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Tech Startup Licence
What are the ongoing obligations for an ADGM Tech Startup?
What are the ongoing obligations for an ADGM Tech Startup?
Lee McMahon avatar
Written by Lee McMahon
Updated over a week ago

At the first licence period (12 months), the company must file:

  • 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 changes their residential address or shares are allotted or transferred, a notification must be filed with the ADGM Registration Authority. Please inform Clara Formations immediately as some notifications must be filed with ADGM within 14 days.

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