ESR Audit

Economic Substance Regulation (ESR) requires onshore companies to maintain and demonstrate an adequate economic presence in the UAE. Companies carrying out relevant activities must meet the requirements of an Economic Substance Test. This can be achieved in several ways:

• Licensee and relevant activity are directed and managed in the UAE
• Relevant Core Income Generating Activities (CIGAs) are conducted in the UAE
• Licensee has adequate people, premises, and expenditure in the UAE