Abu Dhabi Global Market (ADGM): The new international financial hub for investorskwsmedeveloper
A financial hub in a strategic location like UAE, with first class quality infrastructure and other operating systems, can be expected to provide world-class services. The location of the new Abu Dhabi Global Market is a great one. It has a good population, its developed and has political stability. This is the type of location that asked for development into a hub for different institutions that provide financial services.
Dubai, for example, is one of the best financial hubs in the world. It is surrounded by Asia, Europe, Africa and the Middle East, making it a transit point for these countries. This was a major reason that helped capture the attention of local and foreign investors, creating it into a financial hub, and a business hub at a broader level.
The prime location of the United Arab Emirates, the level of economic activity and the developed infrastructure and industries are the most common factors that contribute to Dubai developing into a financial hub.
Similarly, Abu Dhabi, as the capital of UAE, has also attracted foreign attention. In order to create economic activity in Abu Dhabi, other than what was generated from oil and gas reserves, financial markets have been slowly developing over the past couple of years. For example, Abu Dhabi Global Market (ADGM) is a broad-based international financial center that has been established to accommodate local and international institutions.
Abu Dhabi Global Market (ADGM)
The Abu Dhabi Global Market is an establishment that consists of 3 authorities that function independently, namely, the Registration Authority, the Financial Services Regulatory Authority, and Abu Dhabi Global Market Courts.
The three institutions have been established in order to maintain regulatory and legal grip on the market and direct it according to the idea of the authorities in the UAE. But one thing is for sure, the global market will really be helpful for both, the industries and the UAE. The establishments will also make sure that international standards are maintained within the global market.
Any country that wants to become a center for business and investment must make sure that it encourage innovation and introduces laws to turn new ideas into products and services. Also, fair market competition, as applauded all around the world, will also be maintained in the UAE through the global market so that all stakeholders of the businesses can benefit.
The global market will ensure that there is competition in the market and will encourage innovation in the UAE.
Setting up a new business in Dubai especially in a new international financial hub can prove to be difficult. Numerous documentations, time consuming and costly procedures can be very discouraging for entrepreneurs planning on setting up their own business in Dubai.
Therefore, Business Setup Dubai with its professional business consultants in Dubai, was formed to help the entrepreneurs to set up UAE based businesses. The firm’s business consultants in Dubai provide consultation to help their client understand and recognize the procedures and precautions that need to be taken when setting up new businesses. Business Setup Dubai provides a simple guide and a helping hand for the new company formation in Dubai starting with the consultation.
By help in company formation in Dubai, we mean that clients are provided insights so they can choose the company type they want. We provide support services like opening the bank account and visa processing so that you have to go through the minimal of hassles to get your business up in running in the UAE.
We can provide you more information on Abu Dhabi Global Market to you. Call us or shoot us an email and we will get back to you.