Financial Licensing · UAE

ADGM Financial Services Permission

The Abu Dhabi Global Market (ADGM) Financial Services Permission (FSP) authorises regulated financial activity within one of the world's most credible international financial centres, supervised by the FSRA.

ADGMFSPFSRAAbu DhabiFinancial Regulation
Overview

Why an ADGM FSP?

ADGM is a common-law jurisdiction on Al Maryah Island, Abu Dhabi. Its regulator, the Financial Services Regulatory Authority (FSRA), issues FSPs authorising regulated activities from managing investments and operating funds to providing credit and custody services — within a framework aligned with IOSCO, FATF and Basel standards.

Marensa Advisory guides applicants through the full FSP lifecycle: scoping the correct Category and Regulated Activities, drafting the Minimum Regulatory Capital plan, compliance framework and AML/CFT programme, and managing FSRA liaison through to authorisation.

Discuss Your ADGM Application
What We Cover
  • FSP Category scoping (Categories 1–5) and activity mapping
  • Regulatory Business Plan (RBP) and financial projections
  • Minimum Regulatory Capital (MRC) structuring
  • Compliance Manual, Risk Management Framework and AML/CFT programme
  • FSRA application preparation, submission and liaison
  • Approved Persons applications — SEO, CO, MLRO, Finance Officer
  • Post-authorisation compliance monitoring and regulatory reporting
  • Variation of Permission and notifications management
Key Considerations

ADGM FSP — Key Considerations

Understanding FSRA expectations before you apply significantly reduces RFI cycles and improves approval timelines.

Category Selection
ADGM categorises firms by risk profile and activity type. Category 1 covers the broadest scope (managing investments, operating a fund, dealing as principal); Category 3 covers arranging and advising. Choosing the wrong category creates re-application risk.
Minimum Regulatory Capital
MRC ranges from USD 10,000 (Category 4) to USD 2 million (Category 1 with fund management). Capital must be in place prior to authorisation and maintained on an ongoing basis.
Approved Persons Regime
SEO, Finance Officer, Compliance Officer and MLRO must each be individually approved by the FSRA. Fit and proper assessments are thorough — candidates require strong regulatory track records.
Substance Requirements
ADGM requires genuine operational presence. The SEO must be UAE-resident and the principal place of business within ADGM. Remote-only operations are not accepted by the FSRA.
AML/CFT Framework
Applicants must submit a complete AML/CFT programme including risk appetite, CDD procedures, enhanced due diligence triggers, and STR workflow — aligned with FATF and CBUAE standards.
Ongoing Obligations
FSP holders submit quarterly regulatory returns, maintain books and records within ADGM, and notify the FSRA of material changes within prescribed timeframes.
Our Process

How We Work

01
Feasibility & Scoping
We assess your business model against ADGM's Regulated Activities list, confirm the correct FSP Category, and map revenue streams to permissible activities.
02
Pre-Application Preparation
We draft the RBP, financial projections, compliance framework, AML/CFT programme, and all governance documents required by the FSRA.
03
Approved Persons Strategy
We identify and prepare Approved Person candidates, draft individual AP submissions, and manage FSRA correspondence during the approval process.
04
Application Submission
We compile and submit the full FSP application, manage all FSRA requests for information, and attend regulatory meetings on your behalf.
05
Post-Authorisation Setup
We assist with regulatory reporting setup, compliance calendar, bank account opening within ADGM, and staff compliance training.
Why Marensa

UAE Regulatory Expertise at Your Side

Most applicants underestimate the depth of documentation required and the FSRA's focus on substance and qualified personnel. A poorly prepared application can add 6+ months to the process.

Marensa Advisory has supported clients through ADGM authorisation across fund management, payment services, and investment advisory — combining regulatory knowledge with compliance programme design.

Start the Conversation
ADGM
Common Law IFC
FSRA
Regulator
Cat 1–4
FSP Categories
UAE
Primary Market
FAQ

Common Questions

How long does an ADGM FSP application take? +

A well-prepared application typically takes 3–6 months from submission. Incomplete applications or multiple RFI cycles can extend this to 9–12 months. Preparation quality is the single largest variable.

Can a foreign company hold an ADGM FSP? +

The licensed entity must be ADGM-incorporated. A foreign parent can own the ADGM entity, but the ADGM company itself must have substance, a resident SEO, and genuine operations in ADGM.

What is the difference between ADGM and DIFC? +

Both are common-law IFCs. ADGM (Abu Dhabi) is regulated by the FSRA; DIFC (Dubai) is regulated by the DFSA. ADGM tends to attract family offices and asset managers; DIFC has a larger banking and professional services ecosystem.

Does ADGM have a virtual asset regime? +

Yes. The FSRA operates a dedicated Digital Asset framework for VASPs. Virtual asset licensing is a separate regime with its own capital, governance and AML requirements.

Related Services

You May Also Need

DIFC Financial Services Licence
Dubai-based IFC alternative regulated by the DFSA.
Learn more →
UAE VASP Licence (VARA)
Virtual asset licensing in Dubai under VARA.
Learn more →
Financial Licensing Overview
All financial licensing services across jurisdictions.
Learn more →
Ask Maya