ADGM

Abu Dhabi is redefining its place on the global stage, not just as a financial powerhouse but as a city where wealth, culture, innovation, and lifestyle converge. As the UK faces a potential millionaire exodus, the UAE’s capital is becoming a magnet for ultra-high-net-worth individuals, family offices and entrepreneurs seeking a secure and dynamic environment.   The city’s UHNW population has soared by 75 per cent since 2013 and is projected to rise further by 2040. Long-term residency, low taxes and business and property ownership incentives make Abu Dhabi an irresistible choice for investors and innovators.   With $1.7 trillion in sovereign wealth fund assets and ADGM’s innovative legal framework, Abu Dhabi is leading the way in asset management, hedge funds, and family office setups.   From the world-class Louvre Abu Dhabi to cutting-edge projects like teamLab Phenomena and the Guggenheim Abu Dhabi, the city blends luxury and culture. Sports enthusiasts are also treated to marquee events like the Abu Dhabi Grand Prix and NBA games.   Luxury developments such as Mamsha Palm and Reem Hills offer unparalleled living experiences, while property investments come with the added perk of Golden Visa eligibility.   For those seeking a city that matches their ambition, read more here https://lnkd.in/gR2TUKRE   #GlobalWealth #AbuDhabi #UHNWs #FamilyOffices

The financial world will gather next month at Abu Dhabi Finance Week, an event showcasing the UAE's growing role as a global financial hub.   ADFW has become a pivotal platform for connecting industry leaders, fostering innovation, and driving conversations around the future of finance. From sustainable investments to cutting-edge fintech, this event will showcase Abu Dhabi’s strategic role in shaping the global financial landscape.   Under the theme ‘Welcome to the Capital of Capital,’ #ADFW2024 will highlight Abu Dhabi’s role as the world’s wealthiest city and its appeal as a premier destination for top-tier human capital, technological capabilities and ground-breaking innovations.   Learn how #AbuDhabi continues to redefine its role as the 'Capital of Capital' https://lnkd.in/eeun4yZV

Beyond the timeless traditions and resilience that have shaped this extraordinary nation, the UAE stands as a symbol of hope and opportunity. Here, people from every corner of the world have found not just a place to live, but a place to belong—a second home. Today we celebrate a country built on inclusivity, innovation and the unshakeable belief that together, we thrive. Happy Eid Al-Etihad!

ADGM is setting a new benchmark in financial excellence, reporting an astonishing 215% increase in assets under management this quarter. With a 33% growth in new business licences compared to Q3 2023, ADGM’s growing ecosystem continues to attract global players and reinforce its position as a leading financial hub in the region. As we look ahead, the ‘Path to Forward’ is brighter than ever, driven by sustainable growth and limitless opportunities. https://lnkd.in/df4nU_c6

ADGM’s recent roadshow across New York and Washington marked a significant milestone in global collaboration. Through insightful panels at Bloomberg and the IIF Annual Meeting, and over 30 targeted meetings, ADGM highlighted the unique strengths of Abu Dhabi’s financial ecosystem. ADGM has once again reinforced its standing as a bridge between MENA and the global financial community. 

53 years of the UAE in the lead, and still counting.   Happy Union Day! 🇦🇪   Abu Dhabi Department of Economic Development | Abu Dhabi Investment Office | Hub71 Abu Dhabi Chamber of Commerce and Industry   #EidAlEtihad53 #UAE53 #ForUAE

At the 2nd Edition of our Treasury forum, hosted together with ADGM and Zanders, senior treasury decision makers joined our BNP Paribas experts to discuss how to unlock potential and navigate the Treasury of tomorrow. In an increasingly dynamic treasury landscape, senior decision makers must navigate a host of evolving and complex needs, from #AI and #innovation, to #ESG objectives and supply chain management. Discussions ranged from the implementation of AI in #treasury and in the Middle East, to #digital transformation and the implementation of supply chain programmes with ESG embedded criteria. Thank you to all participants who attended and shared insights, best practice and perspectives on what’s to come. #BNPP4clients #TreasuryManagement BNP Paribas Cash Management & Trade Solutions Amine Bel Hadj Soulami Francois Regnier Omar Lazrak Fabio Sarao Clément Blondet Christophe Onraed Jan Dirk van Beusekom Dina Kasrawi Waël Emadaldin Bhairav Mehta Mohit Manocha Aravind Menon Chadi Safi Pierre-Alexandre Ehrmann George GROZAVU Laylah Higgins Issam Akel Apoorva Dwivedi  

A fantastic day for our ADGM community! The ADGM Community Padel Tournament brought our team members together for a day full of competition, excitement and fun. Congratulations to our champions for their impressive performance and thank you to everyone who joined us and made the event a success!

On November 14, 2024, the ADGM’s FSRA hosted its annual outreach session on AML, CFT, and TFS. The session was tailored specifically for ADGM’s Relevant Persons (FIs, VASPs, DNFBPs), featured expert insights from the NAMLCFTC, the UAEFIU, and the EOCN. Key topics included AML/CFT obligations, outcome of our analysis of the annual AML Return submission for 2023, the UAE's National Strategy 2024-2027, insights into Trade-Based Money Laundering (TBML), updates on the goAML reporting system, the National Risk Assessment (NRA) and TFS obligations. Additionally, the discussion touched on the risks and transparency of legal entities along with other emerging challenges in financial compliance. We extend our deepest gratitude to the esteemed speakers and all attendees for their invaluable contributions. Their insights and active participation significantly enriched the discussion, fostering enhanced collaboration and strengthening compliance practices within the financial community.

The ADGM Registration Authority (RA) wishes to highlight to the ADGM community that ADGM Registered Auditors are eligible to carry out financial audits of ADGM Licensed Persons under Federal Corporate Tax law.