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Economic Substance Notification and Report filing deadline is fast approaching
30th September 2024
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ESR Notification

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Get All in One Package for ESR Assessment, Registration, Notification and Reporting!

Expert Guidance

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Fast and Efficient Process

Simplified compliance processes designed for maximum efficiency.

Ensure Compliance, Avoid Penalties

Avoid penalties of AED 20,000 to AED 50,000 for non-compliance.

ESR plan

Assessment, Registration, Notification and Reporting!
AED 2000
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Businesses That Require ESR Compliance

Check if your business activity falls under the mandatory ESR filing requirements.
Banking
Insurance Company
Investment Management
Lease Finance
Holding Company
Shipping
Headquarters Business
Service Centre Business
Intellectual Property Business
Distribution and Service Centre
Features

Documents Required for ESR Compliance

Ensure you have all necessary documents ready to avoid delays and penalties
Trade License
Memorandum of Association (MoA)
Certificate of Incorporation
Establishment Card
Passport of Shareholders/Directors
Emirates ID of Shareholders/Directors
Email ID of Shareholders/Directors
Mobile Number of Shareholders/Directors

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Always very responsive, supportive, having a business mindset, providing visuals and on top of all that, open for feedback so they can keep improving. Very happy that I took the decision to work with them

Szilvia Vitos

Founder

LIVVITY

They designed an accounting system tailor made to our needs & completely automated our finance operations just like they promised. They've been super helpful for us to scale."

Jeremy Khatar

CEO

Ronin Global LLC, USA

They thoroughly understood our business processes and streamlined our accounting processes perfectly where our both in-house and outsourced accountants failed multiple times to streamline and structure our complex financial ops.

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Former COO

STUDENTHUB, BAWES

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Ali Ruziyeh

Founder, Optimize App

OPTIMIZE APP

"I had a rush request from the compliance folks at a freezone which needed to be completed in less than 5 days. Shafeek to the rescue! Highly recommended!"

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Partner

Start2Scale

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Pravin Rai

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QuicKart

I am extremely grateful for the exceptional service we received from Finanshels.com. We insurancehub.ae highly recommend their services to anyone seeking reliable and trustworthy Accounting Partner.

Jomon Ulahannan

Founder & CEO

INSURANCE HUB

Bookkeeping, a piece of cake with Finanshels! Sahal has been extremely helpful in managing the books! He makes sure its up-to-date and super clean! Sometimes, for advice, I refer to him as well and again, he has been super supportive and helpful to my needs!

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Founder & CEO

GROW DASH

"Excellent service. Finanshels has made the tax registration process fast and easy. Their communication is super prompt and clear. 5 stars!!"

Tina Chugani

Managing Director

Proxis LLC

"Fast, friendly, and very professional. I love how communicative they were handling our Corporate tax registration."

Abdulla Al-Ogail

Co-founder & CEO

OLYMON

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Usama Naeem
Co-founder, Qureos
QUREOS

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Ahmad Bin Khaled

Owner

MR BRISKET

Frequently Asked Questions

ESR is a regulatory framework introduced to ensure that companies engaging in certain business activities have substantial economic presence in the jurisdiction where they are incorporated. It aims to prevent companies from artificially shifting profits to low or no-tax jurisdictions.

Companies that fail to submit an ESR notification will incur an administrative penalty of AED 20,000, and AED 50,000 for failing to submit the ESR report.

The notification filing deadline is typically six months after the end of the financial year, and the report filing deadline is twelve months after the financial year ends. For example, if the financial year ends on March 31, the notification filing deadline would be September 30, and the report filing deadline would be March 31 of the following year.

Businesses involved in specific activities such as banking, insurance, investment management, lease finance, shipping, holding companies, intellectual property, headquarters, and distribution and service centers must comply with ESR regulations.

Required documents include the Trade License, Memorandum of Association (MoA), Certificate of Incorporation, Establishment Card, and identification documents of shareholders/directors, such as passports and Emirates IDs.

Yes, certain companies such as those wholly owned by UAE residents and not part of a multinational group, or UAE branches of foreign entities where income is subject to tax in the foreign jurisdiction, may be exempt. It is essential to seek expert advice to determine eligibility for exemption.