Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) in Abu Dhabi, has announced amendments to its founding law, Abu Dhabi Law No. (4) of 2013 Concerning Abu Dhabi Global Market (Founding Law).

The amendments include formalising the dual licensing regime created with the Abu Dhabi Department of Economic Development (DED) which enables ADGM entities to establish branches, subsidiaries or representative offices in Abu Dhabi without needing a place of residence outside ADGM and obliging legacy entities licensed by the DED on Al Maryah Island prior to the establishment of ADGM to surrender their licences and obtai...