Are you considering setting up a holding company in the Abu Dhabi Global Market (ADGM)? This prestigious financial center offers multiple benefits for those looking to start a holding company in Abu Dhabi. We are here to guide you through the process and ensure that your company is set up efficiently and effectively. Our team of experts has extensive experience in company formation in ADGM, and we can help you navigate the legal complexities involved in establishing a holding company in this jurisdiction.
- What is ADGM?
- What is a holding company?
- Why Choose ADGM for Setting Up a Holding Company?
- Steps to Setting Up a Holding Company in ADGM
- Benefits of Setting Up a Holding Company in ADGM
- Costs Of Setting Up A Holding Company In ADGM
- How to Set Up a Holding Company in ADGM with Us
- Connect with Neeja Corporate Services
What is ADGM?
ADGM is a leading international financial center located in the heart of Abu Dhabi. It offers a stable and business-friendly environment for companies looking to establish a presence in the region. With its strategic location, state-of-the-art infrastructure, and business-friendly regulations, ADGM has become a preferred destination for investors and businesses from around the world.
What is a holding company?
A holding company is a type of business entity that does not produce goods or services itself. Instead, it owns assets such as stocks, property, and other investments in other companies. The main purpose of a holding company is to control other companies, manage investments, and receive dividends or profits from subsidiary companies.
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Why Choose ADGM for Setting Up a Holding Company?
There are several reasons why ADGM is an attractive destination for setting up a holding company. Some of the key benefits include:
- Strategic Location: ADGM’s proximity to major markets in the Middle East, Africa, and South Asia makes it an ideal location for companies looking to expand their global footprint.
- Business-Friendly Environment: ADGM offers a regulatory framework that is designed to facilitate business growth and innovation.
- Tax Efficiency: Companies established in ADGM benefit from a competitive tax regime with no personal or corporate income tax, no withholding tax, and no capital gains tax.
- Access to Capital: ADGM provides access to a wide range of financial services, including private equity, venture capital, and asset management, making it easier for companies to raise capital.
Steps to Setting Up a Holding Company in ADGM
- Choose a Business Activity: Determine the business activities your ADGM holding company will engage in and ensure they comply with ADGM regulations.
- Select a Company Type: Decide on the type of company structure that best suits your needs, whether it’s a private company, a public company, or a branch office.
- Reserve a Company Name: Choose a unique and descriptive name for your ADGM holding company and reserve it with the ADGM Registration Authority.
- Prepare the Necessary Documents: Gather the required documents, including the company’s memorandum and articles of association, shareholder details, and director information.
- Submit Your Application: Submit your application for company registration to the ADGM Registration Authority and pay the applicable fees.
- Obtain Necessary Licenses: Depending on the nature of your business activities, you may need to obtain specific licenses or permits from regulatory authorities in ADGM.
- Open a Bank Account: Once your ADGM holding company is registered, you will need to open a corporate bank account to conduct business transactions.
Benefits of Setting Up a Holding Company in ADGM
- Tax Efficiency: ADGM offers a competitive tax environment with zero corporate and personal income tax, making it an attractive destination for holding companies.
- Asset Protection: By structuring your business as a holding company in ADGM, you can safeguard your assets and limit your liability in case of any legal disputes or financial challenges.
- Global Reach: With its strategic location and international business community, ADGM provides access to a global marketplace and opportunities for growth and expansion.
Costs Of Setting Up A Holding Company In ADGM
The Registration Authority (RA) plays an important role in establishing the legal framework for the ADGM Holding Company, typically structured as a Private Company Limited by Shares. Shareholders may be individuals or corporate entities. The associated costs for setting up this type of company include:
– Name reservation application: US$ 200
– Incorporation application for a Private Company Limited by Shares: US$ 1,500
– Commercial license upon incorporation: US$ 4,000 (annual fee)
– Business activity fees: US$ 4,000 (annual fee)
Data Protection
As part of the entity registration process in the ADGM, a data protection notification is required. The costs are as follows:
– Registration fee: US$ 300
– Annual renewal fee: US$ 100
Office Spaces
All entities registered in the ADGM must secure a physical office space. Options include business centers or dedicated office spaces within the ADGM. The current rates are:
– Business center: starting from US$ 19,000 for a one-desk office.
– Fitted offices: starting at US$ 55 per square foot.
Visas
The costs associated with visa applications include:
– Establishment card application: US$ 273
– E-channel application: US$ 1,100 (one-time fee)
– E-channel deposit: US$ 1,360
– Visa fees (per visa): starting from US$ 1,500.
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How to Set Up a Holding Company in ADGM with Us
Setting up a holding company in ADGM may seem like a daunting task, but with our expert guidance, the process is seamless and hassle-free. Here’s how we can help you:
- Initial Consultation: We start by understanding your business needs and objectives to tailor a solution that meets your requirements.
- Company Name Reservation: We assist in reserving a unique and suitable name for your holding company in ADGM.
- Preparation of Incorporation Documents: Our team prepares all the necessary incorporation documents and ensures compliance with ADGM regulations.
- Company Registration: We submit the incorporation documents to the ADGM authorities and facilitate the registration process on your behalf.
- Opening of Bank Account: We assist in opening a bank account for your ADGM holding company to facilitate financial transactions.
- Obtaining Licenses and Permits: Depending on your business activities, we help you obtain the necessary licenses and permits to operate legally in ADGM.
Our Services Include:
- Company registration and licensing
- Drafting legal documents and agreements
- Corporate governance and compliance
- Tax planning and structuring
- Advisory services on investment strategies
- Accounting and bookkeeping
In conclusion, Setting up an ADGM holding company is a strategic decision that can offer multiple benefits for your business. With our expert guidance and support, the process is simplified, allowing you to focus on your core operations. Contact us today to learn more about how we can help you establish a successful holding company in ADGM. Let us be your partner in business growth and success.
Connect with Neeja Corporate Services
Are you looking to start your company in Abu Dhabi but feeling overcome by the registration process? Don’t worry, you’re not alone. Setting up a business in a foreign country can be challenging, but with the right guidance and support, it doesn’t have to be a stressful experience. Neeja’s business setup services offer complete support and serve as a one-stop shop for company setup in Abu Dhabi. We provide a wide range of value-added services, such as ADGM Holding Company, and VAT registration. Over the years, we have successfully advised many new entrepreneurs to make their business in UAE dreams a reality.
To book a free consultation, call on +971 43243031. You can also send a WhatsApp message at +971 50 465 2843. To connect over email, send us your query at incorp@neejacs.com.
