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Company Incorporation Guidance Notes Contents Introduction ............................................................................................................................................... 4 Registration Authority Office ................................................................................................................ 4 The Registrar’s main functions under Companies and Commercial Licensing Regulations .................. 4 Opening Hours ....................................................................................................................................... 4 Setting up entity in ADGM ......................................................................................................................... 5 Step 1: Identify Your Business Activities ............................................................................................... 5 A. Financial ..................................................................................................................................... 5 B. Non‐Financial ............................................................................................................................. 5 C. Retail .......................................................................................................................................... 5 D. Special Purpose Vehicle ............................................................................................................. 5 E. Tech Startup .............................................................................................................................. 6 F. Reglab Participants .................................................................................................................... 6 G. Investment Company ................................................................................................................ 6 Step 2: Setting Up .................................................................................................................................. 6 A. Legal Entity Type........................................................................................................................ 6 B. Company Name ......................................................................................................................... 8 C. Articles of Association ............................................................................................................... 9 D. Registered office address ........................................................................................................ 10 E. Authorized signatory ............................................................................................................... 11 F. Directors .................................................................................................................................. 11 G. Company Secretary ................................................................................................................. 11 H. Shares & Shareholders ............................................................................................................ 12 I. Data Protection Contact Person .............................................................................................. 13 J. Ultimate Beneficial Owner (UBO) ............................................................................................ 13 K. Resolution ................................................................................................................................ 17 L. Anti‐Money Laundering ........................................................................................................... 18 M. Fees ...................................................................................................................................... 19 Step 3: Submit the application form ................................................................................................... 20 A. Financial Services Company .................................................................................................... 20 B. Non‐Financial Services Company ............................................................................................ 20 C. Retail Services Company ......................................................................................................... 21 D. Special Purpose Vehicle ........................................................................................................... 21 E. Tech Startup ............................................................................................................................ 21 F. Reglab Participants .................................................................................................................. 22 Guidance Note – Company Incorporation Page 2 of 26 Ver3.1 / 20190624 G. Investment Company .............................................................................................................. 22 Step 3: Review of Application .............................................................................................................. 23 Step 4: Approval of Application ........................................................................................................... 23 A. Certificate of Incorporation ..................................................................................................... 23 B. Commercial license ................................................................................................................. 23 C. The effects of company’s registration ..................................................................................... 23 Step 5: What’s Next? ........................................................................................................................... 24 A. Additional Approvals required ................................................................................................ 24 B. Registration of Lease ............................................................................................................... 24 C. Visa Services ............................................................................................................................ 25 D. Statutory Filing Requirements ................................................................................................. 25 Disclaimer ................................................................................................................................................ 26 Guidance Note – Company Incorporation Page 3 of 26 Ver3.1 / 20190624 Introduction Abu Dhabi Global Market (“ADGM”) was established pursuant to Abu Dhabi Law No. 4 of 2013 as a financial free zone in the Emirate of Abu Dhabi, with its own civil and commercial laws. ADGM will offer market participants a world‐class legal system and regulatory regime. This document has been written to guide potential registrants through the process of registration. This document gives a comprehensive step‐by‐step guide to the practicalities of setting up business in ADGM, providing greater understanding of what is required from the potential registrants and highlighting some of the issues to be aware of. The Registration Authority will do all that it can to ensure that the process of registration is as easy and as seamless as possible. Registration Authority Office The Registration Authority (the “Registrar”) is one of the core pillars of ADGM. The Registrar is an independent body, which has the powers to license and register the ADGM establishments. The Registrar’s office is located at 3rd floor, ADGM Building, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates. The Registrar’s main functions under Companies and Commercial Licensing Regulations Registration of ADGM establishments Registration of business names and maintenance of register Registration of post‐incorporation documentation and event‐driven filings Registration of changes in business name particulars Registration of changes in directors, officers, shareholders and share capital Enforcement, prosecution and strike off, dissolution or restoration of ADGM establishments. Cancellation of Commercial Licenses, amendment, suspension, etc. Opening Hours The Registrar’s office is open from Sunday to Thursday, 9:00am to 3:00pm and may be contacted during normal working hours at +971 2 3338777 or by email at registration.adgm@adgm.com Guidance Note – Company Incorporation Page 4 of 26 Ver3.1 / 20190624
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