Economic Substance Regulation (ESR) Service by SetupIQ

The UAE’s Economic Substance Regulation (ESR) follows international standards to ensure that companies engaged in specific activities have genuine operations and substantial economic presence within the country. ESR mandates that certain businesses demonstrate adequate economic activity within the UAE to comply with these regulations.

Understanding ESR

The Economic Substance Regulation was introduced to align with global efforts against harmful tax practices and to meet the requirements set by the OECD (Organisation for Economic Co-operation and Development). The ESR framework ensures that UAE entities undertaking relevant activities meet the economic substance requirements by:

Why ESR Compliance is Important

Avoid Penalties and Sanctions: Non-compliance with ESR can result in significant penalties, including monetary fines, exchange of information with foreign tax authorities, and potential business license suspension or revocation.
Maintain Reputation: Compliance with ESR demonstrates your commitment to transparency and adherence to international standards, which can enhance your business reputation and credibility with stakeholders and authorities.
Ensure Business Continuity: Aligning with ESR requirements helps ensure the continuity of your business operations without legal or regulatory interruptions.

SetupIQ’s Comprehensive ESR Services

At SetupIQ, we offer a full range of ESR services designed to help your business understand, implement, and maintain compliance with the UAE’s Economic Substance Regulation.

ESR Assessment and Gap Analysis

Our experts conduct a thorough assessment of your current operations to identify any gaps in meeting ESR requirements. We provide detailed analysis and recommendations to address these gaps.

Regulatory Guidance

We provide clear guidance on ESR regulations, helping you understand the specific requirements applicable to your business activities. Our team keeps you updated on any updates or changes in the ESR framework to ensure your compliance.

Implementation Support

SetupIQ assists in implementing the necessary changes to your business operations to comply with ESR. This includes support in restructuring, documentation, and process adjustments.

Filing and Reporting

We manage the preparation and submission of the annual ESR notification and report to the relevant authorities. Our team ensures that all filings are accurate, complete, and submitted on time.

Training and Awareness

To ensure ongoing compliance, we offer training sessions for your management and staff on ESR requirements and best practices. This helps your team stay informed and proactive in maintaining compliance.

Why Choose SetupIQ for ESR Compliance?

Expertise and Experience: Our team of professionals has extensive experience in dealing with ESR and other regulatory frameworks. We provide expert advice and practical solutions tailored to your business needs.
Comprehensive Services: From initial assessment to ongoing compliance support, we offer a full suite of services to ensure your business meets all ESR requirements.
Proactive Approach: We adopt a proactive approach to compliance, helping you stay ahead of regulatory changes and ensuring continuous alignment with ESR standards.
Client-Centric Focus: At SetupIQ, we prioritize your business needs and work closely with you to develop customized solutions that ensure compliance while supporting your business objectives.

Get Started with SetupIQ

Ensure your business complies with the UAE’s Economic Substance Regulation with the expert support of SetupIQ. Contact us today to schedule a consultation and take the first step towards seamless ESR compliance.