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Companies House announces collaboration with Abu Dhabi Global Market

The Abu Dhabi Global Market (ADGM) has entered into a Statement of Co-operation with Companies House Gibraltar, the exclusive registration authority on the rock, which will see the development of a knowledge exchange that Is set to improve the local registration function.

ADGM, which is the leading international financial centre in the Middle East and North Africa region, will also see its registration functions augmented as a result of the deal.

Bruno Goutaland de Greysier, Managing Director of Companies House, said: "Having served as the business registry and registration authority for companies and other bodies in Gibraltar for the last twenty-seven years, we at CHG are delighted to have entered into this agreement to collaborate with [ADGM].

“We look forward to leveraging the opportunities this agreement will present to enhance and develop our roles as registration authorities in our respective jurisdictions.”

“We remain committed to the advancement and expansion of businesses in our territories in mutually beneficial ways and in compliance with existing and evolving international standards.”

The agreement will see both parties collaborate on various activities in an attempt to work towards joint objectives and will provide the CHG will the “necessary framework” to raise the profile of its regulated international financial centres.

Moreover, the Statement of Co-operation will enable both organisations to “develop their respective registry functions through the provision of expertise, facilitation of applicable activities within their respective jurisdictions and provision of support in the integration of international standards and best practice across their operations.”

“We are pleased to enter into an agreement with Companies House Gibraltar,” said Dhaher bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority.

“We aim to develop a productive partnership that results in the continued development of our respective registration functions.”

“The ADGM RA has continuously demonstrated its commitment to ensuring its registered and prospective entities are provided with the utmost standard and unparalleled frameworks.”

“Through this agreement, we look to reinforce and develop our current registration function further, in line with best practices and international standards.”

“We are confident that this agreement will serve as a gateway to the achievement of our strategic objectives and contribute significantly to our development as an international financial centre.”

The deal will also involve the parties exchanging information on public events and will see both groups “assist in welcoming delegates of one another that wish to carry out any registration activities in their respective jurisdictions.”