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We understand the complexities of managing finances, ensuring compliance, and making informed decisions for your business.
The UAE has implemented Economic Substance Regulations (ESR) to align with international tax standards and prevent harmful tax practices. Businesses operating in Dubai must comply with these regulations by demonstrating substantial activities, reporting accurately, and maintaining proper documentation.
At Leaf Associates LLC, we specialize in guiding companies through every step of ESR compliance — from assessment to filing — ensuring your business operates transparently and remains penalty-free.
Compliance with ESR is not just a legal requirement — it is critical for protecting your business reputation and maintaining smooth operations.
Key reasons why ESR compliance matters:
Partnering with us gives you a compliance advantage and peace of mind.
At Leaf Associates LLC, we offer comprehensive ESR solutions across industries in Dubai:
Identifying if your entity conducts relevant activities.
Accurate and timely submission to the Ministry of Finance.
Comprehensive reporting with evidence.
Aligning your business with ESR requirements.
Educating management teams on ESR obligations.
Ensuring continuous adherence to regulations.
We follow a structured approach to simplify compliance for your business:
Initial Consultation & Review
ESR Assessment
Notification Filing
Report Preparation
Compliance Strategy
Ongoing Support
Entities engaged in specific Relevant Activities such as banking, insurance, investment funds, headquarters, shipping, holding companies, and intellectual property must comply.
Non-compliance can lead to penalties ranging from AED 20,000 to AED 400,000, along with potential license restrictions and information exchange with foreign tax authorities.
Notifications are due annually, and if your company conducts relevant activities with income, a detailed ESR Report is also required each year.
Yes. Even smaller businesses may fall under ESR if they engage in relevant activities, regardless of company size.
Regulations are complex and evolving. Hiring experts like Leaf Associates LLC ensures accuracy, prevents penalties, and saves time.
Leaf Associates has experts in the fields of tax advisory, audit services and accounting & bookkeeping.
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