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CBD Formations, a subsidiary of CBD Corporate Services, was awarded the Corporate Services Provider (CSP) Abu Dhabi Global Market License (ADGM), a leading international financial center established by the Abu Dhabi government in 2015.
CBDs will help investors expand into the region by offering a variety of structural options, such as special purpose vehicles (often referred to as “holding companies”), foundations, operating companies and funds.
Commenting on the appointment, CBD Formations partner Carl Dowling said:
“This strategic move comes after witnessing increased customer demand For more regulated investmentsvehicle and Will further enhance CBD’s ability to drive its business expansion in the region. “
The announcement comes shortly after news of CBD’s expansion into the Saudi Arabia, Qatar and Oman regions, marking another milestone in the company’s growth trajectory.
Helen Barrett, partner at CBD Formations, added:
“We has identified huge opportunities United Arab Emirates As part of the Vision 2030 master plan.we think Help enhance compliance with established regulatory frameworks Cross-border and multi-jurisdictional support for companies in other markets such as Oman, Saudi Arabia and Qatar.“
CBD Formations CSP services in ADGM include the following:
- Enterprise service provider established as a new company
- Provide corporate services to existing entities
- as a registered office provider
- Provide a director, authorised signatory, company secretary, registered agent or other office to an entity incorporated or registered with ADGM
- Provide nomination services for companies
- Assist with ADGM filings such as annual filings, renewals, etc.
The post-pandemic has accelerated the need to set up companies in the region, with businesses looking to the UAE, particularly ADGM licenses, to help secure company formation in the UAE and open up new avenues for business expansion on the way to gaining greater market share.
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CBD Formations is a subsidiary of CBD Corporate Services. CBD is an award-winning corporate services company in the heart of the Middle East. Headquartered in Dubai, with regional offices in Saudi Arabia, Qatar and Oman, we provide comprehensive company set-up services and advice to businesses at the heart of global trade and commerce. Leveraging our regional knowledge and industry expertise, CBD helps clients build and develop their corporate structures, mobilize business potential and achieve sustained growth in today’s complex and volatile business environment. From emerging to developed markets, we leverage the power of our integrated business to support clients with a range of seamless and efficient services and business-savvy, exceptional company formation advice. We are also committed to making a positive contribution to the communities in which we operate, and we support and represent wider business community initiatives involving government, chambers of commerce, media and business councils.
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