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Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

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A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

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Latest News ADGM Launches an All-in-One Mobile App to Enhance Connectivity and Elevate Experience Across the Financial District ADGM's Numou Expands Financial Access Through Strategic Partnerships with Leading Private Credit Providers
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  • Getting started
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  • Resolution for incorporation
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  • Operating in ADGM

    Non-exempt SPVs and Foundations

    Operating in ADGM Company Service Providers Non-exempt SPVs and Foundations
    Setting up and maintaining a non-exempt SPV

    Under ADGM's CSP Framework, setting up and maintaining a non-exempt SPV or foundation requires the appointment of an ADGM licensed Company Service Provider.

    The licensed CSP’s role includes to manage the incorporation process, provide the registered office address and complete the SPV (or foundation’s) ongoing statutory filing requirements, on its behalf.

    A list of all ADGM licensed Company Service Providers is available here.

    What is a non-exempt SPV / Foundation?

    Under section 296A(1) of the Companies Regulations 2020, a company conducting the business activity of special purpose company or vehicle must at all times have an ADGM licensed Company Service Provider, unless exempt. An SPV that does not meet the exemption criteria is a ‘non-exempt SPV’.

    Similarly, under section 18(1) of the Foundations Regulations 2017, a Foundation must at all times have an ADGM licensed Company Service Provider, unless exempt. A foundation that does not meet the exemption criteria is a ‘non-exempt foundation’.

      If you are unsure of whether your SPV or foundation would meet the exemption criteria, and therefore not be required to appoint a CSP, you can use our tool available on the Guidance and Resources page here.

      Appointing a CSP

      Since 12 July 2021, all new applications to incorporate a non-exempt SPV or foundation must be submitted by an ADGM licensed CSP. A list of all ADGM licensed Company Service Providers is available here.

      Note: existing non-exempt SPVs and foundations are required to notify the Registrar of the appointment or cessation of a CSP within fourteen (14) days of the appointment or cessation.

      Guidance and Forms

      Guidance and Resources for Foundations

      CSP Appointment Form - Foundations
      CSP Cessation Form - Foundations

      Guidance and Resources for SPVs

      CSP Appointment Form - SPV
      CSP Cessation Form - SPV

      Guidance on Exemptions

      Guidance on Exemptions from the requirement to appoint a CSP
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