|
Services
|
Fees (USD)[1]
|
|
Company registration in ADGM, including[2]:
- company incorporation (name check; collection, preparation and submission of documents for incorporation; selection of a licence; delivery of original corporate documents); - liaising with government authorities regarding all matters of the company; - maintaining the company’s online service portal with the free zone and migration authorities; - monitoring changes in legislation, informing about changes and the need to revise the activities/structure of the company; - compliance check; - postal services (collection/delivery of documents and other correspondence); - company seal. The above price also includes the state fees billed by the Free Zone for company registration, issuance of a license for 1 type of activity and flexi desk office. Other options are available upon request |
25 500
|
|
Obtaining a residence visa
(cost of one visa – investor visa), including: - Government fees (Entry Permit, Medical Fitness Report & Emirates ID, Visa Stamping on the Passport); - preparing, executing and agreeing the necessary documentation with the migration authority; - accompanying the client to a medical clinic for medical examination; - accompanying the client to the Federal Migration Service for fingerprinting and biometrics; - submitting to the migration authority documents for issuing and stamping a visa; - filing an application for and obtaining a residence card; - selecting an insurance company for medical insurance (if required); - transport expenses |
4 200
|
Assistance with bank account opening (irrespective of the outcome of application)
|
Stage I:
- selecting a bank, - collecting documents, - drawing up and sending to banks an account opening application |
500
|
|
Stage II:
- accompanying you to a personal meeting with a banker, - preparing you for the interview, and - further interacting with the bank on completion of the account opening process after the interview with bank officer |
2 000
|
|
Total:
|
31 700
|
The company registration in ADGM includes the following steps:
1) Selecting:
2) Paying fees for services
3) Providing documents for the directors / managers / secretaries / shareholders (either originals or notarized copies, with passport to be valid for at least 6 months before its expiry date):
The shareholders will need to sign a Client Questionnaire Form for completing the compliance procedure and a Contract for administration.
Before registering a company, the Free Zone authority must check the shareholders and directors of the company (Security Check). At this stage, additional documents, for example a police clearance certificate, may be requested.
The check normally takes 2 to 4 business days.
Once the check is done, the company is registered. Upon registration, the Free Zone authority issues the following documents:
A company seal is also issued.
The UAE does not have such a concept as a residence permit. The UAE migration rules require the issuance of residence visas which in practice are similar to a residence permit.
A residence visa can normally be obtained on the following grounds:
The application for residence visas includes the following steps (a visa can only be applied for after the registration of a company):
1. Opening an Establishment Card (the migration file of the company) – 3-5 days. This document is necessary for the company to be able to apply for residence visas in the future.
2. Submitting documents for a residence visa and obtaining an Entry Permit (permission to enter the country) – 5-7 days.
To obtain a residence visa, an individual must enter the UAE with an Entry Permit.
If at the time of issuing of Entry Permit the applicant is already in the UAE, then in order to complete the issuance of a residence visa without leaving and re-entering the country, it is necessary to change the status of the visa. The service of changing the status of a visa is provided upon request and is subject to additional charges.
3. Visiting the UAE to obtain a residence visa – in most cases, a visa can be obtained within 5 business days.
The applicant needs to:
After receiving the passport with a residence visa inserted into it, one can leave the country.
4. Obtaining a resident’s ID card – ID Emirates
The card is issued a few days after the issuance of a visa. Personal presence is not required to receive it.
Upon expiration, a visa can be renewed.
Every company registered in Abu Dhabi Global Market must keep accounting records sufficient to confirm its financial position and reflecting up-to-date information about the assets and liabilities of the company. Such records and underlying documents must be available for inspection at any time. The company is obliged to keep accounting records for ten years from the date of their making.
The directors of the company must annually prepare an annual report consisting of:
The company’s first accounting reference period begins on the date of incorporation and lasts from 6 to 18 months. Every subsequent accounting reference period lasts exactly 12 months from the end-date of the previous period[3].
The annual report must be filed within 9 months of the end-date of the accounting reference period[4].
A company must annually renew its licence, by paying a relevant fee, and its lease agreement.
The company’s renewal date is the anniversary of the issue of the licence. In the case of late renewal payment, the Free Zone authority reserves the right to charge fines, as well as suspend the licence.
|
Services
|
Fees (USD)
|
|
Company registration in ADGM, including [6]:
- company incorporation (name check; collection, preparation and submission of documents for incorporation; selection of a licence; delivery of original corporate documents); - liaising with government authorities regarding all matters of the company; - maintaining the company’s online service portal with the free zone and migration authorities; - monitoring changes in legislation, informing about changes and the need to revise the activities / structure of the company; - compliance check; - postal services (collection / delivery of documents and other correspondence); - company seal. The above price also includes the state fees billed by the Free Zone for company registration, issuance of a license for 1 type of activity and flexi desk office. Other options are available upon request |
25 000
|
|
E-channel deposit (refundable, returned in the case of licence revocation)
|
1 120
|
|
Annual renewal of the company, including:
- liaising with government authorities regarding all matters of the company; - maintaining the company’s online service portal with the free zone and migration authorities; - monitoring changes in legislation, informing about changes and the need to revise the activities / structure of the company; - keeping track of the deadlines and making payments for the company renewal and the office lease agreement; - postal services (collection / delivery of documents and other correspondence). The above price also includes the state fees billed by the Free Zone for the renewal of the license. Other options are available upon request |
23 000
|
|
Obtaining a residence visa
(cost of one visa – investor visa), including: - Government fees (Entry Permit, Medical Fitness Report & Emirates ID, Visa Stamping on the Passport); - preparing, executing and agreeing the necessary documentation with the migration authority; - accompanying the client to a medical clinic for medical examination; - accompanying the client to the Federal Migration Service for fingerprinting and biometrics; - submitting to the migration authority documents for issuing and stamping a visa; - filing an application for and obtaining a residence card; - selecting an insurance company for medical insurance (if required); - transport expenses |
4 200
|
|
Renewal of a residence visa
(this is the cost of one visa) Renewal of a residence visa (an investor visa is issued for 2 years) requires taking the same actions and paying the same fees as upon initial application |
4 200
|
Assistance with opening corporate and personal bank accounts:
|
Stage I:
- upon your completing a special questionnaire, we get to know you and your business closer and offer several banks to choose from; - we help you to collect the necessary package of documents required for account opening; - we arrange an interview for the signatory to the account at the bank of your choice (or several banks, because it is better to apply to more than one bank, to increase the chances of opening at least one account) |
500
|
|
Stage II:
- we accompany you to a personal meeting with a banker; - we prepare you for the interview, going again through the list of necessary documents and accentuating necessary points; we also instruct you in detail about what questions the bankers usually ask and what they expect to hear from you; - we take care of further interaction with the bank on completion of the account opening process after the interview with bank officer |
2 000
|
|
Compliance fee
Payable in the cases of: - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder), - signing of documents |
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |
|
Keeping the company’s accounting records
Maintaining a systematic archive of company documents and providing them to the client upon request |
200 / hour[7]
|
|
Preparing financial statements, conducting an audit and submitting financial statements to the Free Zone authorities
|
400 / hour
|
|
Tax advice on VAT and other matters
|
from 300 / hour
|
|
VAT registration
|
1 200
|
|
Preparing and submitting VAT returns
|
200 / hour
|
[1] 5% VAT applies.
[2] The cost of the package may vary depending on the number of shareholders, type of licence, and size of office (the office size dictates how many residence visas a company can have).
[3] The accounting reference date can later be changed by filing the relevant form to the Registrar.
[4] For the first accounting reference period exceeding 12 months, this deadline is different and is:
(а) nine months from the first anniversary of the company’s incorporation, or
(b) three months from the end-date of the accounting reference period,
whichever is later.
[5] 5% VAT applies.
[6] The cost of the package may vary depending on the number of shareholders, type of licence, and size of office (the office size dictates how many residence visas a company can have).
[7] The fees for preparing financial statements and conducting an audit are charged based on the time spent at hourly rates ranging from USD 100 to USD 400, depending on the type of work and qualification of a specialist involved, but are not less than USD 1 900 – fees for audited financial statements with a minimum number of transactions.