Company Formation in ADGM – Abu Dhabi Global Market

Abu Dhabi Global Market is a broad-based international financial centre for local, regional and international institutions, established in accordance with the Federal Law No (8) of 2004, Federal Decree No (15) of 2013, Cabinet Resolution No (4) of 2013 and Abu Dhabi Law No (4) of 2013.

ADGM’s three independent authorities – the Registration Authority, the Financial Services Regulatory Authority (FSRA) and ADGM Courts – ensure that business-friendly environment operates in line with international best practice that are recognized by major financial centers across the world.

ADGM is becoming an ideal platform for companies that are looking to startup or expand to the UAE and GCC. With the new license services and the Professional Support Programme, entrepreneurs will be able to influence top-tier ecosystems of investors, private equity firms, seek partnerships to operate and maximize their business.

The key attraction of ADGM is SPV (Special Purpose Vehicle). SPVs are corporate vehicles, typically private companies, established for the purpose of isolating financial and legal risk by ring-fencing assets and liabilities. SPVs can be established as subsidiaries, project or joint venture vehicles to ensure that only those assets related to a transaction are exposed to the liabilities associated with that transaction. As the key feature of an SPV is its separate legal personality, claims by the SPV’s creditors cannot attach to the assets of the SPV’s shareholders or any of its sister companies.

Key Benefits of Company Formation in Abu Dhabi Global Market (ADGM):

• 100% foreign ownership,
• 100% repatriation of capital,
• 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
• Distinct from UAE legal system
• Independent, English – speaking and common law judicial system
• Risk based regulatory approach
• Modern infrastructure and global connectivity
• Quick & easy and fully digital registration process
• Shelf SPVS permitted
• US$ denominated environment

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.