ADGM has announced an updated fee schedule for obtaining and renewing an ADGM commercial licence. Effective from January 1, 2025, fee reductions of 50% or more apply to non-financial and retail businesses within the ADGM jurisdiction.
Under the updated fees schedule:
- Non-Financial Category
- Initial registration fees are reduced from USD 10,000 to USD 5,500.
- Annual licence renewal fees are reduced from USD 8,000 to USD 5,000.
- Retail Category
- Initial registration fees are reduced from USD 6,000 to USD 2,500.
- Annual licence renewal fees are reduced from USD 4,000 to USD 2,000.
These fee revisions align with the conclusion of the Al Reem Island transition period, which ended on December 31, 2024, and apply across ADGM’s jurisdiction, encompassing Al Maryah and Al Reem Islands.
The updated fee structure follows extensive consultations conducted in 2023 with ADGM’s business community, focusing on jurisdictional expansion and enhancing the ease of doing business. Based on this feedback, the Registration Authority (RA) undertook a comprehensive review to ensure the new structure meets the needs of ADGM’s evolving commercial landscape while supporting a seamless transition for its expanding business segments.
With the conclusion of the Al Reem Island transitional period on December 31, 2024, fee exemptions previously available to qualifying non-financial and retail businesses have now been discontinued. The updated fee schedule also includes adjustments for other categories:
- Financial Category: Initial registration fees increased from USD 15,000 to USD 16,700, with annual renewals rising from USD 13,000 to USD 16,200.
- Tech Startups: Fees adjusted from USD 1,000 to USD 1,500 for both new registrations and renewals.
Additionally, a USD 300 data protection fee will continue to be applied across all categories at the time of new registration and annual renewal in the new fee schedule.
Featured image credit: edited from ADGM
