An ADGM Foundation offers many benefits:
Low set-up costs and a Foundation can be set up with as little as USD 100 as its initial asset.
No physical office space required. A registered office address in ADGM is required and this can be through a registered agent like Clara Formations.
All the Foundation roles can be held by individuals or legal entities and there is a lot of flexibility to amend the structure once established.
Foundations can be redomiciled in and out of ADGM with minimal cost.
ADGM is generally a tax-free jurisdiction (noting that VAT came into effect in the UAE on 1 January 2018) and ADGM registered entities are eligible to apply for a Tax Residency Certificate from the UAE Ministry of Finance. If it meets the criteria, the ADGM Foundation will benefit from the UAE’s Double Tax Treaty network.
ADGM is an independent, English language jurisdiction with its own civil and commercial laws and court system. It is a common law jurisdiction which is based on English law.