SETTING UP IN ABU DHABI GLOBAL MARKET
The Abu Dhabi Global Market (ADGM) is an international financial centre located in the capital of the United Arab Emirates, Abu Dhabi. Established in 2013, ADGM aims to position Abu Dhabi as a global hub for business and finance. It operates across Al Maryah Island and is designed to support a range of financial services, including banking, insurance, asset management, and capital markets.
Key Features:
• Independent Jurisdiction: ADGM operates as an independent jurisdiction with its own civil and commercial laws, distinct from the rest of the UAE.
• Common Law Framework: The legal system in ADGM is based on English common law, making it familiar and accessible to international investors and businesses.
– Regulatory Bodies: The ADGM is overseen by three independent authorities:
• Registration Authority: Manages the registration and licensing of businesses.
• Financial Services Regulatory Authority (FSRA): Regulates financial services firms and ensures market integrity.
• ADGM Courts: Provide a framework for dispute resolution and the enforcement of laws.
