How to Open a Tech Company in the Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM), established in 2013, is a prominent international financial centre in the UAE. With nearly 2,500 registrations to its credit, ADGM offers an enticing proposition for entrepreneurs looking to establish their regional presence. Notably, NH Management is your trusted partner in navigating the intricacies of setting up your business in ADGM, ensuring a seamless and compliant process from start to finish.

What is ADGM?

ADGM operates as an international financial free zone under English Common Law, a unique feature in the Middle East. Governed by three independent authorities—the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA), and ADGM Courts—it provides a conducive environment for various industries, including financial services, professional services, and technology.

Additionally, being strategically situated with easy access to the Middle East, Europe, and Africa, ADGM is an ideal location for corporate headquarters, holding companies, and Special Purpose Vehicles (SPVs).

Benefits of Starting a Holding Company in ADGM

ADGM offers a host of benefits for entrepreneurs considering the establishment of a holding company:

• Separate Legal Identity: Mitigate risk with a separate legal identity for your holding company.
• No Share Capital Requirement: Enjoy cost-effectiveness with no mandatory share capital and the flexibility to operate without a physical office.
• English Common Law: Operate within a well-established legal framework, ensuring transparency and reliability.
• Minimum Requirements: With only one shareholder and one director required, the setup process is streamlined.
• Customization: Tailor articles of association to suit your specific requirements.
• Tax Advantages: Benefit from UAE tax residency and the UAE double tax treaty network access.
• Other Benefits: Explore opportunities for migrating and continuing corporate entities, multiple classes of shares, and simplified document attestation processes.

Steps to Register a Company in ADGM, UAE

Setting up a company in ADGM involves several key steps:

Step 1: Document Preparation: Gather all necessary documents, including a business plan, articles of association, and passport copies of key personnel.

Step 2: Application Submission: Submit your application through the ADGM portal.

Step 3: Approval and Licensing: Upon approval, receive your license within approximately 10 days.

Step 4: Specialist Assistance: Work with NH Management to ensure a smooth and efficient setup process, eliminating errors and complexities.

Cost of a Holding Company License in ADGM, UAE

Contact NH Management for accurate pricing tailored to your specific needs. As a rough estimate, incorporating a holding company or Special Purpose Vehicle typically costs around USD 3,000 for the first year, including ADGM license fees, office address fees, and professional services. Recently, the ADGM fee was reduced to approximately USD 1,200.

Can a Foreigner Start a Holding Company in the UAE?

Absolutely. ADGM welcomes foreign investors and offers 100% foreign ownership of UAE holding companies in financial and non-financial business activities. In fact, the UAE is heavily positioning the nation to be a hub for various inn

Seize the Opportunity with NH Management

Embark on your journey to establish a presence in ADGM with NH Management. Contact us today to initiate the setup process and embark on a successful business venture in this thriving financial hub. With NH Management, your business aspirations become reality, backed by over a decade of expertise and unparalleled support. Let us guide you towards success in ADGM and beyond.

Contact our Business Consultants by calling 800 64626 or emailing us at [email protected].