ESR compliance Services

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Overview of ESR compliance Services

In compliance with the UAE’s Economic Substance Regulations (ESR), CDA facilitates seamless adherence for local companies, spanning those in free zones and engaged in specific ‘relevant activities.’ Our expert services ensure these entities comply effortlessly with the regulatory framework. Companies must furnish economic substance notifications, presenting preliminary activity details to regulatory authorities.

This initial step serves as a prerequisite for the subsequent submission of the comprehensive economic substance report by the company. At CDA, we understand the critical nuances of ESR and guide businesses through the process with a professional touch, ensuring clarity and precision in fulfilling these regulatory obligations. Trust us to navigate the intricacies of ESR, allowing your business to meet regulatory standards effectively and focus on its core operations.

Why Choose CDA ESR Compliance?

There are several advantages to having a company located on the mainland of the United Arab Emirates. If you would like to know more about mainland company advantages, please get in touch with us.

Specialized ESR Expertise

Choose our ESR compliance service for dedicated expertise in navigating the intricacies of Economic Substance Regulations (ESR) in the UAE. Our team's specialized knowledge ensures accurate and effective compliance tailored to your business.
Tailored Solutions for Relevant Activities

Opt for our service to benefit from tailored solutions aligned with your specific 'relevant activities.' We understand the unique requirements of each business category, ensuring precise adherence to ESR guidelines.
Streamlined Notification Process

We offer a streamlined process for economic substance notifications, making compliance initiation hassle-free. Our service guides you through the essential steps, ensuring timely and accurate submission to regulatory authorities.

Frequently Asked Questions

On August 10, 2020, the UAE introduced Cabinet of Ministers Resolution No. 57 of 2020, replacing Resolution No. 31 of 2019, focusing on Economic Substance Requirements (ESR). Subsequently, Ministerial Decision 100 of 2020, issued on August 19, 2020, provides detailed guidance on ESR implementation. Addressing global standards set by the OECD on harmful tax practices and the EU COCG resolution on business taxation code of conduct, the government established the Permanent Committee through Ministerial Resolution No. 129 of 2021 on November 14, 2021, to oversee ESR implementation.

Banking
Insurance
Shipping
Lease finance
Intellectual property (IP)
Fund management
Distribution and service centers
Headquarters
Holding Company

Submit an annual Notification within six months after the relevant financial period.
File an Economic Substance Report within 12 months following the conclusion of the relevant financial period.
Meet the Economic Substance Test, showcasing that the licensee and relevant activity are directed and managed in the UAE, CIGAs occur within the UAE, and the licensee has adequate personnel, expenditure, and premises in the UAE.

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