ositioned in the heart of Abu Dhabi, ADGM Free Zone is a financial free zone. Established by the Federal Decree in 2013, ADGM free zone has its peculiar civil and commercial laws. As a part of developing an energetic financial services segment in the UAE, ADGM plays as a strong support in Abu Dhabi’s economic vision. This free zone is controlled by three independent authorities such as:
The Dual Licensing Regime permits ADGM registered entities that hold a valid ADGM commercial license to apply for a license issued by the Abu Dhabi Department of Economic Development (DED) which authorises them to conduct business activities outside the borders of ADGM without the need to maintain additional office space in mainland Abu Dhabi.
Advantages of Functioning from ADGM
Main Attractions of ADGM Administration
Categories of Business Entities Offered for Set up
Companies Regulations and Commercial Licensing Regulations provides ADGM’s legal framework for incorporation, registration and licensing of legal entities.
Following are the types of entities allowed:
Type of business activities and kind of company to be formed, should be acknowledged by the aspirant, in order to acquire a license from ADGM and begin operations. Companies here may be limited by shares or by guarantee, or they may be unlimited. Divisions of a
foreign company or partnership firms may also establish themselves in the ADGM free zone. The Limited Liability Partnerships Regulations 2015 provide for the establishment and operation of limited liability partnerships as a corporate structure.
Special Purpose Vehicle (SPV) Regime
A complete, cost effective and flexible Special Purpose Vehicle (SPV) regime has been applied by ADGM. It is a corporate vehicle reputable for the purpose of isolating financial and legal risk by separating assets and liabilities. SPV’s can be formed as subsidiaries, project or joint venture vehicles, to make sure that only those assets connected to a transaction are exposed to the liabilities associated with that transaction.
Uses of ADGM’s SPV’s:
Available Business Premises
A short discussion with us will give you an insight about our support services to enter and make office arrangements, as ADGM have further entered into terms with Regus Serviced offices and a professional meeting environment with in Grade A workspaces.
Free Zone with Independent Jurisdictions
The distinctive facet of the ADGM free zone is the element that there are three independent authorities with in the free trade area, i.e., The Registration Authority, The Financial Services Regulatory Authority (FSRA) and the ADGM Courts. This incorporation guarantees that the zone is in link with best practices and that a firm within Abu Dhabi Global Market Square is known by all global financial centres.
Independent Court System Based on the British Common Law
The ADGM courts of first occurrence and of the appeals court are accountable for all civil and commercial disagreements within the ADGM. The legal background of this free trade area, is grounded based on the British Common Law so that the above-mentioned courts can access well-established precedent cases. This in turn make sure that the ADGM offers its stablishments with the equivalent level of
security and flexibility in governing and legal terms as better-known centres like Hong Kong, Singapore and London.
License for Tech Start-Up
This license allows new entrepreneurs to set up their new company very cost effectively in the Emirates. A mailbox service or the address of a consultant or agent is more than enough and need not require physical office space. This type of start-up license is valid for 2 years only and there after the company must be converted into a complete license.