The Economic Substance Regulation (ESR) in the UAE was introduced to align with global tax transparency standards and ensure that companies engaging in specific activities have substantial operations within the country. Businesses that fall under ESR requirements must file annual notifications and submit detailed reports to demonstrate compliance. Non-compliance can lead to heavy fines, licence suspension, or business restrictions.
With OKB, ESR compliance becomes straightforward and stress-free. Our team evaluates your business activities, determines if ESR applies, and assists in preparing accurate reports and timely submissions to the Ministry of Finance. We ensure your company
meets all obligations and avoids penalties while maintaining a strong compliance record.
Identifying if your business falls under ESR-related activities such as banking, insurance, shipping, or headquarters business.
Submitting the initial notification form to the Ministry of Finance.
Evaluating whether your company has adequate staff, premises, and activities in the UAE.
Compiling financial and operational data into compliant
ESR reports.
Filing ESR reports within the required deadlines.
Keeping your company updated with regulatory changes and ensuring future compliance.
With OKB, you gain expert support in handling ESR requirements, safeguarding your business from penalties, and maintaining compliance with UAE regulations.
