This ADGM guidance document outlines the eligibility criteria and requirements for a body corporate incorporated outside of ADGM to continue its registration within ADGM as a private company limited by shares. It includes a checklist to determine eligibility based on factors like solvency, winding-up status, and creditor arrangements.
Key requirements
- Confirm that members of the body corporate applying for continuance in ADGM do not have unlimited liability in their home jurisdiction, unless applying as an unlimited company.
- Verify that the body corporate applying for continuance within ADGM is not being wound up or in liquidation.
- Ensure the body corporate applying for continuance within ADGM is not insolvent.
- Obtain approval to use a sensitive company name from the relevant authority, if applicable.
- Provide evidence showing the right to use the proposed trade name (e.g., trademark registration, franchise agreement).
Applies to: Body corporates incorporated outside the Abu Dhabi Global Market (ADGM) seeking to continue registration within ADGM as a private company limited by shares