Establishing an FSP under FSRA in ADGM in 2022
Abu Dhabi, the capital of the United Arab Emirates (UAE), is being transformed into a fast-growing modern city and a thriving international financial, payment, and investment services centre for the past two decades. This has been noticed by existing financial groups as well as start-up entrepreneurs pursuing a license for the provision of regulated services in and out of the UAE.
Providing these regulated services in the sectors of payment and investment services with a license issued in Abu Dhabi requires establishing a presence in the Abu Dhabi Global Market (ADGM) and submitting the relevant application to the Financial Services Regulatory Authority (FSRA) for a Financial Services Permission (FSP). The ADGM is the financial-free zone of Abu Dhabi and an international financial centre increasingly recognised globally for its open and business-friendly ecosystem. The FSRA is one of ADGM’s three independent authorities, tasked to support and supervise all financial activities. Together ADGM and FSRA operate in line with international best practices, promoting Abu Dhabi’s economic and financial growth.
In this commentary, the SALVUS Investment Firms Licensing team outlines the requirements for submitting an application to the FSRA in ADGM and provides information on obtaining a Category 2, Category 3A or Category 4 license in Abu Dhabi, as follows:
- Why operate a business in and out of Abu Dhabi?
- Applying for a Financial Services Firm to the FSRA
- FSRA Category 2, Category 3A, and Category 4 licenses
- How can SALVUS support you?
Find the rest of the article here: https://salvusfunds.com/2022/06/30/establishing-an-fsp-under-fsra-in-adgm-in-2022/
