Economic Substance Regulation | AKW Consultants

Under the Economic Substance Regulation (ESR), businesses are required to demonstrate their economic presence. According to the guidelines set by the Corporate Services Regulations (CSR), companies within ADGM engaging in relevant activities must submit their Economic Substance Report within 12 months following the conclusion of the financial year. At AKW Consultants, we are dedicated to helping you adhere to ESR guidelines and ensure timely submission of your ESR report. This regulation applies to various sectors, including banks, insurance companies, shipping, holding companies, lease-finance, intellectual property and investment businesses. Also, the companies must disclose whether they earned from activities outside UAE, as a part of the filing process.

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