A Guide to Setting Up Your Business in Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM) is an international financial centre and free zone located across Al Maryah Island and Al Reem island in the United Arab Emirates’s capital, Abu Dhabi. The financial centre was established in 2013 and became fully operational in October 2015.It has three authorities The Financial Services Regulatory Authority, The Registration Authority and the ADGM Courts. The authorities altogether provide an international and supportive business environment within ADGM.

Benefits of Incorporating in ADGM

• The ADGM is a Common Law jurisdiction, a factor that ensures familiarity and comfort to international investors.
• No restriction on repatriation of capital and profit which ensures full control over investment, higher liquidity and less risk to the investors.
• Global connectivity offered by Abu Dhabi which enables investors from major cities of the world to access ADGM within eight hours of flight.
• State of the art infrastructure provided by ADGM offers luxury and affordability.
• Unrestricted foreign ownership.
• The ADGM has one of the most streamlined and swift business set up process among the various freezones in the UAE.

 

Let’s explore the various steps involved in ADGM Company setup

1. Submitting the application:

Preparation and submitting the application includes:
Selecting the nature of your business.
Selecting the legal structure
Identifying the office space.
Preparation of necessary documents and submission.

2. Obtaining the business license

ADGM offers various types of business license depending upon the type of the proposed business activity. However, obtaining license for financial activities is subject to additional approval from The Financial Services Regulatory Authority (FSRA).

3. Getting Visa and opening a corporate bank account

Once the business license is obtained the entity can proceed with opening a corporate bank account as well as getting visa for the entity’s workforce. This marks the final step in ADGM Company Setup.

4. Commencement of business.

Once the above steps are completed then the entity can commence its business activity.

Cost of setting up in ADGM

• Registration Fees

The cost of setting up in ADGM varies depending upon the type of license applied for. The registration fees range from $6000 to $15000 which is subject to any additional cost including cost of multiple licenses or any special arrangements.

• Leasing Cost

ADGM offers a range of flexible leasing options, from fully private office spaces to co-working environments, allowing investors to choose spaces that best fit their operational needs and budget. The cost of leasing depends upon the type and size of office space chosen. The average cost ranges from $19000 to $40000.

Incorporating business with our assistance.

At ECAG Incorp, we bring over 20 years of experience and have successfully served thousands of multinational and SME clients across the UAE, Bahrain, the UK, and India. Our team is highly dedicated to serving you with the best assistance on your company formation from documentation to opening a corporate bank account.

Beyond incorporation, we offer services in auditing, accounting, taxation, and corporate governance to ensure your business remains compliant and successful.