(MENAFN– CBD Dubai ) uly 4th, 2022:CBD Formations, a subsidiary of CBD Corporate Services,has been awarded aCompany Services Provider (CSP) licenceinAbu Dhabi Global Market (ADGM),the leading international financial centre established in 2015 by the government of Abu Dhabi.
CBD will assist investorswithexpansion into the regionthrough offeringa multitude of structuring options such as Special Purpose Vehicles (commonly referred to as ‘holding companies’), Foundations, Operating Companies and Funds.
Commenting on the appointment, CBD Formations Partner Carl Dowling says:
“This strategic move comes after witnessing an increased demand from clients for a more regulated investment vehicle andwill further enhance CBD’s capacityto drive expansion of their business in the region.”
The announcement follows soon after the news of CBD’s regional expansion into Saudi Arabia, Qatar & Oman, marking yet another milestone in the company’s growth trajectory.
Helen Barrett, Partner at CBDFormations adds:
“We have identified the vast opportunities in UAE as part of the masterplan for the 2030 vision. We want to help bolster compliance in established regulatory frameworksfor companies and also offer cross-border and multi-jurisdictional support to other markets such as Oman, KSA and Qatar.”
CBD Formations CSP services in ADGMincludes the following:
• Acting as a corporate services provider for new company set-up