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Do shareholders and directors need to update ADGM if their details change?
Do shareholders and directors need to update ADGM if their details change?
Updated over a week ago

Yes, and in most circumstances the change needs to be filed with ADGM within 14 days or a fine may be issued against the company.

The changes that may trigger a filing requirement include:

  • A change in the residential address of a Director, Authorised Signatory, Shareholder and Data Protection Contact;

  • A change in the name of a Director, Authorised Signatory, Shareholder and Data Protection Contact. This could include a change following marriage, or the change in the name of a corporate entity that is a shareholder;

  • The resignation or appointment of a Director, Authorised Signatory and Data Protection Contact;

  • Amendments to the Articles of Association of a company;

  • A change in the shareholding of the company. This could be because of an allotment of shares, a share transfer or a share buy back.

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