ADGM Company Formation & Registration

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ADGM Business Setup

Abu Dhabi Global Market (ADGM) is a premier free zone located on Al Maryah Island, the financial district of Abu Dhabi, UAE. Its strategic location has made ADGM a top destination for businesses aiming to establish a presence in the region. With over 2,000 active companies, ADGM has proven its capability to attract both local and international businesses.

ADGM is renowned for its robust regulatory framework that fosters stability, transparency, and investor confidence. While originally focused on the financial services sector, ADGM has evolved into a versatile ecosystem, accommodating a wide range of industries, including retail, Special Purpose Vehicles (SPVs), and non-financial businesses.

This flexibility makes ADGM an ideal choice for company formation, offering the necessary infrastructure and legal support to facilitate smooth business operations.

License costs in ADGM vary depending on the type of business and the license required. The cost structure for ADGM company formation is highly competitive, with various options designed to meet the needs of different industries. License fees typically cover all essential business activities, from banking and investment management to insurance and fintech.

ADGM offers businesses numerous advantages, such as access to a skilled workforce, world-class amenities, and a dynamic community of entrepreneurs and innovators.

Overall, ADGM company formation presents an attractive opportunity for businesses seeking growth and global expansion. The cost of a license in ADGM is a valuable investment, given the zone’s strategic location, comprehensive regulatory environment, and thriving business ecosystem.

ADGM Business Setup Advantages

Full Foreign Ownership

International businesses are not required to have a local Emirati sponsor, allowing 100% foreign ownership.

Tax Incentives

Enjoy a 50-year tax holiday, with no withholding tax on dividends, interest, or royalties.

Independent Regulatory Authority

ADGM operates under the Financial Services Regulatory Authority (FSRA), ensuring compliance with international standards while maintaining flexible, industry-specific regulations.

Modern Infrastructure

ADGM provides state-of-the-art office spaces, excellent infrastructure, meeting facilities, and comprehensive support services.

Double Taxation Treaties

The UAE has double taxation agreements with over 135 countries, ensuring businesses avoid paying tax on the same income twice.

Common Law Framework

ADGM practices English Common Law, a globally recognized and trusted legal system for international businesses.

Strong Business Ecosystem

ADGM promotes a collaborative environment that encourages business networking, partnerships, and growth.

Innovation and Fintech Hub

ADGM offers sandbox programs and innovation licenses, allowing startups and tech companies to test their products and services in a controlled environment.

Licenses Available in ADGM

✅ Financial Services License: For businesses engaged in financial activities such as banking, asset management, insurance, investment funds, brokerage, and other financial services.

✅ Non-Financial License: For businesses involved in sectors like education, manufacturing, hospitality, media, logistics, general trading, and more.

✅ Professional Services License: For businesses offering specialized services such as management consultancy, legal services, marketing consultancy, IT, and more.

✅ Tech Startup and Innovation License: Tailored for tech-driven startups and fintech companies.

✅ Retail License: For businesses in the retail sector, including physical outlets, restaurants, cafes, and other retail-related operations.

✅ Fund Management License: For companies involved in managing investment funds, such as private equity, venture capital, or real estate funds.

✅ Family Office License: Designed for family-owned businesses and private wealth management entities.

✅ Freelancer License: For individuals offering professional or consultancy services on a freelance basis.

ADGM Business 

Setup Process

Timeline: 4 to 8 weeks

Step 1: Initial Consultation

Engage with ADGM representatives or a business consultant to discuss your business requirements, industry focus, and licensing needs.

Takes 1 to 2 days

Step 2: Submit Application

Complete and submit the online application through the ADGM portal, providing essential details related to your business.

Takes 1 day

Step 3: Name Reservation

ADGM reviews your application and reserves the company name, ensuring it aligns with its naming conventions and guidelines.

Takes 1 day

Step 4: Pre-Approval

ADGM conducts thorough due diligence on the company and its shareholders, including background checks and assessments of the proposed business activities.

Takes 3 to 5 days

Step 5: Document Submission

Gather and submit all necessary documentation required for the business setup.

Takes 3 to 5 days

Step 6: Payment of Fees

Make the required payments for registration and licensing, which are essential for establishing your business in ADGM.

Takes 1 day

Step 7: License Issuance

Once all documents are approved and fees are paid, ADGM issues the business license, officially authorizing your company to operate.

Takes 3 to 5 days

Step 8: Office Space Setup

Secure office space within ADGM and finalize a lease agreement.

Takes 3 to 10 days

Step 9: Visa Processing

Apply for visas for shareholders and employees, as required for business operations.

Takes 10 to 15 days

Step 10: Bank Account Opening

Open a corporate bank account in Abu Dhabi once the business license has been obtained.

Takes 1 to 2 weeks

Documents Required in ADGM

Required documents vary based on the legal structure of the business: Private Limited Company, Limited Liability Partnership, Branch of a Foreign Company, Special Purpose Vehicle (SPV), Foundation, and Fund (e.g., QIF or Exempt Fund).

Entity TypeRequired Documents
Private Limited Company (PLC) Articles of Association (AoA)
Shareholders' passport copies
Director(s) details
Proof of registered office address
Board resolution for company formation (if applicable)
Limited Liability Partnership (LLP)Partnership Agreement
Partners' passport copies
Details of managing partners
Proof of registered office address
Resolution of the partnership for company formation
Branch of a Foreign CompanyCertificate of Incorporation of the parent company
Memorandum and Articles of Association of parent company
Board resolution approving branch setup
Passport copy of branch manager
Power of attorney for branch manager
Special Purpose Vehicle (SPV)Incorporation documents (shareholder structure
Passport copies of shareholders
Registered office address proof
Board resolution for SPV formation
Details of directors and company secretary
FoundationCharter and By-laws
Founder(s) passport copies
Board of Governors details
Proof of registered office address
Asset contribution agreement (if applicable)
Fund (e.g., QIF or Exempt Fund)Fund documentation (e.g., Fund Prospectus, Fund Management Agreement)
Director(s) passport copies
Details of fund manager and investment committee
Proof of registered office address
Approval from the Financial Services Regulatory Authority (FSRA)

ADGM Company Formation Cost

The cost of establishing a company in ADGM varies depending on the type of license required. The starting price for all licenses is AED 73,460 ($20,000). However, the final cost can differ based on the nature of your business and the specific requirements of the license you apply for.

In addition to the license fees, other costs may apply, such as office space, which can vary significantly based on the location and size of the premises within ADGM. While ADGM typically allows 100% foreign ownership, eliminating the need for local sponsorship, certain businesses may still require a local sponsor, adding additional costs.

Visa and permit fees are also factors that can influence the overall cost of setting up a business in ADGM.

Note: The prices mentioned are estimates and may vary based on specific circumstances. For an accurate cost breakdown, we encourage you to consult with our experts, who will guide you through the ADGM company formation process and provide a tailored financial estimate to meet your business needs.

By partnering with a consultant, you can ensure full transparency in the cost structure, making your ADGM company formation smooth and manageable.

Speak with a Business Advisor

Frequently Asked Questions (FAQs)

About Outsourced Accounting & Bookkeeping

Why should I outsource my accounting and bookkeeping needs?

Outsourcing your accounting and bookkeeping tasks to professionals like Gloace Fintax Consultants offers several benefits, including cost savings, access to expertise, improved accuracy, and the ability to focus on core business activities.

How does Gloace Fintax Consultants ensure the security of my financial data?

At Gloace Fintax Consultants, we take the security of your financial data seriously. We employ stringent security measures, including encryption, firewalls, and access controls, to safeguard your data against unauthorized access or breaches.

Can Gloace Fintax Consultants customize its services to meet my specific business needs?

Yes, absolutely. We understand that every business is unique, which is why we offer tailored accounting and bookkeeping solutions to meet your specific needs and goals. Whether you need basic bookkeeping services or comprehensive financial management, we’ve got you covered.

What are the costs associated with outsourcing accounting and bookkeeping to Gloace Fintax Consultants?

The cost of our services depends on factors such as the complexity of your financial needs, the volume of transactions, and the level of support required. We offer transparent pricing and will work with you to develop a customized service package that fits your budget.

How can I get started with Gloace Fintax Consultants?

Getting started with Gloace Fintax Consultants is easy. Simply contact us to schedule a consultation with one of our experts. We’ll discuss your needs, assess your current financial situation, and develop a customized plan to help you achieve your business goals.

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