If you’ve been thinking about starting a business in the UAE, you’ve probably come across the Abu Dhabi Global Market (ADGM) as a great option. ADGM offers a range of opportunities, from tax exemptions to a thriving international business community.
To step into the thrilling world of entrepreneurship in ADGM, you first have to get an ADGM Company License. Even if it may seem to be complex, it’s actually a fairly simple process. And this guide walks you through this from start to finish.
What Is an ADGM Company License?
An ADGM company license is an official authorization to engage in business activities in the Abu Dhabi Global Market. Obtain your corporate name from the ADGM Registration Authority, this license will authorize you to do so. Whether you are in manufacturing-related business, professional services, or the financial field, ADGM has a several licenses to offer according to your business actions.
What Are the Various Types of ADGM Licenses?
One of the best aspects about the ADGM is the fact that it offers so many licenses that are essentially meant to cater to varied types of businesses. Here’s a summary for your convenience:
Commercial License: This license is perfect for commercial activities, meaning buying and selling goods/services. It opens the gateway for retail business owners and service-oriented businesses to work legally in ADGM’s commercial establishments.
Professional License: Suitable for business establishments engaged in professional services, i.e. service provision in the lines of consultancy, legal practitioners, and special services.
Financial License: This one’s for businesses in the financial sector, including banks, investment firms, and insurance companies.
The right license depends on your business activities, so make sure you choose the one that best reflects what you do.
Why Should You Choose ADGM for Your Business?
One of the main reasons why many entrepreneurs are opting to set up their businesses in ADGM is the minimal amount of tax.
100 Percent of Foreign Ownership – An extra-special perk of setting up a company in ADGM is that it provides for 100 percent foreign ownership. The significance here for an investor is that there is no need to solicit a local sponsor, thus preserving his or her ownership from day one.
International Market Access – Trade and investment are the lifeblood of any industry, and with ADGM heaving doors open to international business, making it easier for your business to reach global markets and expand its network.
Business Setup – Business setup in ADGM is typically addressed faster and more straightforwardly than in other jurisdictions due to enhanced infrastructure and comparatively simpler procedures.
How Do You Apply for an ADGM Business License?
Application for the ADGM Business License: The application process is straightforward and can be conveniently done online. Here is the step-to-step guide of how to start:
Choose Your Types of Activities: To start your business in ADGM, you must make the first decision: What type of business are you getting into? Which business suits you?
Collect Your Business Documents: Gather all relevant documents required to kick-start the business. The documents should include a personal copy of your passport, proof of residential address, and a well-drafted business plan stating clear objectives.
Submit Your Application Online: Visit the ADGM website and fill the online application form. It’s a straightforward process, and all the instructions are clearly outlined.
Pay the Fees: The cost of the license varies depending on the type of business you’re setting up, so be sure to check the fees specific to your business activity.
Get Your License: Once your application is submitted and payment is made, ADGM will process everything. Once approved, you’ll receive your business license, and you’re all set to start your operations in ADGM!
How Landwell Consultants can help you?
Getting an ADGM business license is one of the key steps toward making your entrepreneurial dreams a reality in the UAE’s fast-growing economic landscape. With tax exemptions, the ability to fully own your business, and access to global markets, it’s an excellent option for both local and international entrepreneurs.
The process is to go quick, transparent, and clear for you to focus on what matters—the growth of your business!
Finally when you ready and want to make your business idea into reality, having an ADGM business license is the gateway of opportunity. Best of luck to the exciting journey—you’re much closer to building the business you’ve always planned in the UAE!
Want to establish a business in ADGM? Get professional guidance for obtaining a ADGM business license from Landwell Consultants. Contact us today!