The Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, has recently completed a significant jurisdictional expansion by integrating Al Reem Island. This strategic move solidifies ADGM’s position as one of the largest international financial centers globally and underscores its commitment to fostering a robust and business-friendly environment. Expansion Overview Announced...
Abu Dhabi is not just a city of opportunity—it’s a meticulously designed business ecosystem that fuels innovation, sustainability, and economic growth. Positioned at the crossroads of global trade, it has rapidly evolved into a top-tier destination for businesses and investors looking to establish and expand in a dynamic, future-ready market. With Vision 2030 at its...
The Abu Dhabi Global Market (ADGM) has announced the implementation of its Employment Regulations 2024, set to take effect on 1 April 2025. These regulations aim to align with global shifts in workplace practices, providing enhanced clarity for both employers and employees regarding their rights and obligations. Key Changes in the Employment Regulations 2024 Redefinition...
The Abu Dhabi Global Market (ADGM), the UAE capital’s premier international financial center, has unveiled a new fee schedule for commercial licenses, effective 1st January 2025. This update introduces significant reductions, particularly benefiting non-financial and retail businesses, with some fees slashed by 50% or more, along with other incentives. Fee Reductions by Category Non-Financial Category ...
Abu Dhabi Global Market (ADGM) has emerged as a thriving international financial center offering a comprehensive suite of incentives and support programs designed to foster business growth. This article delves into the key initiatives making ADGM an attractive destination for entrepreneurs and businesses. Exploring ADGM’s Incentive Program: Benefits for Early Movers ADGM’s incentive program offers...
This Article is part of our article on the Expansion of Al Reem Island of ADGM. This Article focuses more on the regulatory frameworks and legal arenas during and post the transition from Abu Dhabi Mainland to Al Reem Island. The major shift that the business will face during or post the transition is the...
The expansion of the Abu Dhabi Global Market (ADGM) to Al Reem Island marks a pivotal shift in the UAE’s regulatory landscape. Under the UAE Cabinet Resolution No. 41 of 2023, ADGM’s jurisdiction has extended beyond Al Maryah Island, bringing Al Reem Island under its common law system. This transformation, effective since April 2023, replaces...
The UAE’s competition framework is designed to foster a robust and dynamic market environment by safeguarding and promoting anti-competitive practices and ensuring compliance with fair pricing mechanisms across industries. The UAE’s Competition Law, governed by Federal Law No. 36 of 2023 (“Competition Law”), establishes a framework designed to prevent monopolistic practices, encourage market fairness, and...
In a decisive move to enhance the UAE’s labor law regulatory framework, the government unveiled significant amendments to the Federal Decree-Law on the Regulation of Employment Relationships. As part of these changes, fines reaching up to Dh1 million have been stipulated for specific infractions. Disambiguation: This article discusses UAE Federal employment laws. For ADGM labour...
In a significant regulatory update, the United Arab Emirates (UAE) Ministry of Human Resources and Emiratization (MOHRE) has announced a revolutionary shift in the procedural framework for work permit cancellations. Effective immediately, the cancellation of work permits for employees will necessitate no physical documentation, a substantial enhancement driven by the recently inaugurated Work Bundle platform....
