ADGM SPV Registered Agent services - 10 Leaves

1. ​ADGM SPV Registered Agent Services What is an ADGM SPV? ADGM Special Purpose Vehicles can be established to isolate financial and legal risk by ring-fencing assets and liabilities. The SPVs can act as holding companies, or for the securitization of assets and liabilities on a per-transaction basis. Clients also SPVs to hold Intellectual Property such as trademarks, patents, and copyrights. What are the features of an ADGM SPV? An SPV in the ADGM is a versatile vehicle, offering many features that had earlier not been seen in GCC companies. Here are some of them​. 1. Multiple classes of shares – each share class can have its own features, voting rights, share value, redemption options, and dividend options. 2. Customizable Memorandum – While the ADGM offers a template memorandum, the actual use of the vehicle calls for a fully customizable Memorandum. 3. No attestations of corporate documents – Unlike many free zones, the ADGM does not require attestations of company documents in case of corporate shareholders. This saves clients a lot of time and money. 4. No restrictions on nationality and ownership 5. No minimum share capital What is the role of a ​registered agent in an ADGM SPV​? While the colloquial term of a registered agent is often used in the case of ADGM SPVs, the actual term would be Corporate Service Provider. The ADGM is a well-regarded jurisdiction due to the checks and balances that it has in place for companies that wish to set up in the center. Services of a corporate service provider include the following: 1. Provision of registered address – in lieu of full-fledged office space. This helps reduce costs substantially. This service is provided on an ongoing basis. 2. Provision of incorporation services – a one-time service, that involves a complete review of the ADGM SPV application, submission, and followup until receipt of the license. 3. Assistance in bank account opening – most SPVs in the ADGM require a bank account. 4. Accounting and bookkeeping – while ADGM SPVs are passive holding entities, they still need to maintain accounts as per the ADGM Companies Regulations. 5. Corporate secretarial services – an essential component of managing an SPV in the ADGM. Company secretary services cover the mandatory annual general meeting

2. (AGM) and submission of annual returns. Other services include ongoing maintenance of the shareholding and directorship registers, drafting of resolutions and powers of attorney, etc. How much does all this cost: The cost of acting as a registered agent for ADGM SPVs depends on the services taken. Usually, corporate service providers bundle such services in a way that it becomes more economical to take the whole package, rather than opt for ad-hoc services. In other cases, clients take up only certain services depending on their requirements. Are you looking for​ registered agent services for ADGM SPVs​? ​Contact us today​!