+ All Categories
Home > Documents > Business setup Abu Dhabi Global Market

Business setup Abu Dhabi Global Market

Date post: 29-Dec-2015
Category:
Upload: kpidubai
View: 42 times
Download: 0 times
Share this document with a friend
Description:
KPI offers Business setup in Abu Dhabi, KPI consultants for formation in ADGM, We set up your business in ADGM. - http://www.kpi-global.com/company-formation-in-uae/abu-dhabi-global-market/ - PowerPoint PPT Presentation
Popular Tags:
5
Key features ADGM – Non financial services Abu Dhabi Global Market (ADGM) is a broad-based international onshore Financial Centre, providing a secure and efficient platform for local, regional and international institutions to operate from. ADGM envisions bridging the gap between the world’s major financial centers from Hong Kong and London in the East to London and New York in the West. ADGM’s three independent authorities – The Financial Services Regulator, The Registration Bureau and The Courts – aim to ensure a business-friendly environment operating in line with international best practices that are recognised by major financial centres across the world. In collaboration with other International Financial Centres, global institutions and regulators, Abu Dhabi Global Market will develop and support member institutions with the regulatory framework, legal jurisdiction and attractive business environment they need for sustainable business growth. ADGM is now open for registration of non-financial services and retail activities. Strategic location in the heart of Abu Dhabi Purpose-built financial center * * * * Independent jurisdiction, governed by ADGM Courts Full range of financial activities * Integrated community * Full Free Zone benefits
Transcript
Page 1: Business setup Abu Dhabi Global Market

Key features

ADGM – Non financial services

Abu Dhabi Global Market (ADGM) is a broad-based international onshore

Financial Centre, providing a secure and efficient platform for local, regional

and international institutions to operate from. ADGM envisions bridging the gap

between the world’s major financial centers from Hong Kong and London in the

East to London and New York in the West.

ADGM’s three independent authorities – The Financial Services Regulator, The

Registration Bureau and The Courts – aim to ensure a business-friendly

environment operating in line with international best practices that are

recognised by major financial centres across the world.

In collaboration with other International Financial Centres, global institutions

and regulators, Abu Dhabi Global Market will develop and support member

institutions with the regulatory framework, legal jurisdiction and attractive

business environment they need for sustainable business growth.

ADGM is now open for registration of non-financial services and retail

activities.

Strategic location in the heart of Abu Dhabi

Purpose-built financial center

*

*

*

*

Independent jurisdiction,

governed by ADGM Courts

Full range of financial activities

* Integrated community

* Full Free Zone benefits

Page 2: Business setup Abu Dhabi Global Market

2 © KPI Business Advisors & Consultants

ADGM – The value proposition

Recommended for any retail/ service activity that wishes to cater to a high-growth financial centre…

ADGM takes a fresh look at how financial centers should be…and is a key pillar of Abu Dhabi’s Economic Vision

Page 3: Business setup Abu Dhabi Global Market

3 © KPI Business Advisors & Consultants

Dollar-denominated

ADGM is the first purpose-built financial free zone in

Abu Dhabi…

1

ADGM offers all free zone

benefits, with the added

advantage of being located

within Abu Dhabi…

FREE ZONE BENEFITS

• 100% foreign ownership.

• 0% corporate tax for 50 years

(a concession that is

renewable).

• No restriction on capital

repatriation.

• 0% import or re-export

duties.

• 0% personal income tax.

• No currency restrictions.

• No restriction on foreign

talent or employees.

2

• Ability to mortgage your

premises to a bank or

financing company.

In addition to this, companies can

avail benefits from the extensive

network of double-tax avoidance

treaties that the United Arab

Emirates has signed with

countries worldwide, including

countries such as India, Pakistan,

Singapore, China, Malaysia,

Canada, Germany, Italy, Austria

and Holland.

Abu Dhabi offers the additional

benefits of a very high standard

of living and a vibrant expatriate

community with people from

over 180 nations living and

working in the region.

Strategic location

A wide range of non-financial and retail services are available for licensing…

Page 4: Business setup Abu Dhabi Global Market

4 © KPI Business Advisors & Consultants

TYPES OF LICENSES

Non-financial services | Retail

TYPES OF COMPANIES

Private Company Limited by Shares

Branch of Foreign Company

(corporate shareholding is allowed)

OFFICE BEARERS

Two Directors

One Company Secretary

FACILITIES OFFERED

Commercial Offices – from 800 sq.ft

and minimum US$ 85 per sq.ft.

Business Centres – from US$ 30,000

per annum for a 3-member setup

REGISTRATION AND LICENSING

COSTS

Initial Application (one time) – US$ 300

Name Reservation – US$ 200

Application for registration of a

company/partnership – US$ 1,500

Issuance of Commercial License – US$

4,000

Business Activity Fee* – US$ 4,000 (upto

10 activities)

*not applicable for retail companies

VISAS

Based on size of facility availed,

usually around 80 sq.ft. per visa.

DOCUMENTATION

Individual Shareholder

Detailed CV & personal KYC of

shareholders & management

Detailed Business Plan

Evidence of lease of office space

Other statutory documentation

and declarations viz. application

forms, specimen signatures etc.

Corporate Shareholder

Corporate KYC duly attested

from the UAE Embassy

Detailed CV & personal KYC of

shareholders & management

Board Resolution calling for the

establishment of the entity

Other statutory documentation

and declarations viz. application

forms, specimen signatures etc.

TAXATION

No corporate tax or capital gains,

no personal income tax or any

other tax levied by the authority.

FINANCIAL STATEMENT AUDIT | BUSINESS CONSULTING | MARKET ENTRY STRATEGIES | CORPORATE SERVICES | ENTERPRISE RISK MANAGEMENT | BUSINESS PROCESSES & KPI’s | CFO SERVICES | ERP IMPLEMENTATION

Enabling Performance. Discovering Value

Page 5: Business setup Abu Dhabi Global Market

KPI has a pedigree and a sound track record of consistency in providing advice tailored to your needs…

ABOUT KPI

KPI, an Audit and Advisory firm in

Dubai, as a practice has more than

two decades of heritage that we are

proud of; one that has seen economic

highs and lows, along with the rise of

Dubai and United Arab Emirates to

international prominence.

Kamath Auditing was formed in the

year 1992 in the UAE. The firm grew

quickly in fame among clients and

the industries it operated in. In

addition to regular audits, clients

approached the firm for many

advisory and consulting activities for

feasibility studies, due diligence,

market research and valuation

projects.

In 2001, the firm was merged with

Contact Us

Suite 3108, The Citadel, Business Bay P.O.Box 121395, Dubai, United Arab Emirates Tel: +971 4 455 1010 Fax: +971 4 455 1011 [email protected]

DISCLAIMER

While every effort has been made to ensure that the most recent and pertinent information is available on this site, it is possible that some of this information may have changed after it was posted here. Please note that this information does not constitute legal or professional advice. Please write to us at [email protected] for the latest information and appropriate advice.

another Audit firm in Dubai, one of

the emerging market leaders. The

firm transformed into a valued

business partner in the GCC and Mr.

Kamath headed the Consulting

Practice in the merged entity.

In December 2011, the practice was

spun off from the merged entity and

re-branded as KPI.

KPI is an independent member of

GMN International, an association of

carefully selected professional

accounting firms established and

respected in their own countries.

GMN International has 70 offices in

more than 32 countries across

Europe, North America, South

America, Asia Pacific, Africa and the

Middle East.

GMN International is an association of legally independent accounting and business advisory firms. Each firm is a separate and independent legal entity and as such has no liability for the acts or omissions of any other associate firm. GMN International is the brand name for GMNI Coordination Limited (GMNICL), a UK company limited by guarantee which provides coordination services to its members. GMNICL does not provide, supervise or manage services to clients and is not responsible or liable for the acts or omissions of any of its members nor can it control the exercise of their professional judgment or bind them in any way. Services are delivered to clients by the members of GMNICL. GMN International is an association and does not fall within the definition of "network" under the International Federation of Accountants (IFAC) Code of Ethics, Section 290 and the European Union Statutory Audit (revised 8th Company Law) Directive.


Recommended