Registration Authority. Schedule of Fees

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Transcription:

Registration Authority Schedule of Fees

Contents Introduction... 3 Available Payment Methods:... 3 Registration Fees... 5 1. Initial Registration... 5 2. Renewals and Extensions... 9 3. Reporting... 10 4. Event Driven Filings... 10 5. Withdrawals, Terminations & Strike offs... 11 6. Support Services... 12 7. Real Property... 12 ADGM - Registration Authority Schedule of Fees Page 2 of 14

Introduction: This document outlines the schedule of fees that are currently applicable for the services offered by the Registration Authority of ADGM. Fees for Registration and Incorporation are in US dollars. Government Services are charged in UAE Dirham. Available Payment Methods: Online Payments Online credit card payment is only available to those applicants who have submitted applications through the Online Registry Solution. To access the solution please visit registration.adgm.com. Credit Card An applicant can visit our offices and pay using their credit card. Currently only Visa and Mastercard are accepted. Bank Transfer We recommend that payments are made to the Registration Authority using our secure credit card facility within the Online Registry Solution. You will be prompted to make a payment once you have completed the required fields in an application. However, should an organisation wish to use the Bank Transfer facility to make payments for services, please adhere to the following guidelines to avoid any delay in processing your application. 1. Please inform a member of the Registration Authority of your intention to make payment via bank transfer for the specified service. 2. When completing the transfer, where possible please include within the reference for payment field: o Company name (of applicant) o Service that is being applied for o Once the transaction has been completed, please inform a member of the Registration Authority that this transfer has been successful, and if possible provide a copy of the receipt of transfer. The Registration Authority will not commence processing of any application until such time that payment has been successful and received within the account. By following the above steps, any potential delays in tracing payments may be avoided. ADGM - Registration Authority Schedule of Fees Page 3 of 14

USD Account Bank Name: National Bank of Abu Dhabi Account Name: ADGM Registration Authority Account Number: 6205791613 IBAN Number: AE280350000006205791613 Swift Code:NBADAEAA AED Account Bank Name: National Bank of Abu Dhabi Account Name: ADGM Registration Authority Account Number: 6205791532 IBAN Number: AE810350000006205791532 Swift Code:NBADAEAA For further information relating to the services please visit the ADGM website at http://www.adgm.com/setting-up-business/registration-authority. Alternatively you can contact the Registration Authority directly: Location: Abu Dhabi Global Mark (ADGM) Building North Entrance, 3 rd floor ADGM Square Al Maryah Island PO Box 111999 Abu Dhabi, UAE Contact Numbers: T +971 2 333 8888 F +971 2 643 2394 Opening Hours Registration Authority opening hours: 9:00am to 3:00pm (Sunday to Thursday) ADGM - Registration Authority Schedule of Fees Page 4 of 14

Registration Fees: Registration Fees are divided into categories. Each category represents the business activities of the applicant. Category A: Financial Services Category B: Non-Financial Services Category C: Retail Additional pricing arrangements have been created for Special Purpose Vehicles (SPVs) Open/Closed Ended Investment Company, Protected Cell Companies and specific business activities under the Category A license type. Details of these pricing arrangements have been outlined below. For more information on these categories please visit the FAQ section of the ADGM website. 1. Initial Registration: a) Standard pricing i for Category A, Category B and Category C license types Business Application (Application to establish presence in ADGM) $0 1 $300 $300 $375 Application for reserving a name $200 $200 $200 $250 Application for registration of a company/partnership $1,500 $1,500 $1,500 $1,875 Issuance of commercial license $4,000 $4,000 $4,000 $5,000 Business Activity Fee $9,000 $4,000 - $9000 / $4000 Data Protection $300 $300 $300 $375 Total $15,000 $10,300 $6,300-1 Initial applications need to be done through the FSRA for organisations requiring a Category A license. ADGM - Registration Authority Schedule of Fees Page 5 of 14

b) Special Purpose Vehicle (SPVs) and Open/Closed Ended Investment Company Service Special Purpose Vehicle (SPVs) & Open/Closed Ended Investment Company Business Application (Application to establish presence in ADGM) Application for reserving a name $200 Application for registration of a company/partnership $400 Issuance of commercial license $1000 Business Activity Fee Data Protection - Total $1600 c) Protected Cell Companies, Incorporated Cell Companies, and Incorporated Cells: Service Initial Registration Renewal Name reservation Application for Incorporation/Registration Commercial License Fee $200 - $400 - $400 $1,000 Business Activities Fee Data Protection Total $100 $1,000 $1,100 ADGM - Registration Authority Schedule of Fees Page 6 of 14

d) A special pricing structure has been created for the below listed activities under Category A license: 1. Effecting a Contract of Insurance as Principal (*) 2. Carrying out a Contract of Insurance as Principal(*) Service Initial Registration Renewal Name reservation Application for Incorporation/Registration $200 - $400 - Commercial License Fee $600 $1,000 Business Activities Fee Data Protection $100 Total $1,000 $1,100 Activities related to fund vehicles established as partnerships: 1. Investment Partnership 2. General Partner to an Investment Partnership Service Initial Registration Renewal Name reservation Application for Incorporation/Registration Commercial License Fee $200 - $400 - $1,000 $1,000 Business Activities Fee Data Protection Total $100 $1,600 $1,200 (*) Only for firms conducting these regulated activities as a Captive Insurer. ADGM - Registration Authority Schedule of Fees Page 7 of 14

e) A special pricing structure has been created for the below listed activities under Category B license: 1. Activities related to Professional Membership Organisations Service Initial Registration Renewal Name reservation Application for Incorporation/Registration Commercial License Fee $200 - $500 - $1,500 $1,400 Business Activities Fee Data Protection Total $300 $100 $2,500 $1,500 f) Recognition of Auditors to operate in ADGM Recognition of Auditors to operate in ADGM Recognition of Auditor 2 - $1,200 - $1,500 g) Registration of Company Charges Company Charges Initial Registration $300 $300 $300 $300 2 Organisations undertaking auditing activities in ADGM must become a Recognised Auditor. ADGM - Registration Authority Schedule of Fees Page 8 of 14

2. Renewals and Extensions: a) Standard pricing for Category A, Category B and Category C license types Renewal of Commercial License $4000 $4000 $4000 $5000 Renewal of business activities Data Protection Renewal $9000 $4000 - $100 $100 $100 $100 NA Total $13,100 $8,100 $4,100 - b) Special Purpose Vehicle (SPVs), Open/Closed Ended Investment Company Service Special Purpose Vehicle (SPVs) & Open/Closed Ended Investment Company Renewal of commercial license $1000 Renewal of Business Activities - Data Protection Renewal $100 Total $1,100 c) Recognition of Auditors to operate in ADGM Recognition of Auditors to operate in ADGM Recognition of Auditor (renewal) - $1,200 - $1,500 ADGM - Registration Authority Schedule of Fees Page 9 of 14

d) Re-registration Charges Category A Category B Category C All Categories $1500 $1500 $1500 NA e) Extension of Registration of Company Charges Company Charges Extension of Registration $100 $100 $100 $100 3. Reporting: The reporting charges below are applicable to all registered entities. Notice of appointment of an auditor - - - - Notice of filing/lodgment of financial statements - - - - Annual Return 4. Event Driven Filings: The reporting charges outlined below are also applicable to registered SPVS and Open/Closed ended Investment Companies. Reappointment / change of auditor - - - - Application for registering a change of company name ADGM - Registration Authority Schedule of Fees Page 10 of 14

Notice of amendment of share capital Notice of change of financial year end - - - - Notice of change of particulars of shareholders/ directors/ secretary Notice of appointment / cessation of partner / director/ secretary/ authorised signatory Notice of change of registered office address Notice of amendment of articles of association Notice of error in lodged documents Application to amend business activities Data Protection Application for permit to transfer personal data to another jurisdiction Application for permit to process Sensitive Personal Data $100 $100 $100 $100 $100 $100 $100 $100 Amendment to particulars - - - - Notification of Breach - - - - Notification of appointment / cessation of Data Processor - - - - Amendment of business contract details - - - - Company Charges Notice of Registration of Enforcement of Security $100 $100 $100 $100 Notice of Satisfaction and Release of a Charge $100 $100 $100 $100 Notice of Rectification of Register $100 $100 $100 $100 Notice of Replacement of Instrument or Debenture $100 $100 $100 $100 5. Withdrawals, Terminations & Strike offs: The reporting charges outlined below are also applicable to registered SPVS and Open/Closed ended Investment Companies Application to strike off ADGM - Registration Authority Schedule of Fees Page 11 of 14

Withdrawal of application to strike-off by a company Application to transfer incorporation from the ADGM $7500 $7500 $7500 $9375 6. Support Services: The reporting charges outlined below are also applicable to registered SPVS and Open/Closed ended Investment Companies Application for no objection certificates Providing a certified copy of any document Witnessing of signature Providing an extract of information from the register Company Charges Search Certificate or Information Request $100 $100 $100 $100 7. Real Property: Service Fee Caveat Registration of Caveat $100 Lapse of Caveat $100 Withdrawal or cancellation/removal of Caveat $100 Notice of Commencement of proceedings $100 Mortgage Registration of Mortgage 2% of a principal amount of mortgage per transaction capped at $300,000 Variation/Discharge/Extent of Discharge of Mortgage $300 Transfer of Mortgage $100 Foreclosure $300 ADGM - Registration Authority Schedule of Fees Page 12 of 14

Writ Registration, Cancellation, Discharge of Writ of Execution $100 Transfer of Writ $100 Charge Registration of Statutory Charge $100 Transfer Transfer of a registered interest in real property Transfer of Ownership Real Property Transfer of Ownership of Real Property Lease Registration of Lease (anything below 10 years) 2% of the total value of the registered real property interest (no cap) 2% of the total value of the registered real property interest (no cap) $3,000. Provided that: grant between the ascendants, descendants, spouses, relatives up to the second degree of kinship, and corporate persons fully owned by them, otherwise a grant shall be treated as selling with concerns to fees $100 per year per contract Registration of Lease (anything above 10 years) 2% of total value of the first year of the contract (no cap) 3 Registration of Lease (anything above 10 years Government owned land) Lease registration/variation/termination/expiry/surrender 5% of total value of the contract, if government owned land which is priced at 0,75 fills per sq.f. $500 Other transactions Change of name, or address $100 Death, personal representative registration $200 Background Information N/A Non-Disturbance Instrument $200 Folio Creation/Freehold Initial Registration $1000 Record Correction Request $200 Replacement of lost certificate $200 Withdrawal of unregistered instrument $100 Application for official searches $1500 3 In the scenario where there is no clearly defined rent payable in the first year, the registration fee will be calculated based on 2% of the average rate per square meter/foot payable for 12 months (no cap). ADGM - Registration Authority Schedule of Fees Page 13 of 14