guidance

Beneficial Ownership and Control Guidance 2021

Issuing bodyADGM
CountryUAE
Date issued2021
Beneficial OwnershipRegistrationADGM Regulations

This guidance document, issued by the Abu Dhabi Global Market (ADGM), assists clients in identifying and registering beneficial owners of ADGM entities. It outlines the Registration Authority's role and functions, including the registration of ADGM establishments and maintenance of registers. The document provides tests to determine beneficial ownership.

Key requirements
  • Identify beneficial owners of ADGM entities.
  • Register beneficial owners with the Registration Authority.
  • Apply the Ownership Test to determine direct and indirect ownership.
  • Apply the Control Test to determine control over the entity.
  • Apply the Officer Test to determine beneficial ownership.
Applies to: Entities registered within the Abu Dhabi Global Market (ADGM)
View original document ↗Ask GCC LexAI about this →
More from ADGM
ADGM Courts Form Fees Reference Table - Effective 8 February 2025ADGM Courts Guidelines for self-represented litigants %28Arabic%29ADGM Courts Guidelines for self-represented litigants %28English%29ADGM Data Protection Regulations (Substantial Public Interest) Rules 2025ADGM Office of Data Protection — Circular No. 1 of 2025ADGM RA Service of Alcohol Guidance
AI-generated summaries only. Arabic originals are legally binding. This is not legal advice. · ← All documents