Abu Dhabi – The Abu Dhabi Global Market (ADGM) Registration Authority (RA), and the Registrar of Companies in the Israeli Corporations Authority, have entered into a Statement of Co-operation (SoC) with an aim of facilitating an influx of business opportunities between both jurisdictions and enhancing their respective registration functions. The MoU was signed by Dhaher bin Dhaher Al Mheiri, Chief Executive Officer of the ADGM Registration Authority, and Sigal Golan Atir, Registrar of Companies in the Israeli Corporations Authority.

The SoC will aim to promote a closer and wider partnership between Israeli and UAE businesses and companies. It will also allow sharing of professional knowledge and the provision of mutual assistance between the authorities, which is necessary to facilitate the performance of the respective registration authorities’ functions.

Commenting on the agreement, Dhaher bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority, said: “In light of the UAE’s momentous signing of the Abraham Accords, we at ADGM are pleased to partner with the Registrar of Companies in the Israeli Corporations Authority to facilitate and realise the benefits arising from the increase of joint relations these two jurisdictions. We are confident that this agreement will result in fruitful outcomes for entities residing in both the UAE and Israel, serving as a gateway to valuable expansion and investment opportunities across both thriving business hubs and the wider region.

This agreement is a further testament to ADGM’s ongoing efforts to enhance our expansive network of international partners, in which Israel is a key stakeholder. The RA’s entering of this agreement will look to leverage the synergies between our respective jurisdictions across the high potential areas such as FinTech and entrepreneurship, and as well as each jurisdiction’s progressive regulatory frameworks, to facilitate mutual growth.”

The agreement was signed following an understanding of the need to enhance cooperation between the parties in light of the large volume of business expected between the two jurisdictions countries.

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About Abu Dhabi Global Market

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global trade and business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM’s strategy is anchored by Abu Dhabi’s key strengths spanning over private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability and more. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs the entire 114 hectares (1.14sqkm) of Al Maryah Island which is a designated financial free zone.

It enables registered financial and non-financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on common law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for four consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*

For more details on ADGM, please visit www.adgm.com  or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

* Source: The Global Investor Middle East and North Africa (MENA) Awards

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