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ADGM Company Setup Step by Step

By Sakshi Srivastava - 04 Mar 2022 Last Updated: 04 Mar 2022
ADGM Company Setup Step by Step

Abu Dhabi Global Market, or simply ADGM, is an International financial centre in the United Arab Emirates that opened in 2013 and has since issued around 2500 registrations. It is a key player with a lot of potential for many business owners.

If you're thinking about selling up in the UAE, specifically ADGM, this blog will walk you through all of the necessary requirements. While the setup technique is not unduly complicated, it does necessitate some professional knowledge to guarantee that it is both simple and compliant. As a result, it's essential that you engage with a company formation professional to ensure that all of the important aspects are taken care of and that your business gets off to the best possible start. So, in this blog, Dhanguard go over everything you need to know.

What exactly is ADGM?

ADGM is a global financial free zone governed by English common law (the first time English Common Law has been directly applied in the Middle East). The Registration Authority (RA), the Financial Services Regulatory Authority (FSRA), and the ADGM Courts are the three independent authorities that oversee it.

Financial services, professional services, technology, and other industries are welcome, and it is well-known as a desirable location for corporate headquarters, holding companies, and Special Purpose Vehicles (SPVS) it is situated in a region with easy access to the remainder of the Middle East, as well as the European and African continents. In short, by establishing your business here, you're ensuring the highest possible chance of success in a reputable financial centre.

Advantages of Forming a Holding Company in ADGM, UAE

ADGM is known around the world for its business-friendly ecosystem, so if you're looking to buy real estate, shares in other companies, or hold other assets (including intellectual property), it's worth looking into.

Here are just a few of the many advantages available at ADGM.

  • A distinct legal identity Entrepreneurs can use ADGM holding corporations to reduce risk.
  • There is no necessity for a share capital. This, combined with the lack of a physical office need, means that a holding company at ADGM can be cost-effective.
  • Common Law in England Assurance that you're functioning within a legal framework that's been defined
  • Minimum requirements are only necessary to have one shareholder and one director.
  • Customization when it comes to articles of incorporation, there are a few things to consider.
  • Tax residence in the UAE and access to the UAE's network of double tax treaties
  • Other advantages is you can also benefit from the migration and continuation of existing corporate organizations, as well as the lack of document attestation and the ability to hold several classes of shares.

How to Form a Business in ADGM, UAE?

When it comes to forming a company in ADGM, there are several processes to follow, and a thorough study of a variety of topics is essential, including company structures and the licensing process itself.

Let's have a look at some of the most important aspects of ADGM setup

  • Gather all relevant documents (business plan, articles of incorporation, copies of key personnel's passports, etc.) before submitting your application
  • Submit your application through the ADGM site
  • Once authorized, you will obtain your license (usually within 10 days)
  • Working with a specialist at this stage will ensure that your ADGM business runs smoothly and efficiently.
  • When it comes to starting a business in ADGM, you can trust Creative Zone to provide you with the most up-to-date information from those who deal with it on a daily basis.
  • While the process of forming a company might be stressful, you can make it go more quickly by working with a company formation professional. It's the quickest method to get started in the UAE, because we'll handle all of the details and make sure your application is error-free.
  • We can also assist you with opening a corporate bank account and provide valuable advice on the type of financial institution that would be best suited to your needs.
  • Dhanguard provides you with the greatest options for launching your business in the UAE. You get quick, accurate, and unbiased advice on your specific business setup needs. We can assist you in selecting the appropriate license for your company activity/activities and walk you through the complete procedure from beginning to end.
  • You can leave the bother of company registration to us while you concentrate on your business. Working with us also means you'll get the most cost-effective and budget-friendly solution to help you realize your business goals.

Cost of a Holding Company License in ADGM (UAE)

To acquire a precise quotation, contact Dhanguard. We will provide you a quote that is suited to your specific needs. However, creating a holding company or Special Purpose Vehicle for the first year should cost around AED 3,000. The ADGM license cost is combined with fees for an office address and professional services to arrive at this total. The ADGM cost is reduced to AED 1.200 in the second year.

If you believe this is the appropriate move for you, simply contact Dhanguard to set up your new company and begin the next chapter in your professional life.

Is it Possible for a Foreigner to Establish a Holding Company in the UAE?

Yes, a foreigner can establish a business in ADGM, which allows for 100 percent foreign ownership of UAE holding corporations. Financial and non-financial business operations are both open for applications.

If you think starting a business in ADGM is the correct option for you, call Dhanguard to get your new company set up and begin the next chapter of your life.

Conclusion

Dhanguard Business Consultants have extensive experience in assisting with all aspects of business setup and related services in ADGM. Our consultants will assist you with the registration of your company, the issuance of licenses, and the management of your firm. Connect with Dhanguard for more details.

Dhanguard provides the business setup and company formation services in Dubai, UAE with the guidance of our professional team of consultants. Faster and hassle-free company setup in Mainland and Freezone in UAE.

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