Abu Dhabi Global Market (ADGM) Company Formation

Abu Dhabi Global Market (ADGM)

The Abu Dhabi Global Market is a financial center recognized internationally. It is in the capital of UAE, on AI Maryah Island. ADGM was established by the Chamber of Commerce in 2013 and became a completely operational zone in the year 2015. Three authorities regulate it:

1. The ADGM Courts
2. The Registration Authority
3. The Financial Services Regulatory Authority

The ADGM Courts are for legal and justice services. The Registration Authority is for the registration-related process, and the Financial Services Regulatory Authority manages and regulates the financial sector. With a highly business-friendly and supportive ecosystem, it is today being acknowledged and appreciated globally.
Let us know some of its benefits below to understand the reason behind its immense popularity.

Benefits of setting up a business in Abu Dhabi Global Market:

Abu Dhabi offers a wide range of services along with an efficient environment. Here is a list of them:

It provides one of the top strategic locations in the whole emirate.
It can support your business in more than one way with applications, official spaces, governmental activities, and more.
It connects you with a lot of opportunities by giving access to its vast market connection.
It helps your business in being highly efficient and valuable by offering a great ecosystem. This ecosystem channels an increased growth in any industry.

Services Available at Abu Dhabi Global Market:

Services at ADGM are listed below-

It allows complete ownership.
It is free from the taxation environment.
Allowance on repatriation of profits.
It has a brilliant and updated infrastructure.
It grants an entirely digital process for application.
The method of registration is more straightforward and hassle-free.
It has an independent firm to maintain and regulate legality.
Supportive towards visas and governmental services.

Procedure to set up business in ADGM:

To set up your business in the Abu Dhabi Global Market, you will need to do the following-
1. Contact the Business Development team of ADGM to understand the application process. You can reach out at [email protected] or +97 1233 3888 88
2. Know about the paperwork accordingly. Your paperwork will depend upon the type of business and the type of license required for it.
3. Submit the necessary documents after getting them reviewed by the ADGM team.
4. Obtain the incorporation certificate.
5. If your business requirements include office space, then acquiring it is your next step. 6. You can also go for brilliant banking services under the guidance of the ADGM team.

Procedure for visas and government services:

To proceed with visa and government services, you will need to follow three steps-

Step 1- Make an account on the virtual client portal of Abu Dhabi Global Market, namely, ACCESSADGM. It is a helpful portal for visas, letters, permits, and more.

Step 2- Get an e-channel account and an establishment card made. These are necessary to process the visa services application.

Step 3- The last step is to apply via the client portal for the service accordingly finally.

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Abu Dhabi Global Market (ADGM) : FAQs

Anyone or any organization that wants to serve as financial help can have a license at ADGM.
There are four main steps to be followed during registration and Incorporation. They are-

a. Depending on the nature of your business, the ADGM team will advise you on the type of license your business would require and the forms to be filled out. You can visit registration.adgm.com to browse through the various registration forms.
b. Upon receiving your application, the ADGM team will review it and advise if further actions are needed. Upon completion of the review process, ADGM will issue the incorporation certificate for your business.
c. Issuing of commercial license.
d. Apply for the establishment card and FAWRI account required during the process of application of visas.

Yes. The three foremost authorities at ADGM regulate, maintain, and consider legality in it. These firms are the Registration Authority, the ADGM Courts, and the Financial Services Regulatory Authority.

Business Setup HQ has already helped many investors and owners form their companies without second thoughts and aims to do so even further. If you are willing to start a business in UAE, you can always book your first call with us.