ADGM Company Set Up Costs and Benefits

Posted by Corplex on February 12th, 2020

If you want to set up your business in Dubai then the ADGM – Abu Dhabi Market Free Zone is an ideal location for you. It is a commercial location which offers space for the private banks, asset and wealth management firms. It is a free zone which provides an efficient business environment for the companies offering services in the financial industry. ADGM was commenced in the year 2015 and have tied up with the Economic Department in Abu Dhabi, Insurance authority, financial service commission in Jersey, Abu Dhabi Central Bank and Municipal Corporation.

ADGM company set up costs vary from industry to industry which we will discuss later in this article and for now, let’s discuss what opportunities are provided by the UAE government for the ADGM investors.

100% foreign Ownership: The UAE Cabinet members including Prime Minister, Vice President, Ruler of Dubai and His Highness Shaikh Mohammad Bin Rashid Al Maktoud have approved total 122 ADGM sectors for 100 per cent foreign ownership in the UAE. These areas are surrounded in a total of 13 sectors of UAE and eligible for the business owners of renewable energy, manufacturing industries, and agriculture. Along with this, you will also have many other benefits of establishing your ASGM company in UAE such as:

1) 0% tax for 50 years which means you are not liable to pay any tax for the next 50 years in UAE when you have your own ADGM Company in UAE.

2) Common law jurisdiction

3) Zero restrictions on the repatriation of capital and profits

4) Simple and convenient business procedures

5) corporate documents attested are not required in most cases

6) For the registered agent, the physical office space is not required in ADGM.

7) No restrictions on nationality for the purposes of share ownership

Let's Discuss The ADGM Company Set Up Costs For Different Businesses:

Registration Authority of UAE provides help in establishing your legal business of the ADGM holding company in UAE. You can set up your business a Private Company Limited by Shares. While on the other hand, the shareholders of your company can be individual or corporate. The costs of establishing such a company are:

1) Application for holding a Brand name is: US$ 200

2) The application cost for the Incorporation of a Private Company Limited by Shares is: US$ 1,500

3) The application cost for the Commercial License on Incorporation is: US$ 4,000 annually

4) The business Activity fee is - US$ 4000 annually

Every company that has registered under the ADGM must have a physical office on lease. You can choose either from business centre options or physical spaces within the ADGM sectors.

Business Centre starts from a one-desk office which is available at the US$ 19,000 while the completely furnished office starts from the US $ 55 per square feet.

Other costs involved for visa applications are:

1) Establishment Card Application costs is – the US$ 273

2) E-channel Cost which is one-time is – US$ 1,100

3) Deposit for E-channel cost is - US$ 1,360

4) The costs of Per Visas start from US$ 1,500

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