Abu Dhabi Global Markets Free Zone
ADGM
About Abu Dhabi Global Market
The Abu Dhabi Global Markets Free Zone, also popularly known as ADGM, is amongst the key international financial centers. ADGM occupies the whole of Al Maryah Island and has been designated the financial centre of Abu Dhabi, with its own civil and commercial laws.
With a world-class regulatory regime and promoting an overall vibrant atmosphere for wealth management, asset management, investment banking, amongst other forms of financial services, the ADGM proves to be a good place for your business setup.
The strategic location, supportive ecosystem, and regional & global market access give businesses looking to set up in the ADGM free zone an excellent offer.
Benefits of Setting Up a business in the ADGM Free Zone
There are a number of benefits to establishing in the Abu Dhabi Global Markets Free Zone, which includes the following:
- 100% Foreign Ownership: Full control of your business without the need for a local sponsor.
- Tax Efficiency: 9% corporate tax, 0% import/export tax, 0% personal income tax.
- Strategic Location: It provides a strategic location in Abu Dhabi with huge scope for connectivity and access to the markets in the Middle East, Asia, and Africa.
- Strong rule of law: It operates under one of the internationally recognized English Common Law systems.
- Access to a wide pool of capital: It serves as a center for wealth management firms, central banks, pension funds, and investment banking services
Types of Entities in ADGM
ADGM offers a number of entity types:
- Limited Liability Company (LLC)
- Branch of a Foreign Company
- SPVs for asset management and financial services
- Foundations for specific needs in wealth management and investment strategies
Business Licenses Offered by ADGM Free Zone
Based on the type of activities, ADGM issues:
- Financial services license: These firms belong to the financial services industry, such as banking services, investment banking, wealth management, and risk management.
- Non-financial license: The firms involved in businesses related to professional services, technology, media, and more.
Each license gives them an entitlement to operate within the ambit of ADGM and enjoy its world-class facility, amenities and financial services.
How to set up a business in ADGM Free Zone?
The process of business setup in ADGM is very simple.
Step 1: Select a business license
Choose accordingly whether you are offering financial service or another industry, what license best fits your business operations.
Step 2: Choose your business structure
Select the type of entity that best suits your requirement, an LLC or a branch of a foreign company.
Step 3: Choose Your Buisness Name
Proposed at least 3 business names and submitted for approval to the ADGM Free Zone Authority.
Step 4: Submit application
Submit application for business incorporation with shareholder details along with passport copies and digital passport size photo.
Step 5: Get the Trade license
The ADGM authority will issued a license and incorporate your company once all the documents are vetted.
FAQs - Company Formation in ADGM Freezone
Q1. How long does it take to set up an ADGM free zone company?
It generally takes anywhere between 7-14 business days, depending on how complex your business activities are and how promptly you submit the required documents.
Q2. How much does setting up a company cost in the ADGM free zone?
It depends on factors such as business type, office space, and the number of shareholders. You can calculate ADGM business setup costs by using our cost calculator.
Q3. What is the difference between ADGM and DIFC?
Both of them are free financial zones, but ADGM is based in Abu Dhabi, while the DIFC is located in Dubai. Basically, ADGM specializes in asset and wealth management, while DIFC focuses on investment banking and financial institutions.
Why Choose RFZ for a Business Incorporation in ADGM?
Want to establish your business in the Abu Dhabi Global Markets Free Zone?
RFZ Corporate Services Provider offers a comprehensive solution for all the requirements related to business setup, paving the way for seamless end-to-end processing of applications.
Whether your aim is to set up an asset protection or a wealth management firm, we are here to guide you through each step of the way.
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