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UAE Taxation & Regulatory Compliance

Economic Substance & AML Compliance

ESR assessment and annual reporting alongside AML/CFT programme design and regulatory remediation. This service covers two distinct but often overlapping UAE compliance regimes that carry real penalties for non-compliance.

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Services
UAE
Jurisdiction
What it covers

Scope of service.

PNPC Global's Economic Substance & AML Compliance service covers Economic Substance Regulations (ESR) Assessment & Notification to determine if your entity carries out a Relevant Activity, and Economic Substance Annual Report Filing where required. On the AML/CFT side, we provide AML/CFT Compliance Programme Design, AML/CFT Risk Assessment & Customer Risk Profiling, goAML Portal Registration & Reporting Assistance, KYC & Customer Due Diligence Advisory, and AML/CFT Regulatory Remediation Support for entities addressing findings from a regulatory review.

Services in this category

Economic Substance & AML Compliance.

Key points

What to know.

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Economic Substance Regulations (ESR) Assessment & Notification for Relevant Activities

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Economic Substance Annual Report Filing where in-scope

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AML/CFT Compliance Programme Design and Risk Assessment & Customer Risk Profiling

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goAML Portal Registration & Reporting Assistance and KYC & Customer Due Diligence Advisory

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AML/CFT Regulatory Remediation Support following a supervisory finding

Frequently asked
How do I know if my entity is in scope for Economic Substance Regulations?
ESR applies to UAE entities carrying out defined 'Relevant Activities' — such as banking, insurance, investment fund management, lease-finance, headquarters, shipping, holding company, intellectual property, and distribution and service centre activities. We assess your actual activities against the defined list to confirm scope.
What's the difference between the ESR notification and the annual report?
The notification is a simpler annual filing confirming whether you carry out a Relevant Activity and whether you earned income from it; the report is a more detailed annual filing required only where you earned income from a Relevant Activity, demonstrating adequate substance in the UAE.
Which UAE businesses are required to register on goAML?
Financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) — including real estate brokers, dealers in precious metals and stones, and certain company service providers — are generally required to register and use goAML for regulatory reporting.
What does AML remediation support involve?
If a regulator has identified gaps in your AML/CFT programme — through an inspection or self-assessment — remediation support means redesigning policies, risk assessments and monitoring processes to close those gaps and demonstrate compliance going forward.

Jurisdiction

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United Arab Emirates

Free zone, mainland & offshore

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