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What are the benefits of an ADGM Foundation?
What are the benefits of an ADGM Foundation?
Lee McMahon avatar
Written by Lee McMahon
Updated over a week ago

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.

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