Al Reem Island Expansion by ADGM | MS

Explore the expansion to Al Reem Island by ADGM with MS, offering pro bono license conversion, free transition advisory for small retail businesses, and streamlined company formations under ADGM jurisdiction.

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Refiguring Reem Retail

Are you ready to step up your small business game? MS is here to make it happen! Calling all retailers in Al Reem Island - get ready for a game-changing offer that's set to transform your business journey on Al Reem Island. As a part of our social initiative, MS proudly joins the ADGM's expansion efforts by reaching out to small retail businesses in this holy month of Ramadan and beyond. To ensure a confident and timely transition, we provide an exclusive opportunity to 50 eligible businesses with

Pro bono license
conversion

Free transition advisory
services

For new business applications

New businesses planning to establish their presence on Al Reem Island are required to apply for a commercial licence from ADGM Free Zone rather than the Abu Dhabi Department of Economic Development (ADDED).

For existing business applications

Existing businesses in Al Reem Island can continue operations without ADGM requirements until December 31, 2024. Non-financial and retail businesses can benefit from a fee waiver by completing their transition before October 31, 2024

Fastest growing financial district

Here's How You Can Be a Part

We want to reach out to small businesses, understand the hurdles they face during the transition, evaluate their eligibility with the help of a dedicated review committee, and provide tailored support within our top-notch service framework, which will not be an added burden to your wallet.To join this initiative, your business needs to be:

Don't miss out!
Convert your license for free before it's too late.

Retail-Focused Business.

Must be located on Al Reem Island.

Annual turnover below AED 2,000,000 (Assessed via VAT returns/Financial Statements).

Independent business, not affiliated with any chain or group.

Two Islands, One Financial District

In ADGM's expanded realms on Al Reem and Al Maryah Islands, professionals experience a harmonious work-life balance. Professionals enjoy thriving careers in dynamic business hubs amid vibrant communities and diverse recreation, enhancing overall well-being.

Work

Thrive professionally in ADGM's expanded landscape, offering diverse opportunities and a dynamic business environment on Al Reem and Al Maryah Islands.

Learn

ADGM's growth provides an enriching environment for continuous learning and innovation, enhancing skills and knowledge in a dynamic ecosystem.

Live

Embrace a vibrant lifestyle in ADGM's expanded districts on Al Reem and Al Maryah Islands, surrounded by lively communities and diverse recreation.

Watch Them Say, Why MS!

Testimonials | Episode 1 | Rebound Exchange

Testimonial | ADGM | Abu Dhabi | Episode 2

Testimonial | ADGM | Abu Dhabi | Episode 3

Watch Them Say,
Why MS!

Testimonials | Episode 1 | Rebound Exchange

Why MS
as your partner for Migrations and Company Formations in Al Reem Island?

Simplify your business journey with MS, your single-source solution for Migrations and Company Formations in Al Reem Island. With our mainland experience and expertise, we ease your journey, ensuring a seamless and successful company setup.

Trust MS to make your expansion hassle-free.

Frequently Asked Questions (FAQ)

What does the expansion of ADGM’s jurisdiction mean?

The expansion of ADGM's jurisdiction to Al Reem Island, starting from April 24, 2023, means that the legal and regulatory rules of ADGM now apply to businesses on Al Reem Island. There is a transition period until December 31, 2024, for businesses to meet ADGM's requirements.

How does the expansion impact your commercial license?

Although the change took effect in April 2023, businesses on Al Reem Island can continue operating as usual until December 31, 2024. However, to continue business activities after that date, obtaining an ADGM license is necessary.

What is the cost of obtaining an ADGM commercial license and its renewal?

The registration fee for an ADGM commercial license varies based on the type. Detailed information on setting up a business in ADGM is available at Starting a Business in Abu Dhabi.

How would being part of ADGM jurisdiction affect tax payments and VAT processing for federal authorities?

ADGM can offer general guidance on tax legislation, but for specific advice on your circumstances, consulting a tax professional is recommended. UAE tax legislation is administered by the UAE Federal Tax Authority.

Which businesses on Al Reem Island will fall under ADGM jurisdiction?

All businesses on Al Reem Island are now governed by ADGM's rules and regulations.

Are Al Reem Island office spaces eligible for the ADGM license now?

Yes, Al Reem Island addresses approved for commercial use can be included in a new license application submitted to ADGM. Existing businesses at Al Reem addresses with ADDED licenses may convert to ADGM licenses by December 31, 2024.

Are there specific conditions impacting certain activities under ADGM jurisdiction?

Certain business activities are subject to specific conditions outlined in the ADGM Commercial Licensing Regulations. These regulations can be found at ADGM Commercial Licensing Regulations (Controlled Activities) Rules 2022 and Commercial Licensing Regulations (Conditions of License and Branch Registration) Rules 2023.

What benefits does ADGM's expansion to Al Reem Island offer to businesses and investors?

ADGM's expansion brings benefits like applying recognized English Common Law, a pro-business regulatory environment, seamless services, digital registration, access to a diverse business ecosystem, and participation in major events. Businesses also gain access to capital, markets, and quality infrastructure, making ADGM an attractive hub for various enterprises.

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Level 14, Al Khatem Tower,
Abu Dhabi Global Market (ADGM),
Al Maryah Island
Abu Dhabi, UAE
Level 5, Al Neyadi Tower,
Sheikh Rashid Bin Saeed Road
Abu Dhabi, UAE
+971 23093344
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