Setting up Business in ADGM (Abu Dhabi Global Market)
“Abu Dhabi Global Market an international financial centre where the future shines”
Abu Dhabi Global Market is a broad-based international financial centre for local, regional and international institutions, established in accordance with the Federal Law.
ADGM’s three independent authorities – the Registration Authority, the Financial Services Regulatory Authority (FSRA) and ADGM Courts – ensure that our business-friendly environment operates in line with international best practice that are recognized by major financial centres across the world.
Modelled on the world’s best international financial centres, Al Maryah Island is home of Abu Dhabi Global Market
A financial free zone, designated the jurisdiction of Abu Dhabi Global Market and a financial free zone by Cabinet Resolution Number 15 of 2013, the island will include financial, commercial, leisure, entertainment and residential developments and facilities designed to meet Abu Dhabi’s long-term development and economic ambitions.
Financial Services Regulatory Authority (FSRA)
ADGM’s Financial Services Regulatory Authority (FSRA) is committed to operating a fair, efficient and responsive regulatory environment for its market participants and stakeholders both in the UAE and internationally
In further developing a sound and progressive financial services sector in Abu Dhabi, ADGM aims to establish a robust, well-regulated and enduring financial market that is aligned with international standards and best practices of global financial centres such as London, Hong Kong and Singapore.
REGISTRATION & INCORPORATION
The Registration Authority, an independent body which has the powers to license and register ADGM establishments, is one of the core pillars of ADGM. The Registrar’s main functions under Companies and Commercial Licensing Regulations include:
- Registration of ADGM establishments
- Registration of business names and maintenance of register
- Registration of post-incorporation documentation
- Registration of changes in business name particulars
- Registration of changes in directors, officers, shareholders and share capital
- Enforcement of ADGM companies regulations, Cancellation of Commercial Licences, prosecution and strike off
- Dissolution or restoration of ADGM establishments
Independent judicial system based on English Common Law
ADGM Courts of the First Instance and of Appeal will have jurisdiction over all civil and commercial disputes within Abu Dhabi Global Market, which will ensure the business friendly environment operates efficiently and within a legal framework that is in line with other international financial centres around the world. The legislative framework will be based on English Common Law, enabling the courts to draw on a well-established set of precedents. This will ensure that ADGM offers its member institutions the same level of sophistication, certainty and flexibility in its legal and regulatory regime enjoyed in centres such as Singapore, Hong Kong and London.