What should I do if a bank requests proof of economic substance in the UAE?
The bank may request: Ejari/office, employees, local expenses, VAT/CT reports, contracts, and actual activity in the Emirates. If substance is insufficient, Xcella helps strengthen operational presence: office solutions, hiring, accounting, reporting, tax compliance — so the company meets bank and ESR requirements.
Related Topics
Accounting, bookkeeping & reporting
How do I perform bank reconciliations for multi-currency accounts in the UAE?
Banking & KYC
How does Xcella handle bank reconciliations for multi-currency UAE businesses?
Company setup & licensing
How do I correct discrepancies in my Dubai trading license?
Banking & KYC
How can Xcella resolve a blocked international transaction with a UAE bank?
Company registration and business support in the UAE
From business registration to comprehensive support.
Structuring and licensing
From connecting to UAE banks to transaction support.
Banks and compliance
Resident visas, licenses, permits and support.
People, status, documents
If you still have any questions, please contact us.
Location:
Office 1701,
Al Shafar Tower 1,
Barsha Heights,
Dubai, UAE
Office 1701,
Al Shafar Tower 1,
Barsha Heights,
Dubai, UAE
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E-mail:
info@xcella.ae
info@xcella.ae
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