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
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Independent jurisdiction,
governed by ADGM Courts
Full range of financial activities
* Integrated community
* Full Free Zone benefits
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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
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Dollar-denominated
ADGM is the first purpose-built financial free zone in
Abu Dhabi…
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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.
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• 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…
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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
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.