ABU DHABI GLOBAL MARKET (ADGM)2024-10-03T15:47:10+04:00

UAE MAINLAND

ABU DHABI GLOBAL MARKET (ADGM)

What is the significance of having a UAE mainland firm, and what does it represent?

Established in 2013, ADGM aims to position Abu Dhabi as a leading global financial hub.

ABU DHABI GLOBAL MARKET (ADGM)

UAE Mainland

Established in 2013, ADGM aims to position Abu Dhabi as a leading global financial hub.

What is the significance of having a UAE mainland firm, and what does it represent?

Abu Dhabi Global Market (ADGM) is a premier international financial center strategically located on Al Maryah Island in Abu Dhabi, UAE.

After introducing digital asset regulation in 2018, IADGM became a desirable jurisdiction for cryptocurrency enterprises and began to regulate the trading of digital assets. ADGM became a member of the World Alliance of International Financial Centers in that same year.

With an independent legal system based on English common law, it functions as a self-regulating financial free zone and offers legal and regulatory clarity that attracts foreign enterprises and investors. ADGM’s “One-Stop-Shop” service simplifies company registration and provides multiple license alternatives. It also manages government relations and visa processing. In addition, ADGM offers top-notch workspaces to meet a range of corporate requirements, including flexible business centers and Grade A offices in ADGM Square. A strong regulatory framework and a supportive infrastructure provide an inventive and dynamic business environment that draws global enterprises, financial institutions, and professional services.

Professional service providers and a company directory that encourages corporate networking and collaboration are part of the jurisdiction’s supportive environment. With advanced regulatory frameworks that assist industries like fintech and digital assets, ADGM places a high priority on innovation and technology. Because of its innovative strategy, ADGM is a great option for businesses wishing to enter new markets and take advantage of expansion prospects in a fast-paced commercial setting.

Special Purpose Vehicles (SPVs) in ADGM are used for structured finance, securitization, ring-fencing investments, and other similar activities. They offer a flexible structure suitable for holding assets, risk mitigation, and facilitating transactions. Notably, SPVs do not require physical office space in ADGM. Setting up an SPV involves determining its purpose and structure, preparing necessary documentation (such as an application form, articles of association, details of directors and shareholders, and a business plan), and submitting the application via ADGM’s online registration portal. ADGM authorities review the application and may request additional information, and upon approval, a license is issued.  An efficient regulatory framework of SPVs in ADGM is based on English common law, full foreign ownership, tax advantages and flexibility in structuring, allowing for various types of corporate structures and operations.

The benefits of foundations in ADGM include ideal solutions for wealth and succession planning to ensure assets are managed and transferred according to the founder’s wishes, and high levels of confidentiality for founders and beneficiaries. The ADGM Registration Authority is the primary point of contact for setting up SPVs and Foundations, providing detailed guidance and support, while many professional services firms within ADGM offer assistance with setup and ongoing management.

ADGM is a top choice for company formation and business expansion due to its all-encompassing support, superior regulatory framework, advantageous location, and friendly business climate.

 

Advantages Of Business Setup in ADGM

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Latest articles

Types Of UAE Free Zone Trade Licence

On the UAE free zone, businesses can be divided into four main licences depending on their activity type: General Trading, Commercial,
Industrial and Service. Below is a general look at each licence type.

 

Abu Dhabi Free Zones

The businesses that are covered by Abu Dhabi’s free zones include small companies, media, and logistics.

 

Legal Forms For Company Formation In UAE Free Zones

The legal forms available for company registration in UAE free zones have been modified to meet the needs of different business kinds and investment levels. Below is a summary of the main corporate organizations and applicable legal frameworks found in UAE’s free zones:

 

Free Zone Establishment (FZE)

A Free Zone Establishment (FZE) registration allows for a single shareholder to form a company. This shareholder can be an individual (person) or a corporate shareholder.

FZCO (Free Zone Company) ( FZ- LLC)

An FZCO is essentially a multiple shareholder or a partnership freezone firm where there is more than one shareholder in the company with a maximum of 50 shareholders.

Branch of a Foreign Company

A branch is a separate legal entity , under the control of the parent foreign company . It is used in the UAE as a marketing tool for the parent company.

Branch of a UAE Company

A branch office setup is a separate office or branch of an existing company. The local company already has a license in the UAE. Hence, this is an expansion of the local business.

Why Abu Dhabi Global Market (ADGM) For Your Company Formation?

There are various clear benefits to forming a company in ADGM when compared to other jurisdictions. For enterprises, ADGM offers a strong regulatory framework that complies with global norms, guaranteeing openness and legal certainty. Additionally, the jurisdiction permits 100% foreign ownership, which appeals to foreign investors that want total control over their projects.

ADGM provides a prime position in Abu Dhabi, a significant international financial center close to important markets in Asia, Africa, and the Middle East. This geographic advantage improves business prospects and market reach by making it easier to access regional and worldwide markets.

The company formation process is modernised by ADGM’s online registry solutions, which provide effective and user-friendly services for registering, incorporating, and running enterprises.

Standard Required Documents to Start the
Business Setup Process

Let’s launch your business with success! Ensure you have all the necessary documents ready to streamline the setup process!

  • Passport copies of shareholders and managers.
  • Passport-sized photos of shareholders and managers.
  • Residence Copy / Entry Stamp / Visit Visa Copy.
  • Business plan (sometimes required).
  • No Objection Certificate (NOC) from the current sponsor if the shareholder has a UAE residency visa.

Your Guide To Setting Up A Free Zone Business In UAE

Your business setup checklist is ready. Let’s launch your business with success!

  • 1
    Decide on your business venture.
  • 2
    Choose the best UAE location for your company
  • 3
    Choose the legal framework for your company.
  • 4
    Give your business name.
  • 5
    Apply for Initial Approval.
  • 6
    Prepare Legal Documents.
  • 7
    Lease Office Space.
  • 8
    Obtain Licenses.
  • 9
    Open a Corporate Bank Account.
  • 10

    Apply for the number of visas your company will require.

  • 11

    Register for VAT (if applicable)

We Business Setup Consultants will assist you to launch your project in the UAE Free Zones from A to Z without any hassles and provide you post launch assistance for your visas and all corporate services that you might need in the future.

We Business Setup Consultants will assist you to launch your project in the UAE from A to Z without any hassles and provide you post launch assistance for your visas and all corporate services that you might need in the future.

Frequently Asked Questions

Common Questions About Business Setup in the Abu Dhabi Global Market (ADGM)

What initiatives does ADGM undertake to support sustainable finance?2024-07-12T05:29:53+04:00

ADGM is committed to sustainable finance by promoting awareness, collaboration, and ecosystem development to foster sustainable economic growth.

How does ADGM monitor and enforce regulations?2024-07-12T05:30:24+04:00

ADGM maintains and enhances its reputation by ensuring that all business activities within its jurisdiction comply with regulatory standards through monitoring and enforcement.

What is ADGM’s insolvency framework?2024-07-12T05:30:58+04:00

ADGM’s insolvency framework is aligned with international best practices, providing greater protection for both insolvent parties and creditors through its insolvency practitioners.

What is ADGM’s approach to data protection?2024-07-12T05:31:26+04:00

ADGM promotes data protection by upholding the rights of individuals and their personal data, ensuring that ADGM entities comply with data protection regulations.

What obligations must register entities in ADGM comply with?2024-10-04T16:20:33+04:00

Registered entities in ADGM must comply with specific obligations and compliance requirements, detailed in ADGM’s regulatory documents and guidelines.

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