The ADGM’s workspaces swiftly come to the attention of business owners considering the potential of establishing businesses there. And it shouldn’t come as a surprise given the benefits that it provides its customers, with each zone providing a unique set of benefits that vary from one to the other. Abu Dhabi Global Market Square (ADGM), which is situated in the center of Al Maryah Island, Abu Dhabi, is one particular zone that is now gaining a lot of attention.
Open to a wide range of business activities: The free zone not only welcomes companies from a variety of various industries, but it also serves as the perfect home for companies in the financial industry, which is governed by the Registration Authority, the Financial Services Regulatory Authority (FSRA), and ADGM Courts. Together with a variety of retail sub-sectors, manufacturing, construction, and transportation are just a few of the unregulated commercial activities allowed.
Transparent setup process: Your chosen business model will determine the steps required to establish in Abu Dhabi Global Market. If you work in a regulated or unregulated industry, they offer several sorts of licenses. You will need additional authorization from the appropriate financial body for regulated industries like financial services and investment, and you will also be required to lease office space within the free zone. A Flexi-desk package is enough for non-regulated industries like retail, HR, or management consulting. Flexi-desks let business owners use office supplies and services as needed without committing to long-term space.
No hidden costs: Similar to its establishment procedure, ADGM’s fees are clear and simple to comprehend. The precise cost will again depend on the kind of business you want to start. Companies are divided into three categories by Abu Dhabi Global Market Free Zone: A is for financial services, B is for non-financial services, and C is for retail. Licenses for categories A and B start at USD 15,000, USD 10,300, and USD 6,300, respectively. It costs as little as USD 1,600 to set up an SPV. However, none of these summaries take into account the price of requesting financial authority clearance, if necessary.
Set up with multiple shareholders: In addition to its prime location in the heart of Abu Dhabi, ADGM is also well-liked by big, international corporations since it permits the establishment of corporations with numerous shareholders who may be either natural persons or corporate entities.
Setting Up in ADGM
We hope now you fully understand the advantages of establishing your company in the Abu Dhabi global market free zone. What comes next? There are several actions that must be followed, some of which are complex and others not so. Choose your business activity as your first step.
The specifics of this procedure, however, will primarily rely on the license type you are asking for and the type of business you intend to operate. Because of this, before beginning any of these processes, you should always contact a firm or business setup expert who can walk you through accurately through every step of the application and ensure that the entire process only takes a few hours of your time.