How do I set up an ADGM SPV?

How do I set up an ADGM SPV?

The ADGM SPV application and payment processes are fully digital and can be completed via the online registry solution through the ADGM portal.

Alternatively, companies and individuals who wish to set up an ADGM SPV can use a service provider like Sovereign PPG to assist them fully with the documentation and formation. Sovereign PPG is able to full manage the SPV application and set up process from start to finish.

For ease of process ADGM does not normally require any personal visits or submittal of original hard copies of documentation during the set-up process. ADGM does also not require the full consularisation of foreign corporate documents as part of the formation process, only certification of documents is required, which saves time and money.

Please see the below outlined the process steps for ADGM SPV application completion:

• Step 1 - Create a Profile
  Create a profile and review and prepare the required documentation for the application process. A brief business plan including structure, shareholders and purpose will also be required for pre-approval and application. Documentation required for application are listed below.

• Step 2 - Application Completion
  Complete all required forms and submit the application along with the above listed documentation and required payment.
• Step 3 - Notification
  Provided all information and required documentation is correctly submitted, the process can be completed within a few days. The status of your application will be available on your online dashboard and you will be updated via email should any changes be required for your application. Upon the Registrar’s final decision, you will receive a notification via email.
• Step 4 - Licence issuance
  Based on a successful application, you will receive a soft copy of your licence. You will also be provided a link in the email enabling you to set up an appointment to collect all original documentation.

For more information on setting up an ADGM SPV, the right holding structure for your business or for further information on any other related company set up, restructuring or local partner matters in the UAE and wider Gulf do get in touch with us on +971 (0)4 456 1761 for Dubai or +971 (0)2 448 5120 for Abu Dhabi, email us at SovPPG@SovereignGroup.com or complete the contact form below and we will be delighted to assist you.