Business Setup in Dubai

Set Up Your Company with
Abu Dhabi Global Market (ADGM)

Firmz is a world-leading financial center situated in the capital city of the United Arab Emirates, offering various financial services such as asset management, private banking, Islamic finance, and capital raising. Established in 2013 to enhance Abu Dhabi’s global business standing, Firmz provides a secure, regulated environment for global businesses to thrive. With top-notch infrastructure and a supportive legal and regulatory framework, Firmz serves as a trusted partner for businesses aiming for growth and success in the competitive market landscape.

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Advantages of Setting Up Your Business in the ADGM

In ADGM, a diverse and dynamic market presents local and foreign entrepreneurs with a range of benefits and incentives, including:

Business Setup in Dubai

Ease of Doing Business

ADGM offers 100% foreign company ownership with no restrictions on capital repatriation, currency, or foreign employees.

Business Setup in Dubai

Regulatory

ADGM operates under English common law, ensuring impartiality and transparency, supporting cross-border activities within its jurisdiction.

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Tax Benefits

No personal income tax and a 9% corporate income tax rate apply in ADGM, where applicable.

Business Setup in Dubai

Strategic Location

ADGM's central location in the Middle East provides convenient access for trading across Asia, Africa, and Europe, near airports like Dubai International Airport.

Business Setup in Dubai

Business Ecosystem

ADGM hosts over 100 startups and accelerators like Hub71 and startAD, supported by a dynamic workforce and top-notch facilities.

Business Setup in Dubai

Visa Packages

ADGM provides flexible visa packages for businesses and professionals, facilitating their establishment in the UAE with necessary permits and licenses.

Explore Monthly Payment Plans with Selected Banks

Transform your transactions into convenient and budget-friendly monthly installments through our chosen array of banking partners. Simply make a minimum credit card expenditure of AED 1,000 from any of our participating banks and repay in manageable installments spanning 12 months.

Steps

  • Make a minimum purchase of AED 1,000 using your credit card for any services provided by Firmz.
  • Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
  • Get the option of paying over 3, 6, 9 or 12 months
*General terms and conditions from the banks will be applicable.

Types of Licenses Offered in ADGM

In the Abu Dhabi Global Market, business activities are broadly categorized into financial and non-financial sectors.

Financial Business

ADGM hosts financial firms that offer services and products to individuals, businesses, and other entities.

  • Investment Banks 
  • Asset Management and Funds 
  • FinTech
  • Capital Markets
  • Investment Advisory and Wealth Management 
  • Insurance Companies
  • Payment and Clearing Services 
  • Credit Rating Agencies 
  • Auditing and Accounting Firms 
  • Brokerage

Non-Financial Business

Non-financial businesses within ADGM encompass activities unrelated to monetary exchange or financial instruments.

  • Technology and Innovation Companies
  • Business Consulting Firms
  • Retail and Consumer Goods Businesses
  • Real Estate and Property Development Companies
  • Healthcare and Medical Companies
  • Education and Training Providers
  • Hospitality and Tourism Businesses
  • Manufacturing and Industrial Businesses

Business Structures under ADGM

The registration of companies within the Abu Dhabi Global Market is overseen by its governing bodies, which typically recognize common business structures.

Special Purpose Vehicles –Abu Dhabi Global Market

An SPV in the Abu Dhabi Global Market manages investments or assets for investors, offering legal separation from shareholders' assets.

Branch Office

A branch office extends a company's operations outside the UAE, allowing expansion into the ADGM jurisdiction.

Sole Proprietorship

A Sole Proprietorship is owned and operated by a single individual who bears full liability for company debts.

Partnership

A partnership involves two or more individuals or entities conducting a business activity, with partners sharing equal or limited liability for company debts.

Limited Liability Company (LLC)

An LLC, common among foreign entrepreneurs in Abu Dhabi, shields owners from personal liability for company debts or liabilities.

Steps in Setting Up Your Company in ADGM

Establishing a company in the Abu Dhabi Global Market follows a uniform process across permitted business activities. Here are the general steps:

01.

Choose a trade name

Choosing a unique name for your ADGM business is the initial step, ensuring it's distinct from existing names.

02.

Choose a business structure

Next, determine the appropriate business structure, dictating shareholder count and liability extent for your company.

03.

Prepare a Memorandum of Association (MOA):

The Memorandum of Association (MOA) is a critical document for UAE company formation, outlining shareholder details, policies, purpose, and operations.

04.

Apply for registration

Upon drafting the MOA, the company must register with the ADGM’s Registration Authority for approval.

05.

Obtain a business license

Following registration, the company must obtain a business license from the Department of Economic Development (DED).

06.

Open a corporate bank account

Finally, upon receiving the business license, the company must open a corporate bank account in its name for financial transactions.