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ADGM Hosts Summit On Alternative Investment

by Lorys Charalambous, Tax-News.com, Cyprus

11 April 2016


The Abu Dhabi Global Market (ADGM), a free trade zone in the United Arab Emirates, held a summit on alternative investments on March 30-31, 2016, bringing together more than 250 global CEOs, institutional investors, and investment professionals.

The Alternative Investment Management (AIM) Summit 2016 covered topics such as macro investment outlook, Gulf Cooperation Council investment opportunities and challenges, the rise of financial technology in the Middle East and North Africa region, and other issues on the global hedge fund industry agenda, the ADGM said.

Richard Teng, CEO, Financial Services Regulatory Authority, ADGM said: "The AIM Summit provides an important platform for local and global players to discuss global trends, issues and challenges in the marketplace. It provides a forum for players to strategize for the future and harness each other's competitiveness, and explore opportunities for collaboration and growth."

The ADGM offers firms a number of benefits, including exemption from taxes guaranteed for 50 years and relaxed rules on the repatriation of profits. The zone permits 100 percent foreign ownership.

TAGS: United Arab Emirates | tax | investment | tax incentives | professionals | tax breaks | Gulf Cooperation Council | trade | alternative investment | free trade zone | Investment | Invest | Africa | Middle East | Investment

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