ADGM has recently introduced the Company Service Provider framework aiming to regulate existing corporate service providers, such as KPI and address unique challenges pertaining to ADGM SPV and Foundations administration especially those that do not have a significant nexus in the UAE.
Special Purpose Vehicles (SPVs) and Foundations registered in ADGM have to appoint licensed Company Service Provider (CSP). The Company Service Provider will now be a point of contact between ADGM Registration Authority and the respective SPV.
|Company status||CSP appointment requirement|
|Incorporated prior to 12 April 2021||Incorporated prior to 12 April 2021|
|Incorporated between 13 April and 12 July 2021||Must appoint a CSP at its next Commercial License renewal date OR by 12 July 2022, whichever is earlier|
|Incorporated on or after 13 July 2021||Must appoint a CSP at the time of incorporation application|
Right from formation of a company to setting up special vehicles - KPI’s trusted ADGM experts can assist you with all the requirements.
Having helped establish above 25 Authorized firms in DIFC and ADGM, our experts have the right experience too guide you through each step of the process.
Backed by well qualified, experienced professionals – CFA Charter holders, experienced risk and compliance, and banking professionals
Speak to our experts who can guide you in the right direction and help you to stay ahead