ESR services
Dubai Economic Substance Regulations (ESR)
What are Economic Substance Regulations (ESR)?
Dubai’s Economic Substance Regulations (ESR) is a rule that make sure that certain businesses in the United Arab Emirate (UAE) show that they are genuinely operating in the United Arab Emirate. To put it in layman’s language, ESR makes sure that the companies must prove that they are presently working in the country and they are making a real economic contribution in the country, and not just avoiding taxes. Economic Substance Regulations (ESR) were introduced to align with global standards set by the OECD and the EU to prevent harmful tax practices.
Who needs to comply with ESR?
Any business that falls under the “Relevant Activities” must comply with the ESR to prove that they are presently doing business in the UAE. You can find the list of all the businesses that may fall under “Relevant Activities.”
- Banking
- Insurance
- Fund Managment
- Lease-Finance
- Headqutars
- Shipping
- Holding Company
- Intellectual Property (IP) Business
- Distribution & Service Center
If you are confused if your needs to comply with ESR or not, then you can CLICK HERE and fill out the form, and our team will get in touch with you.
We can help you.
MBB Auditing has a dedicated team of experts that will help you with everything related to the ESR. This includes gathering all of the documents, ensuring that everything is in the right order, and submitting it. All of this to ensure that your business is in compliance with the ESR. As not complying with the ESR can cause you to pay AED 10,000 to 300,000 as the penelenty.
Expertise & Experience
MBB Auditing has a strong track record in providing ESR services in the UAE, and our in-depth knowledge of the ESR makes us uniquely qualified to manage your ESR needs in Dubai and the local business environment.
Compliance Support
We offer full compliance support ranging from understanding your business type to gathering documents and filling ESR before the due data to avoid any fines.
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.
Customized Solutions
We understand that each business has its own unique needs and challenges, and we provide tailored solutions to address the specific requirements of your business.
Ready to ESR services?
Contact MBB Auditing today to learn more about our ESR services and how we can help your business thrive in the global marketplace. Let’s work together to ensure your financial reporting meets the highest international standards.
Address:
Office 1228, Tamani Arts Tower, Business Bay, Dubai
Phone No.:
+971-55-367-9136 / +971-4-5896893
E-mail:
Info@mbbauditing.com
ankit.jain@mbbauditing.com
