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Abu Dhabi Global Market (ADGM) Free Zone

 

Set in the heart of Abu Dhabi, the Abu Dhabi Global Market (ADGM) Free Zone is an ideal location for investors to set up a company in the financial sector, especially private banking, wealth management, and asset management. The Abu Dhabi free zone provides an efficient and robust business environment for the firms operating in the financial service industry. Commenced in the year 2015, ADGM has made substantial progress in collaborating with the bigwigs, both domestically and internationally. They have collaborated with prominent authorities like the Economic Department in Abu Dhabi, the UAE’s Central Bank, Insurance Authority, Abu Dhabi Municipality and the Financial Service Commission in Jersey.

The Abu Dhabi Global Market has 3 independent authorities providing a holistic environment by allowing companies to operate from the center. They are:

Registration Authorities

If an individual wants to establish a business in ADGM free zone, Registration Authorities are the first point of contact for the same. They support and guide you through the whole process of company formation, registration and licensing.

Financial Service Regulatory Authority (FSRA)

The main objective of FSRA is to establish a robust and well-regulated financial market with a high level of regulatory transparency and engagement.

ADGM Courts

They have a fully independent common law framework to adjudicate civil and commercial disputes.

Benefits of Setting Up a Business in ADGM Free Zone

Just like any other free zone in the UAE, ADGM also had its own advantages for setting up a business:

  • - 100% foreign ownership
  • - 0% tax for 50 years
  • - Zero restrictions on the repatriation of capital and profits
  • - Common law jurisdiction
  • - Simple and convenient business procedures
  • - Availability of dedicated skilled professionals
  • - No requirement to have corporate documents attested and legalized (in most cases)
  • - No physical office space required in ADGM. As a registered agent, the Sovereign will provide registered addresses for special purpose vehicles (SPVs)
  • - No restrictions on nationality for the purposes of share ownership

Types of Entities in ADGM Free Zone

There are mainly 4 types of entities investors can set up in ADGM free zone:

  • - Company Limited by Shares
  • - Branch of a Foreign Company
  • - Company Limited by Guarantee
  • - Partnership Firm

Why Set Up a Business in ADGM Free Zone?

If the aforementioned benefits are not enough, there are many more reasons why you must set up your business in Abu Dhabi free zone. ADGM’s legal and operational platform is ideal for a wide range of professional and business services, not just financial services. They not only provide a hassle-free business platform for clients to operate from but also support the member institutions, providing them with the ideal regulatory framework, legal jurisdiction and appealing business environment they need to prosper. Apart from this, a few other reasons are:

  • - Independent judicial system based on English Common Law
  • - Modern infrastructure and global connectivity
  • - Migration or continuity of existing corporate entities permitted
  • - No liquidator required for the wind-down process

Contact us to set up your business in Abu Dhabi Global Market Free Zone, our team will be glad to assist you!

For more information and enquiries, please (Contact Us) at  00971558879700 or email us at info@sterlingheightsuae.com

   

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