Overview
A financial free zone called ADGM was created in late 2015. It is a common law
country, meaning that its laws are based on the common law of England and Wales. The sole financial free zone in Abu Dhabi is ADGM, which was established most
recently. Additionally, ADGM has its own legal system, the ADGM Courts, which
may handle business disputes between ADGM corporations and other companies
who “opt in.”
The Abu Dhabi Global Market (ADGM) Free Zone, located in the center of Abu
Dhabi, is the perfect place for investors to launch a business in the financial industry,
particularly in private banking, wealth management, and asset management.
Permitted activities
ADGM allows for a wide variety of financial, non-financial, and retail business to
be conducted, including:
As long as the trust complies with ADGM’s trust law rules, ADGM also permits the
use of trust instruments. These are directly derived from British trust law with certain
modifications. There is no minimal share capital requirement for ADGM enterprises.
They also need at least one director, shareholder, and authorized signature. Private
corporations are not required to appoint a company secretary. The firm may,
however, be subject to extra regulations if it chooses to work in the financial industry
and is governed by ADGM’s Financial Services Regulatory Authority (‘FSRA’).
Abu Dhabi Global Market’s Partners For Business
The Registration Authorities are the initial point of contact for anybody looking to start a business in the ADGM free zone. They assist and mentor you during the whole business creation, registration, and licensing procedure.
Establishing a strong, well-regulated financial market with a high degree of regulatory involvement and openness is the primary goal of the FSRA
To resolve civil and business issues, they have a wholly distinct common law system.
