ADGM Special Purpose Vehicles (SPVs) are a popular choice of holding company for many businesses and they are often established to ring-fence assets and liabilities. An ADGM SPV may only perform specific activities including buying, holding or selling an asset; securitising assets; and issuing investments.
The commercial licence of an ADGM SPV describes the permitted activities as:
Activity 7029 Special Purpose Vehicle - holding ownership of equity and non-equity assets, including shares, debentures, bonds, other forms of security. Holding ownership of real property, intellectual property, other tangibles and intangible assets.