The Abu Dhabi Global Market, or ADGM, is an international financial center established in 2013 as a free zone within Abu Dhabi, the capital of the United Arab Emirates. It functions as a hub for financial activities, attracting businesses with its independent legal and regulatory framework. ADGM aims to position Abu Dhabi as a major player in the global financial world, offering a business-friendly environment with access to regional and international markets.
Business Set Up in Abu Dhabi Global Market (ADGM)
Business set up in ADGM is designed for swift and efficient entry into the regional and international marketplace. ADGM’s streamlined processes and business-friendly regulations make establishing your company a breeze. Choose from a variety of legal structures to suit your needs, and leverage ADGM’s world-class infrastructure and unparalleled global connectivity. With its focus on transparency, efficiency, and a robust legal framework based on English Common Law, ADGM empowers your business to thrive in a secure and dynamic environment.
Al Reem Island Expansion
The Abu Dhabi Global Market (ADGM) has expanded its reach, bringing Al Reem Island under its legal and regulatory framework since April 24, 2023. This strategic move strengthens ADGM’s position as a world-class financial center. Businesses establishing themselves on Al Reem Island now require an ADGM commercial license. Existing businesses have a grace period until December 31, 2024, to transition to ADGM’s regulations. This expansion offers benefits like a business-friendly environment, access to global markets, and streamlined processes. If your business is located on Al Reem Island, ensure compliance with ADGM regulations by December 31, 2024
Other Services of AMA in ADGM
- Corporate
ADGM offers a comprehensive suite of corporate services, from streamlined setup and licensing to ongoing compliance support. This allows you to focus on your core business activities while AMA navigates the legalities and ensures your company operates within ADGM’s regulations.
- Compliance
At AMA Audit Tax Advisory, we understand compliance complexities can be a burden. That’s why we advocate for the Abu Dhabi Global Market (ADGM). ADGM offers a clear framework, but ongoing compliance can be time-consuming. Let AMA handle licensing renewals, recordkeeping, and filings, freeing you to focus on growth. We ensure your ADGM success, worry-free.
- Accounting
AT AMA Audit Tax Advisory, we know accounting can be a distraction. That’s why we recommend the Abu Dhabi Global Market (ADGM). While ADGM offers a streamlined environment, managing your financial records can be time-consuming. Let AMA step in. We provide expert accounting services, ensuring accurate bookkeeping and financial reporting. Focus on your business vision, and AMA will keep your ADGM financials running smoothly.
- Tax
At AMA Audit Tax Advisory, we navigate complexities. That’s why we recommend the Abu Dhabi Global Market (ADGM). ADGM boasts a competitive tax regime, but tax optimization requires expertise. Let AMA be your guide. We’ll help you understand ADGM’s tax benefits and ensure you comply with regulations, maximizing your financial advantage
Frequently Asked Questions (FAQs)
ADGM Company Setup – AMA Audit Tax Advisory
1. What is Abu Dhabi Global Market (ADGM)?
Abu Dhabi Global Market (ADGM) is an international financial center (IFC) located on Al Maryah Island in Abu Dhabi. It operates under its own civil and commercial legal framework based on English common law, and is regulated by three independent authorities:
- ADGM Registration Authority (RA)
- Financial Services Regulatory Authority (FSRA)
- ADGM Courts
2. What types of companies can be registered in ADGM?
ADGM allows the incorporation of various types of entities, including:
- Private Companies Limited by Shares
- Branches of foreign companies
- Foundations
- SPVs (Special Purpose Vehicles)
- Investment Funds
- Tech startups and FinTech firms
AMA can advise on the best structure for your business objectives.
3. What are the benefits of setting up a company in ADGM?
Some key advantages of ADGM include:
- 100% foreign ownership
- Zero corporate and personal income tax (currently)
- Access to a common law legal system
- Fast-track licensing process
- Reputable financial and professional services ecosystem
- No restrictions on capital repatriation
- International arbitration center (ADGM Courts)
4. Who should consider setting up a business in ADGM?
ADGM is ideal for:
- Financial institutions (banks, asset managers, insurers)
- FinTech startups
- Legal and consulting firms
- Family offices and holding companies
- Tech companies
- Investment funds
AMA provides tailored consulting based on your industry and target market.
5. What is the process for business setup in ADGM?
The general steps are:
- Define business activity & structure
- Reserve company name
- Submit application with required documents
- Office space lease or virtual office agreement
- Receive incorporation certificate and business license
AMA can manage the entire setup process on your behalf.
6. What documents are required to set up a company in ADGM?
While exact requirements depend on the company type, commonly needed documents include:
- Passport copies of shareholders and directors
- Proof of address
- Business plan (for regulated firms)
- Company structure chart
- Board resolution (for corporate shareholders)
AMA ensures all documents are compliant and correctly submitted.
7. Can I set up a holding company or SPV in ADGM?
Yes, ADGM is a preferred jurisdiction for SPVs and holding structures due to its legal clarity and tax efficiency. These structures are commonly used for:
- Asset protection
- Real estate holding
- Intra-group financing
- Intellectual property ownership
AMA offers advisory and formation services for SPVs and holding companies.
8. Do I need to rent office space in ADGM?
Yes, businesses must have a registered address within ADGM, though certain entities (like SPVs) can use virtual office solutions. AMA can help you find cost-effective leasing options or flexi-desk solutions.
9. Is ADGM regulated differently than other UAE free zones?
Yes. ADGM operates under a common law framework, unlike other UAE free zones based on civil law. It also provides more robust regulatory oversight for financial institutions, making it ideal for global investors and professionals.
10. How can AMA Audit Tax Advisory assist with ADGM company formation?
AMA provides end-to-end ADGM support, including:
- Business structuring and jurisdiction comparison
- Name reservation and legal documentation
- Liaising with ADGM authorities
- Assistance with banking and office setup
- Ongoing accounting, audit, and compliance services
