Mastering UBO Compliance & Economic Substance
In the UAE's evolving regulatory framework, maintaining compliance with Ultimate Beneficial Owner (UBO) regulations is non-negotiable. With the repeal of separate Economic Substance Regulations (ESR) reporting, the focus has shifted to demonstrating genuine substance through the Corporate Tax regime. AURNÉ provides expert, forward-looking guidance to ensure you meet both of these critical obligations seamlessly.
The Dual Pillars of Modern UAE Compliance
Professional compliance management provides two key benefits:
- UBO Transparency: Accurately identifying, verifying, and maintaining your UBO register to prevent penalties and align with global anti-money laundering (AML) standards.
- Corporate Tax Optimisation: Demonstrating adequate economic substance to meet Corporate Tax law requirements, which is essential for leveraging tax benefits such as the 0% rate for Qualifying Free Zone Persons.
- Historical ESR Compliance: Finalising any outstanding ESR filings for periods before 2023 to close historical gaps and ensure full compliance.
- Risk Mitigation: Proactively managing compliance risks to avoid fines, operational disruptions, and reputational damage.
- Operational Integrity: Building a strong compliance foundation that supports sustainable growth and investor confidence.
Our Compliance & Advisory Services
UBO Identification & Register Management
We provide end-to-end assistance with identifying UBOs, creating the formal UBO register, and managing ongoing updates to ensure you remain compliant with notification deadlines.
Economic Substance Advisory for Corporate Tax
We analyse your business operations to ensure they demonstrate the necessary substance required under the Corporate Tax law, helping you secure and maintain tax benefits.
Historical ESR Compliance & Record Retention
We help you close the books on historical ESR obligations by completing any necessary filings for pre-2023 periods and advise on the mandatory six-year record retention policy.
Ongoing Compliance Monitoring
We provide continuous monitoring of your UBO structure and business activities to ensure that any changes are promptly reflected in your compliance documentation and reported to authorities.
Why Choose AURNÉ for Your Compliance Needs?
Our Dubai-based team provides expert compliance services:
- Regulatory Expertise: Deep, up-to-date knowledge of UAE UBO regulations and substance requirements under Corporate Tax.
- Proactive Approach: We focus on anticipating regulatory changes and preparing your business for future requirements.
- Integrated Service: We coordinate UBO, substance, and tax compliance to provide a single, streamlined solution.
- Risk-Focused: Our primary goal is to protect your business from the significant financial and operational risks of non-compliance.
- Long-Term Partnership: We offer ongoing support to ensure you maintain compliance as your business grows and regulations evolve.