Are you considering setting up a business in Abu Dhabi but don’t know where to start? Look no further than ADGM Company formation. The Abu Dhabi Global Market (ADGM) is a leading financial centre in the UAE and offers numerous benefits for entrepreneurs looking to establish their business.
Abu Dhabi Global Market (ADGM) is the world’s premier international financial centre free zone located in the heart of the UAE’s capital, Abu Dhabi. Established in 2015, ADGM is a strategic initiative by the UAE government to diversify the country’s economy and create a world-class financial centre that serves the Middle East, Africa, and Asia.
Setting up a company in Abu Dhabi Global Market (ADGM) can be a great way to tap into the growing economy of the United Arab Emirates (UAE). ADGM is a financial-free zone located in Abu Dhabi that provides a range of benefits for businesses, including tax exemptions, 100% foreign ownership, and streamlined business processes. ADGM offers a wide range of financial services, including banking, asset management, insurance, and capital markets. It is designed to attract global financial institutions, multinational corporations, and start-ups to set up their operations in the region.
How to Start a Financial Company in UAE
By registering with ADGM, foreign investors can start new businesses in the financial sector of the UAE. Business setup in Abu Dhabi Global Market is considered the most reputable financial centre in the international market. It is home to some of the biggest sovereign wealth funds in the world and offers great liquidity due to significant private wealth and several catalytic partners. with its favourable tax climate and distinctive linkage to east and west markets.
The company registration process of a financial company in UAE must be completed by a local agent or company in the case of foreign enterprises. Also, any individual seeking to offer this financial assistance must have a financial consultancy or financial analyst license to provide their services in the UAE.
Through its innovative and transparent regulatory systems, business-friendly operations, use of English Common Law, independent judicial jurisdiction, and well-established regional and global strategic partnerships, ADGM offers its business community exceptional service and growth opportunities in addition to staying true to international best practices.
Types of Activities Permitted in ADGM
Financial
ADGM is the best platform to establish financial services firms and institutions as it proves to be most premier financial service authority in Abu Dhabi.
These include activities like
- Banking
- Corporate and Transaction Banking
- Private Banking and Wealth Management
- Investment Banking
- Money Services Business
- Digital Banking
- Capital Markets
- Brokerage
- Market Infrastructure
- Virtual Asset Activities
- Securities
- Wealth and Asset Management
- Investment Management
- Funds and Fund Management
- Asset Servicing
- FinTech
- FinTech
- The ADGM Reg Lab
- The ADGM Digital Lab
Non-Financial
Corporations and non-financial firms based in ADGM benefit from its extensive corporate service provider network, a wealth of business services, and the assurance of its legal framework built on international standards and application of English common law, whether you’re looking to start a new business or establish a regional entity.
Activities Includes
- Professional services providers, such as law firms and accounting firms, consultants, business training providers, IT and HR/search firms
- Corporate headquarters, management offices and treasury functions
- Single-family offices and propriety investment entities
- Holding companies and special-purpose vehicles
- Industry and professional associations
- Retail outlets, F&B and services
The business development managers of Adam Global will help you with the documentation process, assess your eligibility for registration and make your journey hassle-free.
How can Adam Global help you with the ADGM registration?
Meet eligibility requirements:
Engage with a Listing Advisor:
Engage with a Listing Advisor:
Prepare listing documents:
Submit listing application:
Undergo due diligence:
Get approval and start trading:
Experts at Adam Global can guide you through these steps to ensure a smooth and successful listing process. We can also provide ongoing support to help our clients comply with the regulatory requirements and maximize the benefits of being listed on the ADGM.
What are the Documents Required for ADGM Registration
Memorandum of Association: This is a legal document that outlines the company’s objectives and purpose, as well as the rights and responsibilities of its members.
Articles of Association: This document details the internal management structure of the company, including how decisions are made, the roles and responsibilities of directors, and rules for holding meetings.
Passport copies: Passport copies of all shareholders, directors and beneficial owners are required for identification purposes.
Address proof: Proof of address is required for all shareholders, directors, and beneficial owners.
Bank reference letter: A bank reference letter is required for each shareholder, director, and beneficial owner to confirm their financial standing.
Business plan: A detailed business plan outlining the company’s objectives, market analysis, and financial projections is required.
Share capital: The company must have a minimum share capital of AED 10,000.
Appointment of company secretary: A company secretary must be appointed within 30 days of incorporation.
Registered office address: A registered office address in ADGM is required for the company.
Resolution of the board of directors: A resolution of the board of directors authorizing the incorporation of the company is required.
These are the basic documents required to register a company with ADGM. However, additional documents may be required depending on the nature and size of the business. It is always advisable to consult company formation specialists like Adam Global to ensure all necessary documents are provided for the registration process.
Benefits of ADGM Company Setup
The Abu Dhabi Global Market (ADGM) is an economic free zone located in Abu Dhabi, United Arab Emirates. Setting up a business with ADGM can offer several benefits, including:
- Favourable Business Environment: ADGM provides a business-friendly environment with modern infrastructure, streamlined regulations, and a supportive regulatory framework. This can help businesses to operate efficiently and effectively.
- Strategic Location: Abu Dhabi is a strategic location that serves as a gateway to the Middle East, Asia, and Africa. This can offer businesses access to a wide range of markets and opportunities.
- Tax Benefits: ADGM offers a tax-free environment for businesses, including a 100% exemption from taxes on profits and capital gains, as well as no personal income tax or value-added tax (VAT).
- Simplified Business Setup: Setting up a business with ADGM is straightforward and streamlined, with a range of business structures available to suit different needs. This can help to reduce administrative burdens and costs.
- Access to Funding: ADGM offers access to a range of funding opportunities, including venture capital, private equity, and debt financing. This can help businesses to secure the capital they need to grow and expand.
- Strong Legal Framework: ADGM has a robust legal framework that is based on English common law, which can provide businesses with a level of legal certainty and protection.
- Access to Talent: Abu Dhabi has a highly skilled and diverse workforce, which can provide businesses with access to the talent they need to succeed.
Overall, setting up a business with ADGM can offer a range of benefits that can help businesses to thrive and grow in a supportive and dynamic business environment.
Why choose Adam Global for starting a business in ADGM
The reason to choose Adam Global for setting up a business in ADGM is our expertise and experience in the region’s business landscape we have. With a team of experienced consultants who are well-versed in the legal and regulatory requirements for setting up a business in ADGM.
Additionally, Adam Global offers a wide range of services that are tailored to meet the specific needs of the clients. These services include company registration, licensing, visa processing, accounting and bookkeeping, and other related services. Adam Global also extensive network of partners and associates in the region. This enables us to provide clients with a range of additional services, such as legal advice, banking and financial services, and other business support services.
In conclusion, if you’re looking to set up a business in ADGM, Adam Global is a suitable choice. With the experience, expertise, and comprehensive range of services, we can provide you with the support you need to set up and run a successful business in the UAE.
