Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Dispute Resolution
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's life style
Latest Initiatives Khaled bin Mohamed bin Zayed witnesses opening of 3rd Abu Dhabi Finance Week FSRA introduces a regulatory framework to support the issuance of Fiat-Referenced Tokens in ADGM
Overview Business Areas Setting up Operating in Public Registers Legal Framework
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest News RESOLVE 2024 Concludes with Impactful Sessions on Complex and Pressing Issues Shaping Global Dispute Resolution Khaled bin Mohamed bin Zayed witnesses opening of 3rd Abu Dhabi Finance Week
Regulation Awareness Collaboration Ecosystem ADGM Sustainable
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights Abu Dhabi Sustainable Finance Forum’s COP28 Edition Deep-Dives into Nuances of “Building Green Financial Centres of the Future” ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28
Media News Events Spotlight Podcasts Publications
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming Events ADFW 2024 LINK Networking Series
Support Make an enquiry Whistleblowing FAQs
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • ACCESSADGM
  • Discover

    News

    Media Announcements ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM Download Arabic

    ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM

    ADGM: 26 March 2024

    Download Arabic
    • The initiative was taken to ensure a seamless transition by exempting qualifying businesses on Al Reem Island from paying any fees to obtain an ADGM commercial licence until 31st October 2024.


    Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, has recently concluded a series of focus group meetings with businesses located on Al Reem Island. The objective of these meetings was to gather insights into the specific requirements, concerns, and challenges these businesses face.

    Recognising the insightful feedback received from diverse businesses, ADGM is delighted to announce a new incentive initiative crafted exclusively for established businesses situated on Al Reem Island, operating within the non-financial and retail sectors. This initiative is strategically designed to bolster support for these businesses during their transition from the Abu Dhabi Department of Economic Development (ADDED) to ADGM.

    Through this incentive initiative, qualifying businesses located on Al Reem Island will be exempt from paying any fees for obtaining an ADGM commercial licence until 31st October 2024. This proactive measure aims to streamline the transition process for these businesses, enabling them to continue to thrive without the added financial burden during this period.

    Hamad Sayah Al Mazrouei, CEO of ADGM Registration Authority said, “The seamless transition of existing businesses on Al Reem Island remains a top priority for ADGM. Our alignment with this objective has led to the introduction of the new incentive initiative aimed at assisting existing non-financial and retail businesses in Al Reem to obtain an ADGM commercial licence without incurring the fees attached to it. This will help mitigate any potential disruptions that these businesses might encounter when moving from an ADDED licence to an ADGM licence, enabling them to operate within ADGM’s jurisdiction, swiftly.”

     

    ADGM strongly encourages all businesses that fall under the non-financial and retail categories on Al Reem Island to take advantage of this exceptional opportunity.

    This initiative reflects ADGM’s commitment to fostering a supportive and business-friendly environment in Abu Dhabi, contributing to the sustainable growth and development of the local economy. By providing these incentives, ADGM aims to reaffirm its role as a catalyst for business success and innovation in the region.

    To ensure a comprehensive understanding of the incentive initiative and its benefits, businesses are advised to review the Guidance Note published on the ADGM Al Reem Expansion page.

    Related news

    View all RESOLVE 2024 Concludes with Impactful Sessions on Complex and Pressing Issues Shaping Global Dispute Resolution Khaled bin Mohamed bin Zayed witnesses opening of 3rd Abu Dhabi Finance Week Under the Patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Abu Dhabi Finance Week 2024 Opens with Top Financial Leaders in the ‘Capital of Capital’

    About

    Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Dispute Resolution Careers

    Business

    Overview Business areas Setting up Operating in Public registers Legal framework

    Sustainable Finance

    Regulation Awareness Collaboration Ecosystem ADGM Sustainable

    Discover

    Media News Events Spotlight Podcasts Publications Documents

    Contact & Support

    Support Make an enquiry Whistleblowing

    Resources

    FAQs Document Repository
    © 2024 Abu Dhabi Global Market. All rights reserved. Sitemap Terms and conditions Privacy policy Cookies policy

    We use cookies and similar technologies that are necessary to operate the website. Additional cookies are used to perform analysis of website usage. By continuing to use our website, you consent to our use of cookies. For more information, please read our Cookies Policy.

    Reject cookies Accept cookies