Abu Dhabi Global Market (ADGM) is a financial free zone located in al Maryah Island, a vibrant business and lifestyle community and an urban hub in the heart Abu Dhabi, the capital city of the UAE.
ADGM is an independent jurisdiction designed not only for financial services, but also for a broad range of professional and business services, with different legal structures.
It is made up of three independent authorities that provide a holistic environment enabling registered companies to conduct and operate with confidence: 1) the Registration Authority, responsible for promoting the environment, registering and incorporating companies and supporting the business community; 2) the Financial Services Regulatory Authority, that regulates all financial services on the island based on a risk-based and outcome-focused regulatory philosophy; 3) the Courts, that provide a legislative framework based on Common law, which allows registered companies to draw on a well-established set of precedents.
ADGM allows the following legal structures for conducting a business:
- Public Company Limited by Shares: company that has a share capital and limits the liability of each member to the amount unpaid on their shares. It may offer shares for sale to the general public and may be quoted on the stock exchange.
- Private Company limited by Shares: company that has a share capital and the liability of the member is limited to the amount, if any, unpaid on their shares. A private company cannot offer its shares for sale to the general public.
- Private Company Limited by Guarantee: company that does not have a share capital and its members are guarantors rather than shareholders. The members’ liability is limited to the amount they agree to contribute to the company’s assets if it is wound up.
- Private Company Unlimited with Shares: company that has share capital but there is no limit to the member’s liability.
- Private Company Unlimited without Shares: company that does not have share capital and there is no limit to the member’s liability.
- Restricted Scope Company: a private company that may only be registered in ADGM if : a) it is a subsidiary undertaking of another company that prepares and publishes group accounts under the Companies Regulations or such other enactment as the Registrar may recognise; or b) It is a subsidiary undertaking of a company that is incorporated by a law issued by the government of the United Arab Emirates or of any Emirate of the United Arab Emirates. c) It is directly or indirectly owned by one person or a group of persons who are members of the same family.
- Branch of Foreign Company: a branch of company incorporated or formed outside of ADGM, whether under the federal or local laws of the United Arab Emirates or the law of the country or territory in question who is registered and licensed to operate in ADGM.
Areas of Business:
- Agriculture, Forestry and Fishing
- Mining and Quarrying
- Electricity, Gas, Steam and Air Conditioning Supply
- Water Supply, Sewerage, Waste Management and Remediation Activities
- Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles
- Transportation and Storage
- Accommodation and Food Service Activities
- Information and Communication
- Real Estate Activities
- Professional, Scientific and Technical Activities
- Administrative and Support Service Activities
- Public Administration and Defence, Compulsory Social Security
- Human Health and Social Work Activities
- Arts, Entertainment and Recreation
- Other Service Activities
- Activities of Households as Employers, Undifferentiated Goods and Services Producing Activities of Households for Own Use
- Activities of Extraterritorial Organizations and Bodies
Abu Dhabi Global Market Benefits:
- 100% corporate tax exemption
- 100% personal income tax exemption
- 100% foreign company ownership
- 100% repatriation of capital and profits
- No withholding of taxes or VAT
- Multiple commercial space options
- Efficient digital services
For more information, please visit https://www.adgm.com/
Contact us today to setup business in Abu Dhabi Global Market!