Abu Dhabi Global Market (ADGM)
Abu Dhabi Global Market Authority, Abu Dhabi
Description
Abu Dhabi Global Market (ADGM)
| Emirate | Abu Dhabi |
| Website | https://www.adgm.com/ |
| Contact Email | info@adgm.com |
| Contact Info |
Phone: +971 2 333 8888
Address: Al Maryah Island, Abu Dhabi, UAE
|
| Year Established | 2013 |
| License Types | Financial Services, Non-Financial Services, Retail, Professional Services |
| License Cost | AED 38,000.00 - License fees start at approximately AED 38,000 per year for non-financial entities. |
| Formation Cost | AED 103,000.00 - Initial setup costs, including license and office rental, start from AED 103,000 for non-financial entities. |
| Minimum Capital Requirement | AED 50,000.00 - Minimum capital requirements vary depending on the type of business activity. |
| Allowed Business Activities | Banking, Asset Management, Insurance, FinTech, Professional Services, Retail Operations |
| Company Legal Structures | Private Company Limited by Shares, Branch of a Foreign Company, Limited Liability Partnership, Foundation |
| Allowed Activities | Financial Services, Professional Services, Retail, Consulting |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | AED 3,170.00 - The employment visa costs AED 3,170 per person, including medical and Emirates ID. |
| Employee Visa Cost | AED 3,170.00 - The employment visa costs AED 3,170 per person, including medical and Emirates ID. |
| Processing Time (Days) | 14 days - The average time expected to complete the registration process starts from fourteen working days. |
| Physical Office Required | Yes |
| Office Space Options | Serviced Offices, Co-Working Spaces, Customizable Office Suites |
| Office Space Cost | AED 50,000.00 - Office rental costs start from AED 50,000 per year, depending on the space and facilities. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), HSBC |
| Governing Laws | Operates under a legal framework based on English common law. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | AED 38,000.00 - Annual renewal fees start at AED 38,000, varying by business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, 0% corporate tax, 0% personal income tax, No restrictions on capital repatriation, Independent regulatory framework, Access to regional and international markets |
| Drawbacks | Higher setup and operational costs compared to other free zones |
| Specific Compliance Requirements | Compliance with Anti-Money Laundering (AML) regulations, Adherence to international financial reporting standards |
