Setting Up a Business in Abu Dhabi Global Market

adgm

Located in Abu Dhabi’s new Central Business District Al Maryah Island, Abu Dhabi Global Market (ADGM) is an ideal free trade zone to set up a company in the financial service industry.  Since its opening in 2015, ADGM has gained global recognition and won various awards including the Financial Centre of the Year by Global Investor Magazine.What makes ADGM unique is that there are three independent authorities, which are the Registration Authority, the Financial Services Regulatory Authority (FSRA) and the ADGM Courts.

Registration Authority: deals with the incorporation, registration and licensing of legal entities while being business friendly and transparent. Financial Services Regulatory Authority: ensures a fair, efficient and responsive regulatory environment. Its rules and regulations are modelled on and consistent with internationally recognized standards.  

Its aim is to create a financial market that is in line with global financial centres such as Singapore, Hong Kong and London.ADGM Courts: is an independent court system based on the British Common Law to adjudicate civil and commercial disputes.  This system lets the courts access well established precedent cases. The combination of these three authorities make ADGM have the same level of security, flexibility and practices as other global financial centres.

Setting up a business in ADGM has several benefits:

  • Full foreign ownership
  • No personal and corporate tax
  • No limit on repatriations of capital and profits
  • Cost effective business licenses
  • Common law jurisdiction
  • Independent ADGM Courts
  • Growing number of Double Tax Treaties
  • Business friendly environment
  • Digital and efficient application process
  • Company members can get residency visas in UAE
  • State-of-the-art infrastructure and Grade A office space