Regulatory Alerts2021-04-08
Guidance on Exemptions from the Requirement to Appoint a Company Service Provider
The ADGM Registration Authority issued this guidance to elaborate on exemptions from the requirement to appoint a Company Service Provider under the Companies Regulations 2020 and Foundations Regulations 2017. The document details specific categories of exempt entities, including subsidiaries of regulated bodies, authorized financial persons, and companies demonstrating adequate presence or substantial resources in the UAE. It further specifies the documentation and governance policies required to prove such presence or resources, while reserving the Registrar's discretion to request additional information for assessment.
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