service

Support measures for registered entities in ADGM

Helping our community find their way through the challenging times of the COVID-19 pandemic

 

In keeping with Abu Dhabi’s robust economic stimulus package to support the economic activity and facilitate business in the Emirate, we have launched a set of financial and support measures to mitigate the adverse impact of COVID-19 on registered and new entities operating on Al Maryah Island.

ADGM Support Measures for new entities joining the ADGM Community

100% waiver on continuation fees until 31 December 2020 for businesses continuing into ADGM from a foreign jurisdiction.

50% reduction on the incorporation fee for new ADGM companies and limited liability partnerships until 31 December 2020.

Terms & conditions apply.

ADGM Support Measures for existing entities in the ADGM Community

100% waiver
on commercial license renewal fees for operational ADGM registered entities (with exception of SPVs and foundation licenses) until 25 March 2021.

on business activities renewal fees for operational ADGM registered entities until 25 March 2021.

on annual fund fees until 31 December 2020.

on data protection renewal fees for operational ADGM registered entities until 25 March 2021.

on new temporary work permit issuances, renewal and late application fees until 25 March 2021.

100% refund on annual fund fees already paid by existing FSRA authorised entities for 2020.s

50% waiver on any new FSRA Supervision fees to be collected until 31 December 2020

50% refund
of supervision fees already paid by existing FSRA authorised entities for the year 2020.

Annual accounts filing extension for up to 3 months to private limited companies and limited liability partnerships (LLPs), provided the filing deadline has not yet passed, and the next filing deadline is before 1 January 2021.

Deferment of rental payments and service charges for office tenants at ADGM Square on Al Maryah Island for 2020.
more at mubadala.com more at mubadala.com

ADGM Courts launched the Pro Bono Scheme initiative. Lawyers from ADGM law firms volunteer to provide support to qualified individuals with limited financial means to receive legal assistance at no cost.

Terms & conditions apply.
Dhaher Almheiri

ADGM Community

Our community is our priority. We are committed to working with you, our clients and partners, and to supporting you in any way that we can to weather these unprecedented times. We recognise that your health and wellbeing and that of your colleagues and loved ones are of paramount importance.

We also know that access to reliable information on the evolving situation and related UAE Government directives, business continuity measures and meeting financial obligations are some of your key considerations at this time.

Dhaher bin Dhaher Al Mheiri, CEO, ADGM Registration Authority

Richard Teng, CEO, ADGM Financial Services Regulatory Authority

Financial Services Regulated Entities

As the financial services regulator in ADGM, we have been working closely with our financial services entities and the wider community to monitor the economic and business impact of the current pandemic. Drawing on our strength as a community, upholding our ethos of close collaboration and maintaining a proactive regulatory approach, we look forward to overcoming this crisis together.

FSRA is steadfast in its collaborative approach and working closely with its financial services entities. In support of our financial services entities, we have introduced a set of relief measures to cushion the impact of the pandemic.

Richard Teng, CEO, ADGM Financial Services Regulatory Authority

If you are a registered ADGM entity or a company interested in learning more about our incentives, please get in touch. One of our business development representatives will be contacting you shortly.

All fields are required so our teams can best serve you when they respond.

Privacy notice: we will not disclose your name, email address or contact number to any third parties, and we will only use your personal details for the purpose of dealing with your enquiry. For more information on how we handle your personal data, please refer to our Privacy Policy