Specify the company name Does your proposed company name have a special meaning? You should specify it if it’s not a commonly known English word, or if it’s a shortened word, an abbreviation or an acronym. Providing an Arabic translation is optional. If the company is affiliated with another company of the same name, you will need to add their commercial license.
Add details on assets & revenue We need a bit more details if the company will have shares in any incorporated companies or in any companies not yet formed
Nominate ADGM authorized signatory Appoint eligible stakeholder as ADGM authorized signatory. If there is no eligible stakeholder, you can either use Clara’s Nominee service or add a third party who is not a director or shareholder but they must be UAE Resident or a GCC National.
Provide banking and accounting details In order to form your company, you will need an ADGM-based bank account and also need to provide details of where your accounting records are kept.
Use the model of AOA or Upload amended AOA The model Articles of Association contain the basic requirements. If you want to add additional share classes or include details from a Shareholder’s Agreement, then you will need to supply us with your amended AOA and confirm that they comply with the regulations.
Decide share capital Select your own number of authorized shares, or use Clara’s recommended approach. The authorized share capital for a ADGM company is the maximum amount of share capital that the company is authorized by its shareholders to issue to shareholders.
Pay & Submit Once all your formation tasks are completed, you can pay and submit your formation to Clara.
Review and Sign Once submitted, Clara will review and create the incorporation pack for signing within 2-3 business days.
Track progress After signing the documents, Clara will file the incorporation, completing within 7 to 10 business days. Progress can be tracked on the dashboard.
ADGM SPV – Your essential guide Setting up a company in ADGM, and specifically a Special Purpose Vehicle (SPV), is attractive for founders and investors. Founders benefit from the speed and simplicity that ADGM’s fully digitised incorporation process achieves, while investors are attracted by the investment flexibility and legal protections that ADGM’s strong regulatory environment provides. Clara Sep 19 · 8-minute read
Key differences between ADGM and DIFC The ADGM and the DIFC are financial free zones in the UAE with independent jurisdictions exempted from the UAE’s civil and commercial laws. For founders looking for a place to register a new business, both are great jurisdictions to choose from. Education May 16 · 5-minute read