Company Service Provider For ADGM
ADGM, or Abu Dhabi Global Market, is a financial free
zone in the United Arab Emirates (UAE) that offers a range of business and
financial services. Setting up a company in ADGM involves
completing a number of steps, including:
- Choosing the type of company you want to
set up, such as a limited liability company (LLC) or a free zone company.
- Selecting a business name and getting
it approved by ADGM.
- Obtaining the necessary licenses and permits for your business.
- Registering your company with ADGM and paying any relevant fees.
- Setting up a physical office within the ADGM free zone.
- Appointing directors and shareholders for the company.
- Opening a bank account for the company.
It's important to note that ADGM has its own set of laws,
regulations and compliance requirement and it's advisable to seek professional
help in order to comply with all the requirements of the free zone.
It's also important to note that the process of company
registration can vary depending on the type of business, the ownership structure
and the number of shareholders, among other factors.
- Appointing a registered agent: All companies registered in ADGM must
appoint a registered agent who will act as the point of contact between
the company and ADGM.
- Preparing and submitting required documents: Depending on the type of
company and its structure, you may need to submit various documents to
ADGM, such as a business plan, share capital declarations, and copies of
passport and visa of shareholders and directors.
- Obtaining approval from relevant authorities: Some types of businesses
may require approval from authorities such as the Central Bank of the UAE
or the Department of Economic Development.
- Complying with regulations and laws: Once your company is set up, you
will need to comply with ADGM's regulations and laws, such as maintaining
accurate financial records, filing annual returns, and obtaining necessary
licenses and permits.
- It is also important to note that the company setup process may take
time and a professional legal or consultative assistance is recommended.
- The ADGM has a dedicated team which will assist and provide guidance
throughout the process, it's advisable to contact them and seek their
assistance.
- Leasing an office space: All companies registered in ADGM must have a
physical office space within the free zone. You have the option to lease
an office space in one of the many commercial buildings located within
ADGM or in one of the designated free zone areas.
- Immigration and visa process: If you plan on working in your company,
you will need to obtain a residence visa. This will require you to have a
valid Emirates ID, a valid passport and a valid visa. The process of
obtaining a visa can take several weeks, so it's important to plan
accordingly.
- Legal and accounting services: It is a good idea to engage with a
legal or accounting firm experienced in setting up companies in ADGM, as
they can help you navigate the process, ensure compliance with regulations
and laws, and provide ongoing support for your business.
- Cost of setting up a company: The cost of setting up a company
in ADGM will vary depending on the type of company, the number of
shareholders, and the business activity. However, ADGM is considered to be
an attractive option for setting up a business in UAE due to its
competitive costs, its tax exemptions and its strategic location.
- Overall, setting up a company in ADGM can be a complex process that
requires careful planning and attention to detail. By working with the
right professionals and being aware of the regulations and laws, you can
ensure that your company is set up correctly and compliantly, and that it
is well-positioned for success in the UAE market.