Over 500 Companies And Entities Chose ADGM As Their IFC Platform

 Abu Dhabi Global Market, ADGM, the international financial centre in Abu Dhabi, announced that it has recorded more than a three-fold increase in the total number of registered companies and financial institutions from a broad range of industries and sectors in its second year of operations.

So far, ADGM has welcomed nearly 550 registered companies, a 360 percent increase as compared to the year before. In the first half of 2017, ADGM licenced 40 percent more new companies as seen in the region. The influx of well-established local family businesses, international financial institutions, funds, and professional and corporate service providers is a testament to ADGM’s commitment to providing an open and well-regulated financial hub, designed to serve the business and financial needs of Abu Dhabi and the UAE.

As a broad-based international financial centre, IFC, ADGM has been recognised for providing the industry with the ease of doing business, consistently high level of efficiency, a unique and comprehensive range of corporate and investment vehicles, and the full application of the English common law in its legislative framework.

ADGM’s globally benchmarked special purpose vehicle, SPV, regime has incorporated over 200 companies in the first 12 months of operations. It has been used to structure major aircraft and shipping transactions and served to establish regional offices for various aviation businesses. ADGM’s newly launched Foundations regime continues to garner keen interests and positive support from the local and corporate community for effective structures for wealth preservation and management.

Dhaher Bin Dhaher, Chief Executive Officer of ADGM’s Registration Authority, said, "We would like to thank all our registered companies and stakeholders for their continued trust in ADGM and our strategic platform as an IFC. In the last 12 months, we saw a jump in corporate entities, family businesses, financial firms to professional services establishing their regional base at ADGM and planning for their future. We will continue to introduce new initiatives for the benefit of our registered members and work closely with the relevant authorities to address the evolving business needs of our community and Abu Dhabi."

ADGM is honoured to receive the 2017 Qadat Al Tagheer Award and get recognised as the "International Financial Centre of the Year" by the UAE-India business community for its achievements and contributions in facilitating trade relations and opportunities between the two countries. This award was given on the opening day of the 3rd UAE-India Economic Forum.

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