Business in ADGM
Business In Free Zones UAE
Introduce Your Company In ADGM Today
All About ADGM
ADGM – Abu Dhabi’s Largest Business Hub
ADGM was built in 2013 a few years back and is now a popular financial free zone in the United Aram Emirates. We can explore an excellent business environment, regulatory framework, and tax benefits in this zone. This free zone operates through Al Maryah Island which helps connect with other markets for higher expansion.
Key Sectors: Corporate services, financial and banking service providers, asset management.
Ideal For: Businesses providing banking, corporate, financial, and insurance services.
Strategic Location
This free zone operates through Al Maryah Island which is the core reason behind its popularity because it connects it with other global markets.
Global Expansion
This free zone has a great reputation worldwide because of the success rate of business there, regulatory frameworks, and the business environment.
Foreign Ownership
You don’t need to have a local agent or share your operational decision authority. Foreign business investors can get 100% ownership rights in this free zone.
Tax Efficiency
You don’t need to get into paying corporate or personal tax. Meanwhile, there’s no need to invest in higher expenses to ensure maximum profitability.
Business Opportunities
You find several opportunities to enhance your business activities and access global talent under the suitable business environment of ADGM.
Quick Registration
There’s a streamlined procedure when applying for business registration in ADGM. Meanwhile, prepare the required documents following regulatory laws, and submit your application along with the fee and that’s it.
Start Your Business in ADGM Now!
Types Of Licenses Offered In ADGM
Below are the few most popular types of licenses offered by ADGM:
Financial Services License:
This license is specified for businesses involved in financial activities such as asset management, banking, and insurance. To get this license, your business must show compliance with the particular governance.
Non-Financial License:
The license is specified for businesses with zero engagement with financial services and providing professional services such as accounting and consulting. There are further three types of non-financial licenses including commercial, industrial, and professional services licenses.
Retail License:
The businesses promoting retail activities in ADGM usually apply for this license such as shopping malls, retail shops, and restaurants.
Special Purpose Vehicle License (SPV):
SPVs are obtained for project finance, securitization, and more. Businesses focusing on risk management, investment, and asset management apply for them.
Holding Company License:
It is essential to obtain this license when your entity holds some shares or has assets in other companies. You can hold your investments in subsidiaries without engaging in any operational activities.
Corporate Service Provider License (CSP):
CSPs are specified licenses for businesses that provide professional services to companies such as administrative services, company setup services, and corporate services.
ADGM Authorities And Legal Entities
Three independent legal entities or authorities operate in ADGM ensuring businesses align with the best working practices. These authorities are responsible for checking your higher compliance with International Financial Hubs and Centers worldwide.
The Registration Authority:
This entity is in charge of helping businesses get set up and handle everything from scratch to the end such as preparing legal documents, reserving a professional trade name, and allowing you to apply for the specified licenses and operate legally.
FSRA – Financial Service Regulatory Authority:
FSRA is responsible for checking businesses providing financial services are completely following international standards transparently. Sectors including banking, insurance, investment, and related are regulated by this authority.
ADGM Courts:
It’s the world’s first digital court/authority ruling legal laws and ensures businesses are independently following common laws and regulations of the specified government.
Business Structures Under ADGM
There are various business structures offered by the Abu Dhabi Global Market free zone. You can adopt any that aligns with your business goals.
LLC Or Limited Liability Company:
One of the most popular business structures is highly adopted in ADGM and provides limited liability to the shareholders. Assets of individuals are protected in case of business debts and liabilities.
Branch of A Foreign Company:
This business structure is adopted by foreign companies to set up a branch in a particular zone without forming a separate entity. It conducts the same business activities and operates under a foreign company name.
Limited Partnership (LP):
Under this license, partners of a business are limited. Plus, there should be one general partner with unlimited liability while one or more with limited liabilities to their investments.
Private Company Limited By Shares:
It’s a popular business structure in ADGM similar to the LLC. Usually, businesses that do not plan to offer shares to the public adopt this structure.
Public Company Limited By Shares:
Businesses that have plans to raise their capital by offering shares to the general public adopt this license. To adopt this business structure, your company must have at least two shareholders.
Business Set Up in ADGM
Step-by-Step Guide to Develop Business in ADGM
You must follow a few steps keeping the rules and regulations of the free zone in mind. And here these are:
Business Plan:
The first step is to completely develop your business plan, so you can understand what specific rules and regulations are going to be applied to you.
Choosing Structure:
Now, you have to choose the legal structure for your business. i.e., LLC, representative office, or branch office. After that, you need to shift toward the next steps.
Reserving Name:
Now, choose the legal business name and reserve it by collaborating with the registration authorities of ADGM.
Documents Preparation:
Prepare the required documents which include certificates of your identity, business plan, a complete application filled with the right information, etc.
Submitting Application:
After preparing all your documents, submit an application to the ADGM through their portal for ADGM Freezone company formation. After the initial approval, you will get the application approved and the license in hand.
Registration with Legal Entities:
Before opening a corporate bank account you must register with a legal entity such as the registration authority, ADGM courts, and the FSRA. Registering with these entities ensures your business aligns with the best practices.
Book Free Consultancy
Why Choose Smart Ezone
Setting up your business in the Abu Dhabi Global Market isn’t an easy task. You have to follow laws, and regulations and fulfill all the requirements of the higher authorities. But with Smart Ezone, the procedure is super easy for you because we guide you throughout the procedure. Start with us and let’s build your profitable business in the freezone.
