Chartered Growth
Consultants – FZCO
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Securing UAE Growth • Since 2014
Consultants – FZCO
Securing UAE Growth • Since 2014
Annual Economic Substance Reporting & CIGA Compliance
Submit your annual ESR report within 12 months and prove adequate physical substance, board meetings, and employees in the UAE.
Entities that derive income from a Relevant Activity and do not qualify for an exemption must satisfy the Economic Substance Test and file an ESR Report within 12 months of the financial year-end. Failure to satisfy the test leads to fines starting at AED 50,000.
Report must be submitted within 12 months following the end of the financial year.
Verifying Core Income-Generating Activities conducted inside the UAE.
Checking local operating expenses and qualified staff numbers.
Evaluating staff, office space, board minutes, and operating expenditure.
Preparing ESR quantitative and qualitative data.
Filing report on official portal.
The regulatory authority imposes an administrative penalty of AED 50,000 and shares company information with foreign tax authorities.
File your mandatory annual ESR notification within 6 months of financial year-end to avoid immediate AED 20,000 penalties.
Avoid heavy penalties (up to AED 400,000) for ESR non-compliance and maintain full excise tax compliance for regulated products.
Bespoke corporate tax structuring for Free Zone entities (QFZP) to secure 0% tax rate on qualifying transactions.
Speak directly with our chartered tax advisors and legal corporate setup experts today.