ADGM Non financial services

Abu Dhabi Global Market (ADGM) is a broad-based international onshore

Financial Centre, providing a secure and efficient platform for local, regional
and international institutions to operate from. ADGM envisions bridging the gap
between the worlds major financial centers from Hong Kong and London in the
East to London and New York in the West.

Key features
*

Strategic location in the heart of

Abu Dhabi
Purpose-built financial center

ADGMs three independent authorities The Financial Services Regulator, The

Registration Bureau and The Courts aim to ensure a business-friendly
environment operating in line with international best practices that are
recognised by major financial centres across the world.
In collaboration with other International Financial Centres, global institutions

*
*
*

Independent jurisdiction,
governed by ADGM Courts

and regulators, Abu Dhabi Global Market will develop and support member

Full range of financial activities

business environment they need for sustainable business growth.

Integrated community

ADGM is now open for registration of non-financial services and retail

institutions with the regulatory framework, legal jurisdiction and attractive

activities.
Full Free Zone benefits

ADGM The value

proposition

ADGM takes a fresh look at

how financial centers should
beand is a key pillar of Abu
Dhabis Economic Vision

Recommended for any

retail/ service activity that
wishes to cater to a highgrowth financial centre

KPI Business Advisors & Consultants

1
2

ADGM is the first purposebuilt financial free zone in

Abu Dhabi

Strategic
location

Dollardenominated

ADGM offers all free zone

benefits, with the added
advantage of being located

Ability

to

premises

mortgage
to

bank

your
or

financing company.
In addition to this, companies can

within Abu Dhabi

avail benefits from the extensive

FREE ZONE BENEFITS

network of double-tax avoidance

treaties that the United Arab

100% foreign ownership.

Emirates

0% corporate tax for 50 years

(a

concession

that

is

restriction

on

capital

repatriation.
0%

import

or

re-export

duties.

A wide range of nonfinancial and retail

services are available
for licensing

countries such as India, Pakistan,

China,

Malaysia,

Canada, Germany, Italy, Austria

and Holland.
Abu Dhabi offers the additional
benefits of a very high standard
community
over

No currency restrictions.
restriction

with

of living and a vibrant expatriate

0% personal income tax.

No

signed

countries worldwide, including

Singapore,

renewable).
No

has

on

180

with

people

nations

living

from
and

working in the region.

foreign

talent or employees.
3

KPI Business Advisors & Consultants

TYPES OF LICENSES

DOCUMENTATION

Non-financial services | Retail

Individual Shareholder

TYPES OF COMPANIES

Detailed CV & personal KYC of

Private Company Limited by Shares

Branch of Foreign Company
(corporate shareholding is allowed)

OFFICE BEARERS

REGISTRATION AND LICENSING

COSTS
Initial Application (one time) US$ 300

shareholders & management

Name Reservation US$ 200

Detailed Business Plan

Application for registration of a

company/partnership US$ 1,500

Evidence of lease of office space

Other statutory documentation
and declarations viz. application

Issuance of Commercial License US$

4,000
Business Activity Fee* US$ 4,000 (upto

Two Directors

forms, specimen signatures etc.

One Company Secretary

Corporate Shareholder

*not applicable for retail companies

FACILITIES OFFERED

Corporate KYC duly attested

VISAS

Commercial Offices from 800 sq.ft

and minimum US$ 85 per sq.ft.
Business Centres from US$ 30,000
per annum for a 3-member setup

from the UAE Embassy

Detailed CV & personal KYC of

10 activities)

Based on size of facility availed,

usually around 80 sq.ft. per visa.

shareholders & management

Board Resolution calling for the
establishment of the entity
Other statutory documentation
and declarations viz. application
forms, specimen signatures etc.

TAXATION
No corporate tax or capital gains,
no personal income tax or any
other tax levied by the authority.

FINANCIAL STATEMENT AUDIT | BUSINESS CONSULTING | MARKET ENTRY STRATEGIES | CORPORATE SERVICES |
ENTERPRISE RISK MANAGEMENT | BUSINESS PROCESSES & KPIs | CFO SERVICES | ERP IMPLEMENTATION
Enabling Performance. Discovering Value

KPI Business Advisors & Consultants

ABOUT KPI

another Audit firm in Dubai, one of

KPI, an Audit and Advisory firm in

the emerging market leaders. The

Dubai, as a practice has more than

firm

two decades of heritage that we are

business partner in the GCC and Mr.

proud of; one that has seen economic

Kamath

highs and lows, along with the rise of

Practice in the merged entity.

Dubai and United Arab Emirates to

international prominence.

year 1992 in the UAE. The firm grew

quickly in fame among clients and
the industries it operated in. In
addition to regular audits, clients
approached

the

firm

for

many

advisory and consulting activities for

feasibility studies, due diligence,
market

research

and

headed

into
the

valued

Consulting

In December 2011, the practice was

spun off from the merged entity and

Kamath Auditing was formed in the

KPI has a pedigree and a sound

track record of consistency in
providing advice tailored to your
needs

transformed

valuation

projects.
In 2001, the firm was merged with

re-branded as KPI.
KPI is an independent member of
GMN International, an association of
carefully

selected

professional

accounting firms established and

respected in their own countries.
GMN International has 70 offices in
more

than

Europe,

32

countries

across

North

America,

South

America, Asia Pacific, Africa and the

Middle East.

Contact Us
Suite 3108, The Citadel, Business Bay
P.O.Box 121395, Dubai, United Arab
Emirates
Tel: +971 4 455 1010
Fax: +971 4 455 1011
admin@kpi-global.com

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While every effort has been made to ensure that the most recent and pertinent
information is available on this site, it is possible that some of this information
may have changed after it was posted here. Please note that this information does
not constitute legal or professional advice. Please write to us at admin@kpiglobal.com for the latest information and appropriate advice.
GMN International is an association of legally independent accounting and
business advisory firms. Each firm is a separate and independent legal entity and
as such has no liability for the acts or omissions of any other associate firm. GMN
International is the brand name for GMNI Coordination Limited (GMNICL), a UK
company limited by guarantee which provides coordination services to its
members. GMNICL does not provide, supervise or manage services to clients and
is not responsible or liable for the acts or omissions of any of its members nor can
it control the exercise of their professional judgment or bind them in any way.
Services are delivered to clients by the members of GMNICL. GMN International
is an association and does not fall within the definition of "network" under the
International Federation of Accountants (IFAC) Code of Ethics, Section 290 and the
European Union Statutory Audit (revised 8th Company Law) Directive.