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What information do I need to set up my ADGM SPV?
What information do I need to set up my ADGM SPV?

This article outlines the information and documents you need to set up an ADGM SPV

Updated over 2 years ago

We will need the following items from you to prepare the incorporation documents and application for your ADGM SPV:

  1. Proposed name: If the name has a particular meaning, this must be disclosed. If their is an affiliation with a similarly named entity we will need the details, including the commercial licence.

  2. Purpose of the company:

    1. If its to hold shares in an existing company, we will need the details of this company

    2. If its to hold shares in a company to be formed, we will need details of where the company will be formed

  3. Shareholders: who will be the incorporating shareholders and what is the split of shares between them. We will need their KYC.

  4. Ultimate Beneficial Owners (UBOs): If there will be an individual who has 25% or more ownership or voting rights in the ADGM SPV indirectly through a corporate vehicle, we will need their KYC.

  5. Directors: who will be appointed as the director(s) and we will need their KYC.

  6. ADGM Authorised Signatory: who will be appointed as the ADGM Authorised Signatory and we will need their KYC. If more than one person is being appointed, will their authority be joint or single?

  7. Data Protection Contact: who will be the Data Protection Contact and we will need their KYC.

  8. Banking Authorities: If the company will open and operate a bank account, who will have signing authority?

  9. Financial Records: Clara will maintain the statutory records, but the day-to-day accounts will be held elsewhere. If the address is in the UAE, please provide a PO Box.

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