Economic Substance
Economic Substance Regulation became effective in the UAE on January 01, 2019. This regulation requires company to fill two broad forms:
- Notification Form
- Annual Substance Return
The filing requirements depend upon the Regulatory Authority, which is relevant to the business, thus causing it to vary. It is essential for every business in the UAE to assess whether they fall under the UAE Economic Substance rules and what their obligations are. We provide assistance with the following services in order to avoid non-compliance penalties.
- Business Activity Evaluation
- Analysis and Notification to the Relevant Authorities
- Support in filling Annual Return
- ESR Compliant
Economic Substance in UEA
Economic Substance Regulation became effective in the UAE on January 01, 2019. This regulation requires company to fill two broad forms:
- Notification Form
- Annual Substance Return
The filing requirements depend upon the Regulatory Authority, which is relevant to the business, thus causing it to vary. It is essential for every business in the UAE to assess whether they fall under the UAE Economic Substance rules and what their obligations are. We provide assistance with the following services in order to avoid non-compliance penalties.
Business Activity Evaluation
Evaluate your business activities to determine adherence to the UAE Economic Substance rules. Our services include a thorough business activity evaluation, ensuring your company meets regulatory standards.
Analysis and Notification to the Relevant Authorities
Receive expert guidance on analyzing your business activities and notifying the relevant authorities. We simplify the process, helping you fulfill your obligations efficiently and avoid non-compliance penalties.
Support in Filing Annual Return
Streamline your Annual Return filing with our comprehensive support services. We assist you in preparing and submitting the necessary documentation, ensuring a smooth and error-free process.
ESR Compliant
Explore our services designed to make your business Economic Substance Regulation (ESR) compliant. We guide you through the necessary steps, providing peace of mind and safeguarding your business from penalties.
At ANK Global
we are committed to simplifying your Economic Substance processes, allowing you to focus on what truly matters – the growth and success of your business. Contact us today to discuss how our services can benefit your company.