Companies who wish to set up financial licenses like Asset management companies, wealth management and capital market participants are categorized as regulated companies in ADGM. Companies who wish to set up these licenses are regulated by the Financial Services Regulatory Authority (FSRA) in ADGM. The license fees vary based on the activity. Once we obtain approval from FSRA, we must proceed to register the company with Registration Authority (RA) in ADGM.

For instance, FSRA fees for “Accepting deposits and providing credit” is USD 70,000. Apart from this there will be annual renewal fee to be paid to renew the FSRA approval. The fee to register a financial services company is USD 15,000. Companies must secure an office/ desk space in ADGM in after obtaining FSRA approval. Companies have the option to secure space in Al Maryah Island and Al Reem Island based on their requirement.