Does acquiring control of an ADGM-regulated firm need FSRA approval?
Yes — prior FSRA approval is required
All Changes in Control for domestic firms are subject to prior FSRA approval, whether from new shareholders or transfers between existing shareholders; approval should be obtained before filing with the Registration Authority.
More on Licensing
Who is a controller of an ADGM authorised firm?Anyone with significant influence via shares or voting rightsCan I buy an ADGM financial services licence?No — you acquire the licensed entity, with FSRA approvalDoes acquiring control of a DIFC/DFSA firm need DFSA approval?Yes — under the DFSA controllers regimeCan a UAE trade licence be transferred on its own?No — it is tied to the entity; ownership changes via amendment