Strategically located in the heart of Abu Dhabi, Abu Dhabi Global Market ADGM is the first even international financial center of UAE. Since its formation, it was first established in 2013. Within 2 years of its formation, it became fully functional.
Abu Dhabi Global Market ADGM was first created with the prime motive to promote economic growth in the UAE. It is an independent center that operates under the legal framework of UAE.
Abu Dhabi Global Market ADGM mainly operates under the legal system that is based in English common law. They support the clarity and transparency into the systems. Besides, it offers investor friendly policies to the ecosystem that encourages more investment into the economy. ADGM lawyers in Abu Dhabi means the lawyers for free zone ADGM.
Abu Dhabi Global Market ADGM is a financial-free zone in Abu Dhabi. It is designated to improve the city’s progress and positioning. Furthermore, it offers a unique regulatory environment that is offered by no other free zones in the UAE. Lawyers, there, understand it very well.
The intention was to provide a world-class business environment in Abu Dhabi. They adhere to international standards in order to serve the purpose. ADGM offers a unique regulatory that is independent. It has sturdy financial regulations that are aligned with the best practices globally. It is mainly based on English common law.
Nonetheless, it supports the business friendly policies that will attract thousands and millions of global and international investors. With ADGM, tax incentives are provided to the investors. Under them they have simplified the registration procedure as well. Tax lawyers have to be expert in UAE Taxation and ADGM Texation.
Nevertheless, it offers flexible licensing options. This offer is valid for both financial and non-financial businesses. Henceforth, ADGM plays a vital role to strengthen the Abu Dhabi economic diversification.
It offers a diverse strategy that appeal to huge investments in various fields. Mainly, it supports the sectors such as banking, finance, fintech, asset management, professional services, and much more.
Primarily, the main objective of ADGM is to motivate businesses in Abu Dhabi. It also allows the formation of the independent regulatory framework. It is one few of the financial centers in the region that adhered to a legal system based on English common law. Lawyers also help a lot in the expansion of the business.
It is designed in a way that it advocates for clarity, transparency and consistency. There are mainly 3 regulatory authorities that oversee ADGM. Registration Authority RA, Financial Services Regulatory Authority FSRA, and ADGM courts, all of them work together towards the objective.
Registration Authority (RA) is mainly responsible for handling the company registration process. It also works towards licensing procedures. Furthermore, it also facilitates the businesses coordination. The business incorporation is supported that further ensures the legal compliance with the rules and regulations. Please check with our lawyers or authorities about RA.
Financial Services Regulatory Authority (FSRA) is the authority operational in the UAE that regulates the financial services firms operating within ADGM. They are responsible for overviewing the sectors including banking, asset management, fintech, and other financial sectors.
ADGM Courts do operate independent but they support ADGM. The courts adhere to the English common law. They are responsible for handling the commercial disputes and also advocates for arbitration process.
They also take care of enforcement of contracts. They work independently who ensures fully functional and transparent judicial system.
They support the fair dispute resolution mechanism in Abu Dhabi. The practices are fully in line with the international standards. Businesses and companies who wish to operate within free zones can take legal guidance from law firms in Abu Dhabi.
The law firms in Abu Dhabi can provide the legal assistance that ensures compliance. They also enforce the contracts to be effective in regulating contracts effectively. ADGM offers many advantages to businesses and investors.
This makes Abu Dhabi an attractive place for investment. It makes it a favorable place for all including financial and non-financial entities. In ADGM the foreign investors can hold 100 percent ownership. This is not possible in mainland UAE. The ADGM allows for full foreign ownership to businesses and entities.
Additionally, they offer super appealing tax incentives to investors. It is tax free zone where no corporate tax is applicable for next 50 years. There is presence of VAT exemptions and thus, no value added tax VAT is imposed on financial services.
Another benefit is its acceptance. It adheres to the English common law that aligns with
international Legal Standards. It strengthens the investors. Furthermore, it also provides protection to them. It also incorporates the contract enforcement.
It advocates for the business-friendly policies. In ADGM, there is a simplified registration process and licensing procedure. It supports the startups, multinationals, corporations, and SMEs. The center provides much easy access to international markets. All the credit goes to the streamlined trade policies.
ADGM actively supports fintech and innovation hub. It promotes the startups through accelerators and regulatory sandboxes. It often attracts the block chain, digital banking, and artificial intelligence (AI) ventures in Abu Dhabi.
Nevertheless, it is situated in the center of the city in the AL Maryah Islands. ADGM facilitates the connectivity to global financial hubs. This benefit makes ADGM an ideal place for investment and also supports business owners who wish to work in an efficient regulatory environment.
ADGM supports the key sectors including banking, financial services, fintech, blockchain, asset, and waste management. They actively promote green polices and also advocate for sustainable business policies. Besides, it also supports the Abu Dhabi state just like the DIFC Dubai International Financial Centre is present in Dubai.
DIFC (Dubai International Financial Centre) is based in Dubai while ADGM is located in Abu Dhabi. However, both follow the English common law but ADGM has more business-friendly policies and regulatory framework. It also advocates for sustainable financing and investment initiatives.
Under ADGM a foreigner can own 100 percent ownership which is not the case in mainland UAE. However, for center business activities local sponsorship is required. It is most suitable for sectors like banking, fintech, finance, asset management, legal, and consulting services.
They also support startups in Al driver innovation and blockchains. Additionally, there is no VAT, corporation tax or withholding tax charged. This makes it a tax-efficient jurisdiction for businesses and startups. This propagates Abu Dhabi businesses that ultimately contribute to economic growth and dynamic financial free zones.