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Did you know that you may be able to “continue” your company into Abu Dhabi Global Market (“ADGM”)?
What is continuance?
It is a legal process by which a company incorporated in one jurisdiction exits that jurisdiction and becomes governed by the laws of another jurisdiction. In other words, the company migrates from one jurisdiction to another.
Is my entity eligible to continue into ADGM?
Companies can continue into ADGM under certain circumstances. Generally, these are that:
What do you need?
If your company satisfies the above criteria, and you wish to continue your company into ADGM, some of the items you will need are:
In addition to these continuance-related documents, the company needs to satisfy ADGM’s regular company registration criteria.
The Benefits of ADGM
ADGM is an international financial free zone based in Abu Dhabi, UAE. Its goal is to develop and cement Abu Dhabi’s position as a global hub for business and finance.
Among its advantages:
Al Tamimi & Company are experts on ADGM. If you would like to learn more about how your company can continue into ADGM, or would like advice on other ADGM aspects, please contact Hassan Al Jarrah and Nasouh Raslan for advice and assistance.
Disclaimer: This chat service should not be relied upon as a substitute for professional advice which takes account of your specific circumstances and any changes in the law and practice. No warranty is made as to the accuracy or completeness of the information provided via this service and no liability is accepted by Al Tamimi & Company Limited, its affiliates, partners or employees for any loss arising as a result of reliance upon the information provided.
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