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picture1_One Person Company Pdf 161777 | Guidancecompanyincorporationv31


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File: One Person Company Pdf 161777 | Guidancecompanyincorporationv31
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 ...

icon picture PDF Filetype PDF | Posted on 21 Jan 2023 | 2 years ago
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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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...Company incorporation guidance notes contents introduction registration authority office the registrar s main functions under companies and commercial licensing regulations opening hours setting up entity in adgm step identify your business activities a financial b nonfinancial c retail d special purpose vehicle e tech startup f reglab participants g investment legal type name articles of association registered address authorized signatory directors secretary h shares shareholders i data protection contact person j ultimate beneficial owner ubo k resolution l antimoney laundering m fees submit application form services note page ver review approval certificate license effects what next additional approvals required lease visa statutory filing requirements disclaimer abu dhabi global market was established pursuant to law no as free zone emirate with its own civil laws will offer worldclass system regulatory regime this document has been written guide potential registrants through proce...

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