For You If:
- You are a tech entrepreneur
- You have an idea for a start-up
- You need to be cost-effective
- You want to benefit from a tech-driven community
ADGM Tech Start-Up Company
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of UAE, opened on 21st October 2015. It serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world. ADGM has been awarded the “Financial Centre of the Year (MENA)” for three consecutive years for its initiatives and contributions to the financial and capital markets industry in the region. In 2018, ADGM was voted as “FinTech Regulator of the Year (MENA)” by Seamless Middle East and “Most Innovative MENA FinTech Regulator of the Year” by the FinX Award 2018.
In the second-half of 2018, ADGM introduced a new commercial license specifically for entrepreneurs in the technology sector. This licence for start-ups gives entrepreneurs a highly cost-effective ADGM based Commercial Licence benefiting from ADGM’s Entrepreneurship Support Program, developed in partnership with local and international partners, which aims to equip entrepreneurs with the skills and resources needed to succeed with their start-ups. This licence is aimed very much at start-ups and not existing businesses and allows companies to share the same globally recognized platform that current ADGM based entities such as funds, multinationals, SMEs, consultants, and other registered entities benefit from including a unique regional financial centre based on Common Law principles.
Standard process for setting up an ADGM Tech Start-Up Company
Consultation with Alpha Management; we have the experience and the insight to determine the best structure within ADGM for your company.
We will prepare and submit a clearly defined Business Plan with details of the proposed structure and obtain provisional approval from ADGM.
Once we have provisional approval, we will prepare and submit the full company application and submit to the ADGM Registrar.
Once we the application has been processed and approved, we will receive the License, and the company is formed.
Advantages of an ADGM Tech Start-Up Company
- 100% Foreign Ownership
- 100% Capital Repatriation
- 100% Corporate Tax Exemption
- No requirement to lease office space
- Benefit of ADGM Common Law Courts
- Full operational commercial license
- Annual License fee of only 700 USD
- Option for up to 4 employee visas
- Access to the Entrepreneur Support Program
- ADGM is very future/tech friendly
Regulations and Features for ADGM Tech Start-Up Companies
The licence is available without requiring a permanent office space, which is a huge cost-saving for entrepreneurs who need to manage their overheads while developing their business is in its infancy. This license also grants access to ADGM government services, including the application for up to four visas per licence. Each license is valid for one year, and can be renewed for the second year, after which successful companies showing progress (revenue growth and/or sufficient level of investments) will be converted to a traditional operational entity, or a holding company within ADGM.PROFFESIONAL SERVICES SUPPORT PROGRAMME
ADGM is also addressing the growing demand for business-building skills by introducing the Professional Services Support Programme. The first of its kind in the UAE, the programme is a partnership with leading local and international advisers, who aim to help entrepreneurs from all sectors find investors and increase the attractiveness of their company to potential investors. There will also be advice for topics such as Legal, Compliance, Finance, Accounting and VAT. This programme complements and adds to the support available from the many sector-specific incubators and accelerators in Abu Dhabi and the UAE, to which ADGM-registered start-ups will have access.