Regulatory Alerts2022-11-23
Commercial Licensing Regulations (Conditions of Licence and Branch Registration) Rules 2022-2023
The Board of Directors of the Abu Dhabi Global Market issued these Rules to establish the application procedures, licensing conditions, and branch registration requirements for commercial licensees. The document mandates specific information and documentation for applicants, including non-ADGM bodies corporate, and outlines general and sector-specific conditions for legal, accountancy, audit, and healthcare services. It further defines the Registrar's powers to grant, vary, or strike off licenses and branches, while ensuring compliance with UAE economic substance and local regulatory obligations.
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