ADGM Registrations Authority and the Israeli Corporations Authority signed SoC to improve Relations

April 5, 2021by Admin0
cooperation

The ADGM RA and the Registrar of Companies in the Israeli Corporation Authority signed a Statement of Corporation (SoC) to improve business opportunities between both places and to facilitate their registration functions.

The SoC will promote partnerships between Israeli and UAE businesses. Additionally, the pact will enable professional knowledge sharing and the possibility of give-and-take between the authorities.  

This will aid the entities in both Israel and UAE and will be an opening to vast business expansion and investment opportunities. The agreement was signed to improve the mutual corporation, to help in the smooth functioning of the expected vast business expansion in both these jurisdictions shortly.

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Source: https://www.adgm.com/media/announcements/adgm-ra-and-ica-sign-statement-of-cooperation

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ATB Legal is a full-service legal consultancy in the UAE providing services in dispute resolution (DIFC Courts, ADGM Courts, mainland litigation management and Arbitrations), corporate and commercial matters, IP, business set up and UAE taxation. We also have a personal law department providing advice on marriage, divorce and wills & estate planning for expats. Please feel free to reach out to us at office@atblegal.com for a non-obligatory initial consultation.

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