Special Purpose Vehicle (SPV)

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DOCTORS WITH DHA LICENSES CAN NOW APPLY FOR DUBAI GOLDEN VISA

DOCTORS WITH DHA LICENSES CAN NOW APPLY FOR DUBAI GOLDEN VISA

The UAE has extended its 10-year Golden visa framework to encourage expats to make Dubai their home for a longer time period. This will include additional benefits as opposed to holding a standard 2 or 3-year visa. Now Medical Doctors holding a DHA professional...

Abu Dhabi Global Market (ADGM) Special Purpose Vehicle (SPV) Abu Dhabi Global Market is an international financial centre in the capital of the United Arab Emirates. ADGM, financial free zone is an independent jurisdiction located in the stunning Al Maryah…

by | Apr 17, 2021 | 0 comments

Abu Dhabi Global Market (ADGM)

Special Purpose Vehicle (SPV)

Abu Dhabi Global Market is an international financial centre in the capital of the United Arab Emirates.

ADGM, financial free zone is an independent jurisdiction located in the stunning Al Maryah Island.  A Common Law jurisdiction, with rules and regulations aligned with international best practice.

Benefits of establishing a holding entity in ADGM

  • Common law jurisdiction
  • Independent ADGM courts
  • Best-in-class independent regulatory framework
  • ACCESS TO BROAD UAE DOUBLE TAX TREATY NETWORK
  • Variety of legal structures available
  • Fast to set up
  • No office requirement if service provider appointed
  • No attestation required for corporate documents
  • Shelf SPV’s permitted

SPV explained

An SPV (Special Purpose Vehicle) is a corporate vehicle, established for the purpose of isolating financial and legal risk and protecting assets and liabilities.

ADGM SPVs are corporate vehicles, used for a variety of functions, including but not limited to establishing subsidiaries, project or joint venture vehicles.

The key feature of an SPV is its separate legal personality, enabling the isolation of financial and legal risk from the assets and liabilities of the SPV’s shareholders or any of its sister companies.

In ADGM, an SPV is incorporated either as a Private Company Limited by Shares and licensed to conduct SPV activities or a Restricted Scope Company (RSC), which allows for more limited disclosure on the public register

Common uses of an SPV

  • Securitisation
  • Real Estate Investment
  • Financing
  • Asset Transfer
  • Risk Sharing
  • Raising Capital
  • Intellectual Property  

Standard requirements

In order to establish an SPV in ADGM, applicants must be able to demonstrate that the SPV will have an appropriate connection to the ADGM, the UAE and/or to the GCC Region, such as one or more of the following:

  • The SPV is owned or controlled by a UAE or GCC based private company, family/family office or individual.  
  • The SPV holds assets that are located in the UAE or the GCC Region
  • The SPV facilitates transactions connected, or provides real or economic benefit, to the UAE.
  • The SPV’s purpose includes the issuance of Securities that will be admitted to the Official List maintained by the Financial Service Regulatory Authority (FSRA)

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