Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21 October 2015.
In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths – private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
For more details of ADGM, please visit www.adgm.com or follow us on Twitter: @adglobalmarket, @FinTechAD, #FinTechAD, and LinkedIn: ADGM
In March 2016, Abu Dhabi Global Market (ADGM), the UAE Capital’s International Financial Centre, announced its ambition to create an inclusive FinTech hub for the MENA region. With the support of the industry and Abu Dhabi entities, ADGM successfully developed and launched the first FinTech regulatory regime and Regulatory Laboratory (regulatory sandbox) by November 2016.
By April 2017, Abu Dhabi was ranked top FinTech Hub for MENA region in the global FinTech Hubs Review by Deloitte in partnership with the Global FinTech Hubs Federation (the Federation). The report highlighted Abu Dhabi’s strategic location and ADGM’s achievements in reinforcing Abu Dhabi as the FinTech nexus for the MENA region.
FinTech Abu Dhabi is ADGM’s approach to bring together leading global and local players from the financial and technology communities to discuss pertinent issues and identify opportunities that will shape the future industry.
ADGM continues to actively champion the development of a sustainable and vibrant FinTech ecosystem to cater to the needs and growth of the economy in Abu Dhabi and regionally.
ADGM works closely with partners including accelerators, co-working spaces, academic institutions, entrepreneurship centres, technology firms, venture investors, financial institutions, and international regulatory counterparts to build a vibrant start-up ecosystem.