Abu Dhabi Tax Free Zone's SPV Regime Proves Popular
by Lorys Charalambous, Lowtax.net, Cyprus
31 January, 2017
Abu Dhabi Global Market (ADGM), the international financial center established in 2013, has announced the registration of more than 50 Special Purpose Vehicles (SPVs) under its new SPV regime.
ADGM said its new SPV regime, launched officially on January 24, 2017, and benchmarked against leading international jurisdictions in terms of its features, cost and ease of set-up, has attracted strong interest from local and international business communities.
ADGM says that, since the SPV platform went "live," it has seen high demand and strong interest from entities operating in the asset management, family wealth, aviation, shipping, and technology/intellectual property development sectors.
The SPV regime is underpinned by ADGM's international legal and regulatory platform, independent courts, and a favorable tax environment benefitting from the United Arab Emirate's extensive network of double-taxation treaties.
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