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Why Set Up A Financial Services Regulated Company in Abu Dhabi Global Markets (ADGM)

why-set-up-a-financial-services-regulated-company-in-abu-dhabi-global-markets-(adgm)

ADGM offers a wide range of benefits for financial services companies, including a stable and predictable regulatory regime, a thriving ecosystem of international banks and businesses, and a strategic location at the heart of the Gulf region.

In addition to, ADGM’s status as an International Financial Centre (IFC) means that it is recognized as a jurisdiction that meets international best practices for regulation and compliance. This provides firms with access to a pool of international talent and expertise and enhanced opportunities for business expansion.

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If you are thinking about why Set Up A Financial Services Regulated Company in Abu Dhabi Global Markets (ADGM) here are some key reasons to consider doing so:

1. A Stable Regulatory Regime

Why Set Up A Financial Services Regulated Company in Abu Dhabi Global Markets (ADGM)? The Abu Dhabi Global Markets Regulatory Authority (ADGMRA) is the independent regulator of financial services in ADGM. It is responsible for developing and enforcing regulations that promote the soundness and stability of the financial services sector while facilitating its growth.

The ADGMRA’s approach to regulation is based on three key principles: transparency, proportionality, and consistency. This means that regulations are designed to be clear and understandable and applied consistently across all firms operating in ADGM.

2. A Thriving Ecosystem of International Banks and Businesses

ADGM is home to a thriving ecosystem of international banks and businesses. This gives companies access to a wide range of expertise, resources, and opportunities for business expansion.

3. A Strategic Location

Why Set Up A Financial Services Regulated Company in Abu Dhabi Global Markets (ADGM)? ADGM is strategically located at the heart of the Gulf region, providing companies with easy access to key markets in the Middle East, Africa, and Asia. In addition, ADGM’s proximity to Dubai – one of the world’s most vibrant and thriving cities – makes it an ideal location for businesses looking to tap into the emirate’s vast economic potential.

4. International Financial Centre Status

As an IFC, ADGM is recognized as a jurisdiction that meets international best practices for regulation and compliance. This provides firms with access to a pool of international talent and expertise and enhanced opportunities for business expansion.

5. A Stable Political and Economic Environment

Abu Dhabi is a politically stable and economically prosperous jurisdiction, which provides an ideal environment for businesses to operate. In addition, the UAE has a well-developed infrastructure and a favorable tax regime, making it an attractive destination for businesses looking to expand their regional operations.

Considering setting up a financial services company in Abu Dhabi Global Markets, these are just some reasons to consider doing so. Contact our experts today for more information about setting up a company in ADGM.

What is the ADGM

What is the ADGM?

The ADGM is the Abu Dhabi Global Market, an international financial center in the United Arab Emirates. The ADGM was established in 2013 to provide a world-class platform for businesses to operate in and from the UAE. The ADGM has its independent legal system and regulatory framework based on Common Law principles. The ADGM is also an IFC, which meets international best practices for regulation and compliance.

What are the benefits of setting up a financial services company in the ADGM?

Why Set Up A Financial Services Regulated Company in Abu Dhabi Global Markets (ADGM)? There are many benefits for financial services companies, including a stable and predictable regulatory regime, a thriving ecosystem of international banks and businesses, and a strategic location at the heart of the Gulf region. In addition, ADGM’s status as an International Financial Centre (IFC) means that it is recognized as a jurisdiction that meets international best practices for regulation and compliance. This provides firms with access to a pool of international talent and expertise and enhanced opportunities for business expansion.

Considering setting up a financial services company in Abu Dhabi Global Markets, these are just some reasons to consider doing so. Contact our experts today for more information about setting up a company in ADGM.

What are the disadvantages of setting up a financial services company in the ADGM?

There are a few disadvantages to setting up a financial services company in the ADGM, such as the requirement to have a physical presence in the jurisdiction and the need to obtain a license from the ADGM Registrar of Companies. However, these requirements are generally considered minor compared to the benefits of operating in the ADGM.

What is the process for setting up a financial services company in the ADGM?

The first step is obtaining a business license from the ADGM Registrar of Companies. Then, you need to comply with all applicable laws and regulations. You will also need a physical presence in Abu Dhabi, which can be fulfilled by leasing office space or hiring staff. Once established in Abu Dhabi, you can begin operating your financial services company.

What are the requirements for setting up a financial services company in the ADGM?

There are a few requirements for setting up a financial services company in the ADGM, such as obtaining a license from the ADGM Registrar of Companies and having a physical presence in Abu Dhabi. However, these requirements are generally considered minor compared to the benefits of operating in the ADGM.

What is the cost of setting up a financial services company in the ADGM?

The cost of setting up a financial services company in the ADGM will vary depending on several factors, such as the type of business you want to set up, the size of your company, and your chosen location. However, in general, the cost of setting up a financial services company in the ADGM is relatively low compared to other jurisdictions.

What are the taxation requirements for a financial services company in the ADGM?

There are no personal income taxes in the ADGM. However, financial services companies are subject to VAT and customs duty. VAT is levied on goods and services in the UAE at a rate of 5%. Customs duty is charged on imported goods at a rate of 4%.

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