You have reviewed the eligibility requirements and you are ready to proceed with incorporating your ADGM SPV on the Clara Platform. What are the steps and the timeline?
Steps:
Go to our website and login or select "Try for Free" if you don't already have an account.
Then follow the steps to start the incorporation of your ADGM SPV via our Clara platform by answering some basic initial questions and then paying the incorporation fee by credit card. Click here to watch a 2-minute demo.
Once you have paid, you will need to fill out the personal information for the individuals who will be the shareholders and directors of the company you are forming. Click here to review what information and documents you will need to have ready.
Finally enter the details of the new company being set up. Click here to watch a 2-minute demo or review the list of information you will need to have ready here.
The Clara team will review your submission and come back to you with any points requiring clarification or with the draft incorporation suite. This usually takes 24 - 48 hours.
The draft incorporation documents are shared with you for approval, following which they are sent by DocuSign for electronic signature by the shareholders, directors, authorised signatory and data protection contact.
Clara then completes the incorporation application and submits it to ADGM for review. ADGM's official review timeline is 10 business days from submission. However, in our experience, applications prepared via the Clara platform are frequently incorporated in half this time. We will update you once the application has been approved.
The application will be approved and you will receive a digital welcome pack with the Company's licence and key constitutional documents. You can also come back into your Clara profile to access these documents at any time.
The timeline largely depends on you having the information and documents ready to complete the personal information for the directors and shareholders.
Be sure to contact Clara if any changes are required once your ADGM holding company has been formed (including changes to the personal details of the shareholders and directors). Otherwise, Clara will contact you before the expiry of the current commercial licence to initiate the renewal process.