The Full Story
For local, regional, and international organizations, Abu Dhabi Global Market (ADGM) serves as a global financial hub. Abu Dhabi Global Market creates and provides member institutions with the regulatory framework, legal jurisdiction, and appealing business climate they require for long-term business growth in partnership with other international financial centers, global institutions, and regulators. The ADGM serves as a catalyst for the expansion of the thriving financial services industry in the UAE and is a fundamental tenet of Abu Dhabi's Economic Vision.
As part of the government's efforts to draw in foreign investment, make doing business easier, and further open the country's economy, His Highness Sheikh Khalifa bin Zayed Al Nahyan, the president of the UAE, issued a decree in November 2020 updating the foreign ownership rules for commercial companies.