Provat Corporates is a top provider of business formation and financial services in the UAE. Our skilled staff provides a variety of services, including Business establishment, Compliance, Accounting, Taxation, and more.
Dubai, UAE
With Provat Corporates' skilled services, you can ensure that your organisation complies with the UAE's Economic Substance Regulation (ESR). We help organisations understand, execute, and maintain compliance with ESR rules, which helps them avoid penalties and protect their operations.
The Economic Substance Regulation (ESR) is a major component of the UAE's efforts to comply with international tax standards and prevent base erosion and profit shifting (BEPS). The ESR requires entities involved in particular business activities to have significant operations in the UAE, proving that they are truly conducting business rather than exploiting the UAE to avoid taxes.
Failure to comply with the ESR can lead to considerable financial penalties and reputational harm. Businesses operating in the UAE must ensure they meet the standards, which include maintaining sufficient substance for specific activities such as banking, insurance, and intellectual property management.
Provat Corporates provides complete services to help firms understand and comply with the UAE's Economic Substance Regulations. We will walk you through the process of identifying whether your business activities are subject to the ESR and ensuring that you meet all regulatory obligations.
