TaxSavvyAE

ADGM and DIFC beneficial owner rules

Our company is in ADGM. Does the federal UBO resolution apply?

The situation

No. Entities in financial free zones such as ADGM and DIFC are outside Cabinet Resolution 109 of 2023 and follow their own beneficial ownership rules.

The law

  • Cabinet Resolution 109 of 2023: Financial free zones excluded

What it means for you

ADGM has its own registrar and rules, which still require beneficial ownership data. Example: an ADGM holding company files beneficial ownership information with the ADGM registrar, not with a mainland authority.

What to do

  1. Confirm your entity is in a financial free zone.
  2. Read the ADGM or DIFC rules.
  3. File with that registrar.
  4. Keep data current.

We can do this for youBeneficial owner (UBO) register: identifying owners, filing with the registrar and updating changes: AED 750

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