As the world moves towards digitization and the use of cryptocurrencies, the demand for a reliable financial centre has become more pronounced. This is where Abu Dhabi Global Market (ADGM) comes in. ADGM is the international financial centre of the United Arab Emirates’ capital city, established to facilitate global trade and investment by providing a strategic link between the growing economies of the Middle East, Africa, and South Asia and the rest of the world. As a startup showcase, we dive deeper into the operations and offerings of ADGM to show you why they are the go-to financial hub for global businesses.
A Thriving Fintech Hub
ADGM has been recognized as the largest fintech hub in the MENA region, with a unique ecosystem that supports both traditional financial institutions and fintech startups. The financial centre has attracted over 250 fintech firms, including global giants such as Ripple and the Hong Kong-based cryptocurrency exchange, BitMEX.
The ADGM fintech ecosystem provides a conducive environment for innovation and growth, with a range of resources such as incubation programmes, mentorship, and regulatory support. Through these initiatives, ADGM has established itself as a significant player in the global fintech industry.
A Progressive and Inclusive Regulatory Framework
ADGM operates within an international regulatory framework based on direct application of the English Common Law, making it one of the world’s most advanced and progressively governed financial hubs. The regulatory environment at ADGM is designed to support innovation while ensuring that businesses operate within the confines of the law.
The financial centre has a robust regulatory framework that encompasses financial services, asset management, fintech, and other key sectors. The framework is designed to support businesses at different stages of growth, from startups to large corporations, by providing a regulatory sandbox, licensing, and other support services.
A Strategic Location for Global Trade and Investment
As a designated financial free zone of Abu Dhabi, ADGM provides a range of benefits for businesses seeking to expand their operations globally. The financial centre is strategically located at the heart of the Middle East, providing a gateway to the growing economies of Africa and South Asia. This makes it an ideal location for businesses seeking to establish a foothold in the region.
ADGM provides a range of business-friendly policies such as 100% foreign ownership, tax exemptions, and streamlined regulatory processes. These policies have attracted businesses from different industries, including finance, technology, and healthcare.
In conclusion, Abu Dhabi Global Market (ADGM) is a world-class financial centre that provides a unique ecosystem for businesses seeking to expand their operations globally. With a thriving fintech hub, progressive and inclusive regulatory framework, and strategic location, ADGM is well-positioned to become a key player in the global financial landscape.
As the world continues to embrace digital currencies and other disruptive technologies, ADGM is poised to become a leading hub for innovation and growth. If you’re looking for a reliable and business-friendly financial centre, look no further than ADGM.