How to Set Up a Business in Abu Dhabi Global Market (ADGM)

If you’re an entrepreneur looking to start a business in the UAE, Abu Dhabi Global Market (ADGM) offers a dynamic and flexible environment for business setup. Established as a leading international financial center, ADGM is a global hub for innovation, finance, and professional services, making it an attractive option for startups and established companies alike.

What Is Abu Dhabi Global Market (ADGM)?

Located on Al Maryah Island in Abu Dhabi, ADGM is a free zone that provides businesses with a unique legal framework based on English Common Law. It is recognized for its robust regulations, world-class facilities, and tax benefits, making it a top choice for entrepreneurs aiming for international growth and compliance. ADGM caters primarily to financial institutions, professional services, fintech startups, and other innovative ventures.

Advantages of Business Setup in ADGM

Choosing Abu Dhabi Global Market offers numerous benefits for businesses, including:

• Tax Incentives: Enjoy 0% corporate and personal income tax, as well as exemptions from import/export duties.
• 100% Ownership: Foreign investors can fully own their companies without the need for a local partner.
• Strategic Location: Situated in the capital city Abu Dhabi, ADGM offers easy access to global markets and a thriving business ecosystem.
• Robust Legal Framework: ADGM operates under English Common Law, offering transparent and business-friendly regulations.
• Access to Talent: Abu Dhabi is a multicultural hub with a highly-skilled workforce.

For a comprehensive list of benefits, visit the official ADGM website.

Key Steps for Business Setup in ADGM

Setting up your company in ADGM involves a straightforward process. Below are the essential steps:

1. Choose a Business Activity

Determining your business activity is the first and most crucial step. ADGM caters to various sectors, including finance, technology, legal services, and more. Your choice will affect the type of license required and the regulatory framework you must follow.

2. Decide on a Legal Structure

ADGM offers several entity types, such as:

• Private company limited by shares
• Branch of a foreign company
• Limited Liability Partnership (LLP)
• Special Purpose Vehicle (SPV)

Select the structure that aligns with your business goals and operational requirements.

3. Register Your Company Name

Your company name must comply with ADGM’s naming guidelines and should not conflict with any existing business names. Ensure the name is clear and reflects your business activities.

4. Apply for a License

Depending on your business activity, you’ll need to apply for the appropriate license, such as:

• Financial Services License
• Professional Services License
• Retail License

The ADGM Registration Authority oversees the licensing process.

5. Secure Office Space

ADGM requires businesses to have a physical presence within the free zone. You can choose from various office solutions, including serviced offices, coworking spaces, or full-fledged commercial offices available on Al Maryah Island.

6. Submit Required Documents

Provide all necessary documentation, such as:

• Business plan
• Passport copies of shareholders
• Proof of address
• Memorandum and Articles of Association (MOA)

Double-check with the ADGM Registration Authority for the full list of required documents.

7. Obtain Your Registration Certificate

Once all documents are approved, your company will receive a Certificate of Incorporation and other relevant documents to officially begin operations in ADGM.

Costs Involved in Business Setup in ADGM

The costs of setting up a company in ADGM vary based on the type of license and office space selected. Here’s a general breakdown:

• Registration Fee: Approx. AED 20,000–50,000, depending on the business structure.
• License Fee: Varies based on business activity, typically starting at AED 15,000.
• Office Rent: Costs depend on the size and location of the office. Shared spaces can start at AED 20,000 annually, while larger offices may cost significantly more.

For a detailed cost estimate, contact ADGM Registration Authority.

Why Choose Abu Dhabi Global Market?

Abu Dhabi Global Market stands out as one of the best free zones in the UAE for companies seeking a robust regulatory framework and international market access. Whether you’re a fintech startup or a multinational corporation, ADGM offers a unique blend of financial incentives, strategic benefits, and business support services that are unmatched in the UAE.

If you’re comparing ADGM with other free zones, consider reading our guide on the Best Free Zones in UAE for Business Setup.

Conclusion: Your Path to Success Starts in ADGM

Setting up a business in Abu Dhabi Global Market is an excellent choice for entrepreneurs aiming to succeed in the UAE and beyond. Its vast array of benefits, including 100% foreign ownership, tax exemptions, and a robust legal framework, make it a compelling option for global businesses. By following the steps outlined in this guide and leveraging the resources offered by ADGM, you can ensure a smooth and successful business setup in this premier free zone.