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ADGM reduces it's fees for non-regulated and retail businesses

And increases it slightly for financial firms

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July 17, 2024

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The Riffle

Starting Jan 2025, ADGM Registration Authority will charge lesser fees for approvals and licenses of non-financial and retail business, and a slight increase for financial companies.

Under the revised fee schedule, new registrations within the non-financial category of businesses will see fees reduced from USD 10,000 to USD 5,000.

The annual licence renewal fees for the same category will decrease from USD 8,000 to USD 5,000.

Fees for the retail category have also been significantly reduced, with new registration fees cut by two-thirds from USD 6,000 to USD 2,000. Licence renewals for the retail category will also see a 50% reduction, bringing the annual renewal fees down to USD 2,000.

Fee revisions for other categories include changes in the fee structure within the financial category, increasing from USD 15,000 to USD 20,000 and renewals rising from USD 13,000 to USD 15,000 for an annual ADGM licence.

Additionally, there is a minor adjustment for tech and fintech startups, with fees changing from USD 1,000 to USD 1,500 for both new and existing licence renewals. The fees for the Special Purpose Vehicle (SPV) category remain unchanged at USD 1,900.