless company formation in Dubai. Our team provides top-notch services and ensuring your business establishment in the UAE is a resounding success. 

Regardless of location, businesses that engage in "Relevant Activities" are liable to ESR.

Should you submit your ESR reports beyond the deadline, you will be fined 20,000 AED. Ascertain compliance by sending in your reports by the deadline.

Legal action and penalties may follow noncompliance. In rare circumstances, it can compel the company to permanently close.

Since ESR reports are often annual, it's a good idea to check once a year for any new regulations.

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It was a wonderful experience. Every process is very smooth. Things got lot easier for me due to Mr.Aman’s support. He was always there as a 24/7 support, very approachable and gets the job done very easily for you. Would definitely recommend him and TVG to all.
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TVG Management Consultancy had helped me setup my business in free zone, they made it really easy for me… Amazing work!!
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TVG Management Consultancies really helped me alot in setting up my own business. Also, all the staffs are very approachable. They explained everything I need to know. Great service indeed! Keep it up.
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Head Office

2404-2406, Westburry Business Tower, Business Bay, UAE

Phone number

+971 52 853 1315

Email

info@tvgconsultancy.com

Register your
business in UAE starting

AT AED 5,500*

AT AED 5,500*

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Outside of office hours, email us or fill in the form whereby we respond to any enquiries within 24 hours.

+971 52 853 1315

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TVG Consultancy excels in understanding our clients needs and cater to all kinds of business setup needs across UAE.