Tax
Economic Substance Regulations (ESR)
ESR Impact Assessment
We conduct a thorough review of your operations and business documentation to assess compliance with the provisions of ESR. This includes evaluating functions and activities to determine the applicability and impact of ESR on your business, helping you understand the implications and requirements for compliance.
ESR Advisory
Our team offers personalized advisory services to help identify risk areas and mitigation strategies related to ESR compliance. This includes analyzing income drivers, reviewing contractual agreements, evaluating staffing and resourcing strategies, and assessing the corporate set-up and decision-making process of your business. We provide practical recommendations to enhance compliance and minimize risks associated with ESR.
Compliance and Filing
We assist businesses in fulfilling their ESR compliance requirements, including the filing of notifications and annual returns with relevant authorities across the GCC jurisdictions where applicable. Our team of subject matter experts ensures timely and accurate completion of all necessary documentation, helping you navigate the complexities of ESR compliance with confidence.
Monitoring and Reporting
Our services extend beyond initial compliance activities to include ongoing monitoring and reporting support. We help businesses establish robust monitoring processes to track compliance with ESR requirements and provide regular reporting on key metrics and performance indicators. This proactive approach ensures ongoing compliance and helps mitigate risks associated with non-compliance.
Training and Awareness
We offer customized training sessions and awareness programs to educate your team on ESR requirements and best practices for compliance. Our interactive training sessions cover key concepts, regulatory updates, and practical guidance to empower your staff with the knowledge and skills needed to navigate ESR compliance effectively.
ESR Risk Management
Our team conducts comprehensive risk assessments to identify potential ESR compliance risks and develop tailored risk management strategies. We work closely with your business to implement risk mitigation measures and enhance compliance processes, ensuring you stay ahead of regulatory requirements and minimize the risk of penalties or sanctions.