CORPORATE SERVICES
Wincore Advisory Group’s structuring team will advise you on the best structuring to establish your UAE presence, establish your branch or representative office, set up your ADGM Financial Company whilst assisting you in fulfilling all regulatory licensing with ROC (Registrar of Companies), DED (Department of Economic Development), Freezone authority and the Regulatory authorities.
Financial Licenses can be obtained in the Abu Dhabi Global Market (ADGM), which is one of the two Financial Free Zones within the UAE. At the heart of the ADGM model is an independent risk-based regulator, the Financial Services Regulatory Authority (FSRA), which grants licenses and regulates the activities of all banking and financial institutions in ADGM. The ADGM is a broadly based recognized and renowned international financial center serving local, regional and international institutions, and grants permission for different categories of Financial Licensing in ADGM.
Representative Office –
Representative Offices are usually the most cost-effective The major difference with representative offices is that their business activities are limited to promoting and sourcing work for the parent company. Representative Offices are not allowed to make a profit in the UAE and must outsource all work back to the parent company.
Branch Company –
The parent company remains its sole owner. As such, there is no share capital required to open a branch office. The branch company also uses the parent’s articles of incorporation.
Wincore provides strategic assistance and coordination services on establishing regulated and non-regulated company formation in ADGM.
Our team of senior level compliance and legal advisors, combined with sophisticated corporate service expertise, we can provide the highest quality advisory and set up services for regulated and unregulated set-ups, at competitive cost and within an efficient and respected processing timeline. The key to the success of a timely ADGM company setup, is the professional drafting of the compliance and business plans within the General Information for Regulated Activities (GIRA), application for financial services permission, presented to the regulatory and /or registrar authorities.
Categories of Financial Licensing ADGM
First degree of structuring – More confidential and sophisticated
structuring are possible.
CONTACT US WITH EASE
Have a question or need help? Send us a quick message or contact us at: contact@wincoreadvisory.com
We’d love to hear from you!
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