Slleong
Currently, there are over 5,000 private enterprises registered in the ADGM free economic zone, up from 46 in 2016.
According to the agency, the chance to take advantage of the UAE's double taxation arrangements and assurances of asset protection from overseas jurisdictions are what draw enterprises to the business center. Large investors can also become citizens or get permanent residency in the nation.
In an interview with Bloomberg, Sam Blatteis, CEO of MENA Catalysts, a company that provides advice to Gulf-based companies, stated that the safe haven of Abu Dhabi's free economic zone is a better option than the more conventional but less stable British Virgin Islands and Cayman Islands. The agency's ADGM interlocutor listed Abu Dhabi's benefits as include the lack of minimum authorized capital requirements, the freedom to transfer shares without limits on the nationality of shareholders, and convenience of share registration.
source: bloomberg.com
According to the agency, the chance to take advantage of the UAE's double taxation arrangements and assurances of asset protection from overseas jurisdictions are what draw enterprises to the business center. Large investors can also become citizens or get permanent residency in the nation.
In an interview with Bloomberg, Sam Blatteis, CEO of MENA Catalysts, a company that provides advice to Gulf-based companies, stated that the safe haven of Abu Dhabi's free economic zone is a better option than the more conventional but less stable British Virgin Islands and Cayman Islands. The agency's ADGM interlocutor listed Abu Dhabi's benefits as include the lack of minimum authorized capital requirements, the freedom to transfer shares without limits on the nationality of shareholders, and convenience of share registration.
source: bloomberg.com
