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Special Purpose Vehicle (SPV)
What are the ongoing obligations for an ADGM SPV?
What are the ongoing obligations for an ADGM SPV?
Ayesha Waheed avatar
Written by Ayesha Waheed
Updated over a week ago

The ADGM SPV must attend to the following each year:

  • commercial licence renewal;

  • data protection declaration;

  • annual return (confirming the details regarding directors, shareholders etc are correct); and

  • annual accounts (the level of disclosure and requirement for audit depends on the company’s revenue).

  • Ongoing filing requirements also apply. For example, if there is a change of director, a director’s residential address changes or shares are allotted or transferred, a notification must be filed with the ADGM Registration Authority. Clara Formations should be notified as soon as possible as some notifications must be filed within 14 days.

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