Abu Dhabi Global Market (ADGM)

Ramzi Khatir
Jul 19, 2024
2 min read

Abu Dhabi Global Market (ADGM) is an international financial center in the UAE, established to support the growth of financial and business services. Since its inception in 2013, ADGM has become a leading hub for financial institutions and professional services. This blog provides a comprehensive guide to setting up a business in ADGM, highlighting its benefits, key industries, and the setup process.

What is ADGM?

ADGM is a Freezone located on Al Maryah Island in Abu Dhabi, offering a strategic location, advanced infrastructure, and a business-friendly environment. It is designed to support the growth of financial services, legal services, and other professional services.

Advantages of Setting Up in ADGM

100% Foreign Ownership: Full ownership without the need for a local partner.
Tax Benefits: 0% corporate tax and 0% personal income tax.
Regulatory Framework: Robust and transparent regulatory environment.
Business-Friendly Regulations: Streamlined regulatory environment with efficient processes.
Access to Talent: Proximity to a large pool of skilled professionals in the financial sector.
Networking Opportunities: Numerous events, workshops, and networking opportunities.

Key Industries in ADGM

Financial Services: Support for banks, insurance companies, and financial institutions.
Legal Services: Facilities for law firms and legal consultants.
Professional Services: Support for consulting firms and professional service providers.
Technology and Fintech: Advanced infrastructure for tech and fintech companies.
Healthcare and Pharmaceuticals: Facilities and support for healthcare businesses.

Steps to Set Up a Business in ADGM

Choose Business Activity: Determine the type of business activity you want to undertake.
Register Trade Name: Reserve a unique trade name with ADGM authorities.
Submit Application: Complete and submit the business setup application form along with the required documents.
Lease Office Space: Choose and lease office space within the ADGM Freezone.
Obtain Licenses: Acquire the necessary business licenses and permits.
Visa Processing: Apply for visas for yourself and your employees.

Conclusion

Abu Dhabi Global Market offers unparalleled benefits for financial and professional services, including a robust regulatory framework, tax incentives, and a vibrant business community. By understanding the setup process and leveraging the advantages, entrepreneurs can establish a successful presence in this international financial center.