The ADGM and DIFC licensing frameworks are in terms of the regulatory permissions, proposed business activities and required supervisory oversight. Prior to incorporation, applicants need to understand their activities in case of non-regulated commercial activities and regulated financial services expecting additional authorisation. ADGM & DIFC Licensing Framework: Activity classification Both ADGM licensing and DIFC licensing jurisdictions classify businesses in terms of their intended activities.  JurisdictionAuthorityClassification approachADGMRegistration Authority (RA) and Financial Service Regulatory Authority (FSRA).Regulated financial and commercial activities.DIFCRegistrar of Companies [...]