CBD Formations, a subsidiary of CBD Corporate Services, has been awarded a Company Services Provider (CSP) licence in Abu Dhabi Global Market (ADGM), the leading international financial centre established in 2015 by the government of Abu Dhabi.
CBD will assist investors with expansion into the region through offering a multitude of structuring options such as Special Purpose Vehicles (commonly referred to as ‘holding companies’), Foundations, Operating Companies and Funds.
Commenting on the appointment, CBD Formations Partner Carl Dowling says:
“This strategic move comes after witnessing an increased demand from clients for a more regulated investment vehicle and will further enhance CBD’s capacity to drive expansion of their business in the region.”
The announcement follows soon after the news of CBD’s regional expansion into Saudi Arabia, Qatar & Oman, marking yet another milestone in the company’s growth trajectory.
Helen Barrett, Partner at CBD Formations adds:
“We have identified the vast opportunities in UAE as part of the masterplan for the 2030 vision. We want to help bolster compliance in established regulatory frameworks for companies and also offer cross-border and multi-jurisdictional support to other markets such as Oman, KSA and Qatar.”
CBD Formations CSP services in ADGM includes the following:
- Acting as a corporate services provider for new company set-up
- Providing company services to existing entities
- Acting as a registered office provider
- Providing directors, authorized signatories, company secretaries, registered agents, or other offices to an entity incorporated or registered in the ADGM
- Providing nominee shareholder service to companies
- Assisting with ADGM filings such as annual filings, renewals, etc.
The post-pandemic has accelerated demand for company set up in the region with businesses looking to the UAE and specifically the ADGM licence to help secure company formation in the UAE and allowing new avenues for business expansion on the path to greater market share. Find out about our PRO services in Dubai and Dubai visa service.