Purpose of SPV Provide details of the purpose of the SPV being formed, such as holding shares in an existing company or in a company to be formed. The purpose must be able to be fulfilled within 6 months of incorporation.
Company Shareholding We need more details on whether the company will hold shares in any existing incorporated companies or in any companies that are yet to be formed.
Nominate ADGM authorized signatory It is mandatory to appoint at least one person as the ADGM authorised signatory who is a GCC National or a UAE resident. Clara can provide nominee services for an additional fee.
Financial records You will need to provide the location of the financial records that are to be maintained by the SPV. This can be anywhere in the world but will not be at Clara’s registered office address.
Nominate a data protection contact Appoint one of the stakeholders in your SPV as your data protection contact. There are no qualifications required and no residency restrictions.
Articles of Association Adopt the ADGM model Articles of Association or provide your own amended Articles of Association. Amended Articles should be prepared in consultation with your legal advisors and a declaration will be signed as part of the incorporation application that the Articles comply with ADGM regulations.
Share capital Choose your desired number of authorized shares or follow Clara’s recommended method. Allocate the number and class of shares being issued to the shareholders at incorporation and whether these will be paid or unpaid.
Submit and review After completing all the formations task, submit your incorporation application to Clara. This will be reviewed by the Clara team and must be approved by our compliance team.
Pay and sign Clara issues your invoice. After payment is received, Clara will create the incorporation pack which is sent to all stakeholders for e-signature.
Incorporation After the incorporation documents are signed, Clara will file the incorporation application with ADGM. The ADGM review time is typically 7–10 business days. You can track the progress on the Clara dashboard every step of the way.
ADGM SPV – Your essential guide Setting up a company in ADGM, and specifically a Special Purpose Vehicle (SPV), is attractive for founders and investors. Founders benefit from the speed and simplicity that ADGM’s fully digitised incorporation process achieves, while investors are attracted by the investment flexibility and legal protections that ADGM’s strong regulatory environment provides. Clara Sep 19 · 8-minute read
Key differences between ADGM and DIFC The ADGM and the DIFC are financial free zones in the UAE with independent jurisdictions exempted from the UAE’s civil and commercial laws. For founders looking for a place to register a new business, both are great jurisdictions to choose from. Education May 16 · 5-minute read