Abu Dhabi Global Market ("ADGM")

The ADGM is a Financial Free Zone within the UAE with its own civil and commercial laws as well as its own financial services regulator, the Financial Services Regulatory Authority ("FSRA").

Any firm establishing in the ADGM can have 100% foreign ownership and is subject to a civil, commercial and regulatory environment similar to that established in the United Kingdom.
 

Does your Firm need to be regulated by the FSRA?

Any firm providing a financial service from a permanent place of business in the ADGM must be regulated by the FSRA. This includes, but is not limited to, Banks, Brokers and Dealers, Asset Managers, Corporate Financiers, Wealth Managers, Insurers and Insurance Intermediaries, as well as some of the less traditional financial services relating to Virtual Assets, Private Financing Platforms, sometimes known as Crowdfunding Platforms, and Money Service Providers. The type of business you wish to undertake will define the category of licence you will require and subsequently the amount of capital you will be required to hold.

Our guide to Setting up in the ADGM provides further details and insights on the application and authorisation process, including:

  • Licence categories
  • Restrictions on doing business from the ADGM
  • The application process
  • Mandatory appointments

How can CCL help?

CCL has been operating in the UAE since 2006. We have a long and successful record of financial services licensing applications in the region; at the start of 2021, we celebrated helping our 250th firm to become authorised in the UAE. 

We will partner with your Firm to advise you on, coordinate and project-manage the entire application from start to finish, giving you clear guidance on, and keeping you up to date with, each stage of the process. Our documentation will not only get you through the authorisation process but also provide you with a firm compliance foundation for your business to grow from.

Post-authorisation, our highly-experienced consultants can provide ongoing compliance advice, training on specific governance, risk and compliance issues, undertake independent monitoring reviews and even act as your Compliance Officer and/or Money Laundering Reporting Officer on an outsourced basis.

We have a dedicated team of experienced compliance consultants who can provide expert assurance and peace of mind. Get in touch to see how we can help your Firm.