ATTEND A FREE VIRTUAL WORKSHOP OUTLINING THE NEW ECONOMIC SUBSTANCE REGULATIONS.

‘Economic Substance Regulations’ – at a glance:

ESR Regulations, as introduced by UAE in 2019, require UAE onshore and free zone companies and other UAE business firms that carry out the “Relevant Activities” to maintain an adequate “economic presence” in the UAE relative to the activities they undertake and to perform such ESR test on an annual basis by providing notification & Return to their licensing authorities as a part of the compliance.

First notification pertaining to financial year 2019 is to be sent by such entities from 01 Jan 2020 onwards; followed by submission of ESR Return within 12 months from the end of their relevant financial period (i.e. 31^st Dec 2020 in most of the cases)

Understanding ESR is paramount to ensure you make the right decisions for your company.

Is your entity in-scope of the new legislation? Is it able to pass the economic substance test? Let’s join us in the ESR Workshop to know more.

TO REGISTER EMAIL : p.dhalwani@ifcgroup.co

Presenter Profile:

Pramod Dhalwani

Mr. Pramod Dhalwani is a Fellow Member of Institute of Chartered Accountants in England and Wales (ICAEW).  Mr. Dhalwani has 25 plus years of experience of VAT in UK.  He is a specialist in setting up accounting and business systems in the SME sector.  He was recognized for his positive contribution to his employer at the Fast Growth Business Awards organized by Crimson Publishing in UK as “Finance Director of the Year” finalist.  Mr. Dhawani is solution oriented and has a positive and open minded approach in his professional and personal life.

Rahul Chitkara

Mr. Rahul Chitkara is a qualified Chartered Accountant from Institute of Chartered Accountants of India (ICAI) with progressive 9 plus years of experience in finance and tax-compliance having exposure to diversified global industry verticals specialised in compliance and governance, tax-technology implementation & advisory and risk management. He is highly proficient in business process consulting and his core competencies include project management, ERP & tax-technology consulting, and  IT-finance strategic initiator. He is also a certified ‘Project Management Professional’ (PMP) qualified from PMI (USA).

Company Profile:

IFC Group was established with the aim of providing world class services, designed specially to support Entrepreneurs from the inception of their business to its execution.  Our approach combines the traditional methodology and modern practices to provide advice to our clients that is effective in the current and future ecosystem.

IFC is a UK qualified Chartered Accountancy practise based in Dubai. It started operations in 2012 and has maintained the reputation of delivering excellence till date.  IFC has the experience, expertise and industry knowledge to assist businesses in streamlining operations, improving MIS, enhancing efficiencies and providing robust Financial Controls Framework. IFC’s clients have successfully attained exponential growth and continue to grow.

We are registered auditors with various free zone authorities including Dubai International Financial Centre (DIFC), Dubai Multi Commodities Centre (DMCC) and Dubai Silicon Oasis Authority (DSOA). IFC is also an Approved Training Employer (ATE) with the Institute of Chartered Accountants in England and Wales (ICAEW), and Gold Approved Employer for Association of Certified Chartered Accountants (ACCA). Our team comprises of Chartered Accountants qualified from South Africa, India, Pakistan and UK.

The organization is headed by Pramod Dhalwani, the CEO and founder of IFC. Within operations, Pramod has helped them achieve significant savings by streamlining Management Information Systems (MIS) and operations, including successfully delivering of major projects in UK, Spain, Norway, United Arab Emirates, Kingdom of Saudi Arabia, South Africa, India and smaller projects in other GCC countries.