Once your ADGM SPV is incorporated, you will have two types of costs:
Event Driven Filings
Most changes to the Company triggers filing obligations with ADGM which are usually time sensitive in nature and must be submitted in the required time frame to avoid late filing penalties.
Common changes include:
a Director or Authorised Signatory or Shareholder changes their residential address;
a change in Director or Authorised Signatory appointments;
a change in shareholders or issued share capital following a share allotment or share transfer; and
an amendment to the Articles of Association or a change to name of the Company.
You can read more on these changes here.
If you need changes to your ADGM company, you can complete our online scoping form so that we can advise you of the filing fees, process and requirements. Our current fee schedule can be accessed here.
An annual renewal fee of USD 3,195 applies, which includes:
our professional service fees for filing the commercial licence renewal, the annual confirmation, the data protection renewal and the financial accounts;
a registered office address for a further 12 months;
the appointment of Clara as the Company's Company Service Provider; and
the USD 1,400 in licence renewal fees payable to ADGM.
Additionally, should you require our assistance to file for the annual Economic Substance filings with the Ministry of Finance, our fee starts from USD 495 (ex VAT) for the annual notification and USD 895 (ex VAT) for the full substance report.