ADGM Free Zone

Abu Dhabi Global Market (ADGM) Free Zone, situated in the heart of Abu Dhabi, is an ideal platform for investors across different business sectors to explore the potential growth opportunities in Abu Dhabi, UAE and the Middle East, Africa and South Asia (MEASA) markets. The ADGM Free Zone offers an excellent business environment for entities involved in the finance sector, especially wealth management, asset management and private banking. The free zone was established in 2015 and has been making significant progress in collaborating with both regional and international key market players.

ADGM Authorities

The three independent authorities of the ADGM Free Zone provides a robust business environment for the firms operating from here.

1. Registration Authority

The registration, incorporation and licensing of legal entities are handled by the Registration Authority and it supports all the government-related activities. The authority offers a range of activities to ease the market entry, development and emergence of a sustainable business community. The Registrar helps the companies to set up a business in the ADGM Free Zone right from submitting the application to obtaining the business license.

2. Financial Service Regulatory Authority (FSRA)

An efficient and transparent marketplace aids in meeting the ever-growing demand of the Abu Dhabi economy and the global market. The Financial Services Regulatory Authority was established to offer a progressive financial services environment and sustain the integrity of the international financial center by dealing with any potential risk exposure and unfavorable impact.
FSRA mainly focuses on establishing a robust and well-regulated market space with a high-level of transparency. It practices a progressive approach in its operations through engagements on introduction, public consultations and amendments of rules and policies.

3. ADGM Courts

ADGM Courts offers unique digital services that deliver an end-to-end seamless experience, which changes the way the judicial services operate. The businesses operating in the ADGM Free Zone can benefit from ADGM Courts since it supports innovation and adheres to international rules and regulations. The ADGM Courts has an independent law framework that helps in regulating civil and judicial regulations.

Perks of Setting Up a Business in ADGM Free Zone

ADGM Free Zone offers immense growth potential to businesses operating from there. Some of the benefits include, but not limited to,

Complete foreign ownership

No tax for 50 years

No restrictions on the repatriation of capital and profits

Common law jurisdiction

Simple, yet convenient business procedures

Presence of dedicated skilled professionals

No physical office space required in the ADGM

No restrictions on nationality for share ownership

Types of Entities in ADGM Free Zone

The ADGM free zone supports mainly four types of business entities, namely,

Company Limited by Shares

Company Limited by Guarantee

Branch of a Foreign Company

Partnership Firm

Key Steps to Set Up a Business in ADGM Free Zone

In ADGM Free Zone, you can set up a Company Limited by Shares, where the appointment of a minimum of two directors is mandatory. Otherwise, you can set up the Branch of a Company already established in the UAE or any foreign land. In order to register a business in Abu Dhabi’s financial market, the businesses should furnish all details in the online application forms through ADGM online registry solutions. Though paper-based application is acceptable, an extra fee is charged for the same. The ADGM Free Zone presents a business-friendly four-step business set up process as follows:

Business Development

You could find a special business development team in ADGM to discuss your business requirements, after which you could fill up the application form through online registry solutions/paper and submit.

Registration and Incorporation

After the application is processed and approved by authorities, you can proceed to fill up the online registration/incorporation form. At this stage, you need to submit all the necessary documents specified in the form.

Commercial License

The approval of online registration/incorporation form is followed by the issuance of commercial license for your business. If the documents submitted are correct, it will not require more than a week for the approval from authorities.

Government Services

In order to apply for ADGM issued Visa, you must first apply for a FAWRI account and Establishment Card.

Documents Required for Setting Up a Business in ADGM Free Zone

Copy of passport, visa page or immigration entry stamp and Emirates ID of Director(s), Secretary and Shareholder(s)

Application form for reservation of the proposed company name

Copy of the business plan

Statement of guarantee for companies limited by guarantee

Statement of capital and initial shareholding for companies limited by shares

Statement of proposed officers of the entity

Trade name reservation document

Statement with the intended address of the company

Copy of Articles of Association (AOA) and resolution of the board of directors

Copy of the lease agreement for the office space

Confirmation of restricted scope of the company

Duly filled and signed data protection form

Duly filled and signed beneficiary or ultimate owner form

Any other documents that may be required by the authorities, based on the scope of activities that the company would be undertaking

Price Estimate to Set Up a Business in ADGM Free Zone

The ADGM Free Zone is extremely business-friendly and is one of the best free zones to set up a business in the UAE. Multifarious business opportunities exist in ADGM, from which startups to well-established corporations could gain immense benefit. The business set up processes are simplified, however, an expert consultation is advisable to guide you through the different steps. A consultant from Prime Global can answer all your queries related to registering a business in ADGM Free Zone. Our consultant will thoroughly understand your requirements and help you arrange everything required to establish your dream business in the ADGM Free Zone. Contact us now to get a free walkthrough through the entire process!

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