Economic Substance Regulation (ESR) Services
Ensuring Compliance for Your UAE Business
The Economic Substance Regulation (ESR) is a critical compliance requirement for all UAE companies engaged in specific activities, known as “Relevant Activities.” Introduced to align the UAE with global tax transparency standards, ESR mandates that companies demonstrate a genuine economic presence in the country. Crestbridge provides comprehensive ESR services to help your business navigate these complex regulations, ensuring full compliance and avoiding hefty fines.
Our Comprehensive ESR Solutions
Crestbridge offers a full suite of services to ensure your ESR compliance is seamless and stress-free:
Initial Assessment: We analyze your business activities to determine if you fall under ESR regulations and which specific requirements apply.
ESR Notification Filing: We prepare and submit the mandatory annual ESR Notification on your behalf to the relevant regulatory authority.
ESR Report Preparation: We assist in compiling the necessary financial and operational data to prepare and file the detailed ESR Report, proving your economic substance.
Ongoing Advisory: We provide expert advice on how to meet the “economic substance test,” including guidance on management, personnel, and physical presence requirements.
Documentation Management: We help you maintain accurate records and supporting documents, which are essential in the event of an audit.
The Crestbridge Advantage
Expert Knowledge: Our team has in-depth knowledge of UAE regulations and stays updated on any changes to ESR requirements.
Risk Mitigation: We ensure timely and accurate filings, helping you avoid significant penalties for non-compliance.
Hassle-Free Process: We manage the entire ESR compliance cycle, allowing you to focus on your business operations without the administrative burden.