Initial Information Once pre-approval has been received, login to your Clara profile and start by adding some basic details on the company being formed, as well as its shareholders and directors.
Upload your business plan approved by ADGM An application to incorporate an ADGM Tech Startup License requires a detailed business plan. If you don’t have one, you can use Clara’s business plan template.
Specify the company name Does your proposed company name have a special meaning? If it is not a commonly known English word, a shortened word, an abbreviation, or an acronym, please specify its meaning. Providing an Arabic translation is optional. If the company is affiliated with another company of the same name, you will need to provide their commercial license.
Nominate an 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 and a copy of the signed lease for your Tech Startup is received by Clara, we 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.
Track your progress After you have signed the incorporation documents, Clara will file the incorporation pack, and your new company will be formed within 5–7 business days. You can track the progress on the Clara dashboard every step of the way.
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
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