Summary
- The Abu Dhabi Global Market (ADGM) has announced the removal of the Special Purpose Vehicle (SPV) nexus requirement.
- This significant change is expected to greatly benefit global private clients and corporations operating within the ADGM framework.
- The move aims to enhance the attractiveness of ADGM as a jurisdiction for international business activities.
- Experts suggest this could lead to increased investment and growth opportunities in the region.
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