ADGM SPVs are corporate vehicles established to protect the assets and liabilities of parent company and to eliminate the financial and legal risk. SPVs have a separate legal status. The creditors of the SPV can not claim or attach the assets of the parent company or the shareholders of SPVs. ADGM offers a robust platform to setup SPVs with a specific or limited corporate objectives
ADGM or Abu Dhabi Global Market is an award-winning international financial centre strategically located in the capital of the United Arab Emirates. Established by UAE Federal Decree, ADGM's jurisdiction extends across the entire 114 hectares of Al Maryah Island.
Yes, All ADGM-registered companies are eligible to apply for a Tax Residency Certificate from the UAE Ministry of Finance to benefit from the UAE’s extensive double tax treaty network.
ADGM SPV can be of two types,
Once all the required documents are submitted online on ADGM portal, it takes about a week for ADGM to review and issue the incorporation certificate. ADGM might request for additional documents or seek clarification on the documents submitted.
ADGM fees for setting up of SPV is USD 1,600. Annual renewal fees is USD 1,200
There are no restrictions on who can set up an ADGM SPV. It can be an individual or a corporate entity but a minimum of one shareholder is required.
ADGM also provides the option, to applicants meeting certain criteria, for an SPV to be formed as a ‘Restricted Scope Company’ (RSC). RSCs are required to make only limited information disclosure on the public register although full disclosure to the ADGM Registrar is mandatory.
No. ADGM SPVs are not entitled to obtain visas.
Any company incorporated at ADGM requires a physical registered office address. However for SPV and Foundations, under the new CSP regime, CSP will provide the registered office address for the SPVs and Foundations.
There are no restrictions on shareholding. No maximum numbers of shareholders and no maximum amount of share capital. However, the SPV might be required to identify the Ultimate Beneficiary Owner of the SPV as per the regulations.