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Find out moreThis comprehensive guide is designed to help you navigate the intricate landscape of family business and private wealth in the Middle East, where family businesses constitute approximately 60% of GDP and employ 80% of the workforce in the GCC, offering unparalleled opportunities for wealth creation and preservation.
Packed with insights, strategies, and expert advice from our talented lawyers, Legacy provides tailored solutions to the unique challenges of asset protection, succession planning, and dispute resolution in this dynamic region.Read the publication and equip yourself with the knowledge and tools necessary to thrive, whether you’re a seasoned investor, a family business owner, part of the next generation, or a newcomer exploring opportunities in the region.
Read NowWe would like to remind you regarding the following items at Abu Dhabi Global Market (“ADGM”):
What does this mean for my business?
It means you need to make sure at least one of your authorised signatories is a UAE resident.
What does this mean for my business?
It means you need to maintain a UBO register for your ADGM entity, file it with the ADGM Registration authority, and update your current UBO disclosure as needed.
What does this mean for my business?
It means you should verify if your ADGM business is required to register under the UAE VAT Law and if so, carry out the registration.
What does this mean for my business?
It means each year you need to (1) complete the Annual Filings and (2) make the Ad Hoc Filings if the relevant triggering circumstances occurred.
Our team of experts would be delighted to help you regarding your ADGM UBO compliance, VAT registration obligations and filings requirements.
Hassan Al Jarrah
Head of Corporate Structuring – Abu Dhabi
h.aljarrah@tamimi.com
Nasouh Raslan
Associate, Corporate Structuring
n.raslan@tamimi.com
Xavier Solanes
Associate, Tax
x.solanes@tamimi.com
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