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Operating in the UAE’s free zones offers advantages like tax benefits and streamlined regulations. However, companies must still comply with the Economic Substance Regulations (ESR), just like mainland businesses. Non-compliance with ESR reporting and notification obligations can lead to penalties, license suspension, and reputational risks. At Risians Accounting, we specialize in ESR consultancy tailored for free zone entities, ensuring full regulatory compliance and peace of mind.
The Economic Substance Regulation, introduced in 2019, mandates that businesses in sectors like banking, insurance, IP, and shipping prove substantial activity within the UAE. This includes filing ESR notifications and detailed reports to free zone authorities like DMCC, JAFZA, or DAFZA. Even if a business is exempt, submitting a timely notification is mandatory. Our expert team helps you navigate these requirements and avoid costly oversights.
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Companies must first submit an ESR notification stating their relevant activities, income, and exemption status. If income is generated from ESR-related activities, a more detailed ESR report is required, covering staff, expenses, and core income-generating activities (CIGA). Risians Accounting handles this entire process, from initial assessment to accurate submissions, ensuring your free zone business meets all ESR deadlines and standards.
We offer end-to-end ESR consulting services—from eligibility assessments and filing to ESR audits and corrective guidance. Our team provides ongoing support, ensures accurate documentation, and helps you meet economic substance requirements confidently. With integrated tax and audit services, Risians Accounting gives you a one-stop solution for ESR compliance in UAE free zones.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
