Business Setup in Abu Dhabi Global Market in UAE

Company Formation in ADGM – Abu Dhabi Global Market
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Be a part of the ever-growing international hub of business and trade with ADGM company formation!

AGDM (Abu Dhabi Global Market) is an awarded and accredited international financial center in Al Maryah Island, UAE. It helps foreign investors/business entities in benefitting from Abu Dhabi’s powerful and business-friendly economy. It is established as three independent authorities – the Registration Authority, the Financial Services Regulatory Authority (FSRA), and ADGM Courts. All these bodies ensure the formation and monitoring of financial operations for non-natives willing for a business setup in the UAE.

Company formation in ADGM falls strictly under – 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. The implementation of these laws has ensured the congenial and ethical functioning of global companies without any failure. It is backed up by valid license services and Professional Support Programmes to efficiently assist company formation in the UAE.

SPV (Special Purpose Vehicle) is an attractive feature of the Abu Dhabi Global Market. SPV are corporate vehicles (usually privately held companies) formed to eliminate financial and legal risk by ring-fencing assets and liabilities. The ADGM company formation overseas offers great opportunities for individuals and companies in establishing a reputable and prosperous place in the international market.

Primary Benefits of Company Formation in ADGM:

  • Absolute ownership of remote operations,
  • 100% repatriation of capital,
  • Complete exemption from personal income tax, service tax, import and export tax,
  • Possible exemption from corporate tax subject to fulfilment of conditions
  • Independent body from the UAE legal system
  • Wide use of English for easy communication (especially for the common law judicial system)
  • Follows regulatory procedures to reduce risks
  • Contemporary infrastructure and worldwide connectivity
  • A simplified and digitized process of registration
  • Shelf SPVS permitted
Notable Characteristics of AGDM Company Formation:

Location:

Abu Dhabi Global Market, Abu Dhabi (UAE.)

Proposed activity:

The business activities offered by ADGM are categorized into financial, non-financial and retail activities.

License available for company formation in the UAE:

The commercial license is the only available option for ADGM Company Setup.

Type of entities:

Company limited by shares, a company limited by guarantee, private company unlimited with shares/without shares, restricted scope company, partnership and branch.

Shareholder:

Shareholders for ADGM company can be individuals or corporate entities

Director:

Individuals & corporate entities (Minimum one individual mandatory).

Share capital:

USD 10,000/- and above depending on activity for ADGM company setup and USD Nil/- in the case of the Branch office. (Required to be deposited in the bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in the bank pre or post-incorporation.

Audit:

Annual audit report to be filed in ADGM

Estimated time:

3 to 4 weeks to obtain a license for the company and register a company in ADGM.

Another 7-10 working days for an immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on a normal basis.

Setup Process for an Abu Dhabi Global Market Company:

  • Identify the legal form of the company to be registered in ADGM,
  • Select an activity from the ADGM activity list,
  • Apply for name and initial approval,
  • Payment of fees related to ADGM business setup,
  • Sign ADGM company registration and incorporation documents,
  • Apply for an ADGM residence visa.

Documents Required for ADGM Company Registration:

The documents required for business setup in the UAE with ADGM depend on whether a shareholder is an individual or corporate entity. Basic requirements are

  • Color passport copy of shareholder/director/authorised signatory,
  • Color UAE residence visa & emirates id copy of shareholder/director/authorised signatory,
  • Utility bill copy of shareholder/director/authorised signatory
  • Business Plan,
  • CV/Resume of shareholder/director/authorised signatory,
  • N.O.C. from existing sponsor for shareholder/director/authorised signatory,

To know more about the complete requirements for company formation in ADGM call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in ADGM – Abu Dhabi Global Market:

ADGM SPV Company Setup begins from USD 4,000/-.

Other Notes for ADGM/Abu Dhabi Global Market Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholders or directors wishing to have UAE residency visas on the said company will need to revisit after issuance of the license, immigration card and entry permit for residence visa approval for 5 to 7 working days.

How GBS Can Help?

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in ADGM. Our company acts as a one-stop solution for ADGM company incorporation services. If you are looking for company formation in ADGM, please get in touch with us for professional assistance as we are the best business setup consultants in the area.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in ADGM.

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.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

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GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
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AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

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Copyright © 2020 Global Business Services.

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