Welcome to E Z Setup, your gateway to seamless and stress-free business compliance services in the vibrant and dynamic city of Dubai. We understand that compliance with local regulations and laws is crucial for the success and sustainability of your business. With our expert team and extensive experience, we are here to guide you through the intricate landscape of business compliance in Dubai.
Our team of professionals boasts an in-depth understanding of Dubai’s regulatory framework, enabling us to provide you with tailored compliance solutions.
We know that compliance is not just about ticking boxes; it’s about ensuring that your business adheres to all legal requirements accurately and efficiently.
At E Z Setup, we offer a wide range of compliance services designed to meet the specific needs of your business.
On 30 April 2019, the UAE Cabinet issued the Cabinet of Ministers Resolution No. 31 of 2019 concerning Economic Substance Regulations (ESR) requiring all in-scope UAE entities to comply with the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) to ensure that profits are accounted by the entities where the actual economic activities are conducted and value created.
According to the regulations, the UAE has been added to the European Union‘s list of non-cooperative tax jurisdictions due to concerns raised by the European Commission. UAE’s legislation should also be aligned with the OECD’s Base Erosion and Profit Shifting (BEPS) action plan through the regulations.
ESR requires all businesses having a commercial license, certificate of incorporation, or similar permits issued by any regulatory authority in UAE (licensees) to carry out one or more Relevant Activities to substantiate adequate economic substance in the UAE. Whereas, ESR excludes UAE licensees with direct or indirect holding of at least 51% by any UAE Government, Governmental authority, and/or body.
With the United Nations, international groupings like the European Union, and other powerful nations having sanctioned many countries and with the ever-increasing risk of illegal money being laundered, there is enhanced focus by global governmental watchdogs to detect and penalize offenders. Therefore it has become extremely important to comply with the strict guidelines on AML Compliance.
E Z SETUP’s Compliance and Anti-Money Laundering Advisory in UAE works with organizations to effectively monitor and manage risk and ensure adherence to regulatory requirements. With varied interests in play globally, it may also so happen that a conflict of interests may arise – as some of the regulations may not be conducive to promoting business growth. The wise strategy would be to strike a fine balance between the two.
While complying with governmental regulations is not optional and is mandatory, it is also important not to lose sight of business goals. Juggling the two is difficult, but that is where we step in to help you strike the right equilibrium, growing the business and staying within guardrails.
Compliance Policy & Procedures
Anti-Money Laundering (AML) Support
We assist you in obtaining the necessary licenses and permits required for your business, whether it’s a mainland company, a free zone entity, or an offshore business.
We ensure that your business complies with all local regulations and industry-specific requirements, helping you avoid potential legal issues.
Our team handles visa applications, sponsorship, and other immigration-related processes to facilitate the smooth entry and stay of your employees in Dubai.
We help you navigate UAE labor laws, ensuring that your employment contracts, benefits, and working conditions align with local regulations.
Dubai’s tax landscape is evolving. We keep you updated on the latest tax requirements and help your business stay in compliance with VAT and other taxation regulations.
Accurate financial records and reports are essential. We provide accounting and financial compliance services to keep your books in order and help you meet reporting obligations.
We assist in establishing and maintaining sound corporate governance practices, which are increasingly important in Dubai’s business environment.
Proper documentation and record-keeping are vital. We help you manage and store your business records securely, ensuring easy access when needed.
In case of legal issues or disputes, we provide guidance and support to help you navigate the legal landscape in Dubai.
At E Z Setup, we understand that compliance is not a one-size-fits-all concept. Our team works closely with you to create a customized compliance strategy that aligns with your business goals. Let us be your trusted partner in navigating the complex world of business compliance in Dubai. Contact us today, and let’s ensure your business operates seamlessly within the bounds of UAE’s regulatory framework. With E Z Setup, compliance is no longer a challenge; it’s an opportunity for growth and success.
