Abu Dhabi Global Market (ADGM) offers a unique and vigorous environment for businesses seeking to establish a presence in the UAE. As a prominent financial free zone, ADGM provides entrepreneurs with a range of benefits, such as tax exemptions, full foreign ownership, and access to global markets. Below are answers to some of the most frequently asked questions about ADGM company formation to help guide you through the process.
What types of businesses can be set up in ADGM?
ADGM allows a wide range of business activities to be conducted within its jurisdiction. These include financial services, professional services, trading, technology, and more. Before starting your company, it’s essential to identify your business activity from the approved list. This will determine the necessary permits and licenses required for your specific business.
What are the requirements for company ownership in ADGM?
One of the key benefits of ADGM is that it allows 100% foreign ownership for companies. There are no restrictions on foreign nationals owning and controlling their businesses in ADGM. This is a significant advantage for international entrepreneurs looking to operate in the UAE without the need for a local partner.
How do I register my company in ADGM?
The company registration process in ADGM involves several straightforward steps. You’ll need to select your business activity, choose a legal structure, and submit the required documentation to the ADGM Registration Authority. This includes proof of identity, business plans, and information about the company’s shareholders and directors. Once approved, you will receive your trade license.
Do I need a physical office in ADGM?
Yes, businesses in ADGM are required to have a physical office within the free zone. However, ADGM offers flexible office space options ranging from serviced offices to virtual office setups, allowing businesses to choose the most appropriate option based on their needs and budget.
What are the costs involved in ADGM company formation?
The cost of company formation in ADGM varies depending on the type of business, legal structure, and office requirements. Fees typically include registration fees, license fees, and rent for office space. It’s important to consult with the ADGM Registration Authority or a business setup consultant to get a clear idea of the total costs for your specific business.