How much does ADGM dedicated desk space cost at Venus Business Center?

Dedicated desk space starts at AED 99/day, with a minimum annual lease of AED 42,000/year. All packages include high-speed internet, electricity, air conditioning, reception services, and an ADGM-compliant business address.

Can I use Venus Business Center as my ADGM registered address?

Yes. Venus Business Center holds an ADGM Commercial Licence (No. 35670) and is an approved registered address provider for ADGM companies at Suite 110, Level 1, Oceanscape Tower, Al Reem Island, Abu Dhabi.

What are the ADGM company formation fees?

ADGM initial registration fees (effective January 2025): Non-Financial Commercial licence USD 5,500, Financial Services (FSRA) USD 16,700. Annual renewal: Non-Financial USD 5,000, Financial USD 16,200. Additional fees include Data Protection (USD 300) and Annual Confirmation Statement (USD 100).

Where is Venus Business Center located?

Venus Business Center is located at Suite 110, Level 1, Oceanscape Tower, Al Reem Island, Abu Dhabi — a premium waterfront address within the ADGM jurisdiction.

What are the business hours of Venus Business Center?

Venus Business Center is open Monday to Saturday, 9:00 AM to 6:00 PM. The center is closed on Sunday.

What is Venus Business Center - ADGM Deskspace solutions ?

The Venus Business Center is offering premium ADGM licensed desk spaces and professional corporate address solutions in the heart of Al Reem Island.

What is a dedicated desk at Venus Business Center?

A dedicated desk is your own permanent, assigned workstation in our premium workspace at Oceanscape Tower, Al Reem Island. Unlike a hot desk or shared workspace, your dedicated desk is exclusively yours — you can leave your equipment, documents, and personal items securely. It comes fully furnished with an ergonomic chair and power sockets.

How much does a dedicated desk cost?

| | AED | USD (@ 3.678) | |---|---|---| | Daily rate | AED 99 | USD 26.92 | | Annual desk price | AED 42,000 | USD 11,419 | All packages include electricity, air conditioning, reception services, mail notification, and your ADGM-compliant registered address. Mail forwarding and scanning are available at extra cost. Contact us for multi-desk team pricing. Note: AED 42,000/year is the basic standard desk rate. Price may vary based on availability.

What is included in the dedicated desk package?

Your dedicated desk package includes: - Fully furnished, ergonomic workstation (exclusively yours) - Electricity and air conditioning - Reception and visitor management - Mail receipt and notification - ADGM-compliant registered business address - Tenancy confirmation letter (required for ADGM company registration) - Use of communal lounge and pantry - Company name plate at your workstation Mail forwarding and scanning are available at extra cost. Meeting rooms are not available on-site — we can assist in arranging nearby partner venues upon request.

Does ADGM require a dedicated desk for company registration?

Yes. For all standard commercial licence holders (Non-Financial, Financial, and Retail), ADGM requires genuine physical presence — a dedicated desk from a licensed workspace provider like Venus Business Center. Not permitted for standard commercial licences: - Virtual offices - Shared hot desks - Address-only arrangements The only exceptions are SPVs, Foundations, and certain Investment Fund structures, which may use a Corporate Service Provider (CSP) registered address at approximately USD 250/year. Always confirm current requirements directly with ADGM at adgm.com.

How many residency visas does one desk qualify for?

According to ADGM policy, each dedicated desk qualifies for up to 2 residency visas. If your team requires more than 2 visas, you will need to lease an additional desk. For example: - 1 desk → up to 2 visas - 2 desks → up to 4 visas - 3 desks → up to 6 visas We recommend verifying the current visa-per-desk ratio directly with ADGM at adgm.com, as this policy is subject to change.

Can I book a desk on a short-term or trial basis?

Yes. We offer flexible daily and monthly arrangements so you can get started before committing to an annual plan. This is ideal for founders in the early stages of ADGM company formation, or companies testing the Abu Dhabi market before fully establishing operations. Contact us at cx@venusdesks.com to discuss your needs.

Is the workspace available 24/7?

Our business center is staffed and fully operational Sunday to Thursday, 9:00 AM to 6:00 PM. Access arrangements outside standard hours can be discussed based on requirements — please contact us to explore options.

Do you offer private offices?

We specialise in dedicated desk space solutions within a premium shared workspace environment. For clients requiring fully private enclosed offices, please contact us and we can discuss availability or refer you to suitable options within or near Oceanscape Tower.

Where exactly is Venus Business Center located?

We are located at Suite 110, Level 1, Oceanscape Tower, Al Reem Island, Abu Dhabi — a premium waterfront address within the ADGM jurisdiction. Oceanscape Tower is easily accessible from Abu Dhabi's main business districts and the Sheikh Zayed Road network. Parking is available at the tower.

How quickly can I get set up and start working?

In most cases, you can be set up and working from your dedicated desk within 24 to 48 hours of completing our onboarding process. For ADGM company registration purposes, we can issue a tenancy confirmation letter quickly upon agreement — this letter is a required document for your ADGM application.

Is the ADGM business address included in the desk package?

Yes. The ADGM-compliant registered business address is included as part of your dedicated desk package — it is not a separate or standalone service. When you lease a dedicated desk, you receive the address, tenancy confirmation letter, and standard mail notification as part of your annual desk charge. Venus Business Center does not offer a standalone address-only service. A dedicated desk is required to obtain and use our registered address.

Can I use the Venus Business Center address for my ADGM company registration?

Yes. Venus Business Center Limited holds ADGM Commercial Licence No. 35670 and is an approved registered address provider. Our address at Suite 110, Level 1, Oceanscape Tower, Al Reem Island is fully compliant for use as your ADGM registered business address — included with all dedicated desk packages.

What is the difference between a registered address and a virtual office for ADGM?

This distinction is critical: - A dedicated desk at Venus Business Center comes with an ADGM-compliant registered address included — satisfying ADGM's mandatory physical presence requirement for standard commercial licences. - A virtual office or address-only arrangement does not satisfy ADGM's requirements for Non-Financial, Financial, or Retail licence holders. Venus Business Center does not offer address-only or virtual office services. The registered address is only available as part of a dedicated desk lease. Only SPVs, certain Foundations, and select Investment Fund structures may use a CSP-registered address without a physical desk. Always verify your specific requirements with ADGM.

How does mail handling work?

All mail and courier deliveries addressed to your company at our address are received by our reception team. You will be notified promptly upon receipt. You can collect your mail during business hours. For remote or international clients, we also offer: - Mail scanning and digital forwarding — we photograph and email your mail (extra cost) - Physical mail forwarding — forwarded to your nominated address (extra cost) Contact us to set up your preferred arrangement.

Can I use the Venus Business Center address on my website, business cards, and invoices?

Yes. Once enrolled as a dedicated desk client, you may use our Oceanscape Tower address across all official company materials — including your website, letterhead, business cards, invoices, and regulatory filings with ADGM.

Do you issue a tenancy confirmation letter for ADGM registration?

Yes. Upon signing your desk agreement, we issue a tenancy confirmation letter — an official document required as part of your ADGM company registration or licence renewal application. This can typically be issued within 24 hours of agreement.

What happens to my address if I cancel my desk agreement?

You will need to update your registered address with the ADGM Registration Authority and inform your correspondents before cancellation takes effect. We will forward any remaining mail to your nominated address during a reasonable transition period. Specific terms are set out in your service agreement.

What administrative support services does Venus Business Center offer?

Beyond dedicated desk space, our team provides a range of administrative support services, including: - Reception services — visitor management, call screening, and greeting - Mail receipt and notification — all deliveries handled and logged - Mail scanning & forwarding — digital or physical forwarding available (extra cost) - Courier coordination — domestic and international - Printing, scanning, and copying — available on-site - Company name plate — at your desk and on the building directory - Meeting rooms are not on-site but can be arranged at nearby partner venues upon request For services not listed above, please enquire — we are happy to assist or refer you to the right partner.

Do you offer meeting rooms?

Venus Business Center does not have dedicated meeting rooms inside its boutique workspace. However, we can assist in arranging meeting space at nearby partner venues upon request. Please contact us at cx@venusdesks.com to discuss your requirements and we will point you to the best available options.

Do you offer virtual reception or call handling services?

Yes, as an optional add-on. A virtual reception / call handling service (AED 3,000 – 6,000/year) provides your company with a dedicated reception line answered professionally in your company name. This is useful for companies that want to maintain a professional inbound communications presence without a full-time receptionist.

Can you help with PRO and government document services?

While Venus Business Center does not directly provide PRO (Public Relations Officer) services, we can refer you to trusted partners who handle document attestation, visa typing, Emirates ID processing, and government portal submissions. PRO services typically cost AED 1,000 – 3,000 depending on the scope of work.

Do you offer company secretarial services?

Venus Business Center does not directly perform company secretarial work, but we can refer you to trusted ADGM-licensed Corporate Service Providers (CSPs) who provide annual statutory compliance, maintenance of company registers, UBO filings, and licence renewal support. Company secretary services typically cost AED 3,000 – 6,000/year.

Can Venus Business Center refer me to company formation agents, auditors, or lawyers?

Yes. While Venus Business Center provides dedicated desk space only — we are not a CSP, formation agent, legal firm, or financial adviser — we maintain relationships with trusted ADGM-licensed partners across: - Company formation / CSP services - Legal and compliance advisory - Accounting and audit firms - Banking introducers - Immigration and visa consultants We are happy to make introductions upon request. Contact us at cx@venusdesks.com.

What does it cost to set up a company in ADGM?

ADGM formation costs have several layers. Based on the official ADGM fee schedule (effective January 2025): Government fees (Year 1, Non-Financial licence): - Name Reservation: USD 200 - Application for Incorporation: USD 300 - Commercial Licence Fee: USD 200/year - Business Activity Fee: USD 4,800/year - Data Protection Fee: USD 300/year - Total ADGM fees Year 1: USD 5,800 (≈ AED 21,320) Workspace (mandatory): - Venus Business Center dedicated desk: AED 25,185 – 30,000/year Typical Year 1 total (desk + gov fees + KYC + banking): approximately AED 55,000 – 75,000 depending on choices. Source: ADGM Fees & Charges · Use the ADGM Cost Calculator to model your specific scenario.

What is the ADGM Cost Calculator on venusdesks.com?

The ADGM Cost Calculator is an interactive planning tool that lets you: - Select your licence type (Non-Financial, Financial, Retail, SPV, Foundation, Tech Startup, etc.) - Set the number of residency visas required - Toggle optional cost items (audit, banking, PRO, KYC) - Add special arrangements (extra desks, meeting room partner venues, mail forwarding) - View a Year 1 vs Year 2+ breakdown - Download a branded PDF cost estimate All figures are based on official ADGM government fees and Venus Business Center desk rates. It is a planning and knowledge tool — figures must be verified with ADGM and your CSP before acting on them.

What is the difference between Year 1 and Year 2+ costs?

Year 1 includes one-time setup costs that do not recur annually: - Name Reservation (USD 200) - Application for Incorporation (USD 300) - Establishment Card — valid 3 years (AED 1,127) - E-Channels Account setup (AED 4,197) - KYC / onboarding at VBC (AED 2,500) - Bank account opening fees Year 2+ is your true annual running cost: - ADGM licence renewal (Commercial Licence + Business Activity Fee + Data Protection) - Dedicated desk renewal - E-Channels annual renewal (AED 1,622) - Ongoing audit and compliance costs Year 1 is almost always the most expensive year. Modelling both is essential for accurate cash flow planning.

What is the ADGM Business Activity Fee and how does it vary?

The Business Activity Fee is the core annual licence fee paid to ADGM. It varies significantly by licence type: | Licence Type | Business Activity Fee | |---|---| | Non-Financial | USD 4,800 | | Financial (FSRA-regulated) | USD 16,000 | | Retail | USD 1,800 | | SPV / Foundation / Investment Fund | USD 900 | | Tech Startup (incentivised) | Flat USD 1,500 total (up to 3 years) | | DLT Foundation | USD 14,000 | Source: ADGM Fees & Charges — verify current fees before submitting your application.

What are the Establishment Card and E-Channels Account, and do I need them?

Both are required if you plan to sponsor residency visas through your ADGM company: Establishment Card (AED 1,127.27 incl. VAT · valid 3 years) - Issued by the ICP (Federal Authority for Identity, Citizenship, Customs & Port Security) - Establishes your company's visa quota with the immigration authority - Required before applying for any employee or investor visas E-Channels Account (AED 4,197.27 to open · AED 1,622.27/year renewal, incl. VAT) - An online account with MoHRE for submitting and tracking visa applications - Required for processing each residency visa stamping If you are not sponsoring any visas (e.g. an SPV or holding company with no employees), neither is required.

How much does a residency visa cost through an ADGM company?

Residency visa costs through an ADGM company typically range from AED 3,000 to AED 6,000 per person, depending on visa type and the service provider used. This range includes: - Medical fitness test - Emirates ID issuance - Visa stamping fees - Typing and PRO charges Budget AED 3,000 for a straightforward employment visa and up to AED 6,000 for investor or Golden Visa categories. Always confirm costs with your CSP or PRO service provider. Source: ICP — icp.gov.ae

Are ADGM fees subject to VAT?

ADGM government fees themselves are generally not subject to VAT. However, service providers (CSPs, lawyers, accountants, workspace providers including Venus Business Center) will charge 5% VAT on their fees where applicable. Always request VAT-inclusive quotes from service providers and confirm your own VAT registration obligations with a UAE tax advisor. See FTA EmaraTax for UAE VAT guidance.

What is ADGM and why should I register there?

ADGM (Abu Dhabi Global Market) is an international financial centre located on Al Reem Island, Abu Dhabi. It operates under English common law, is regulated by the Financial Services Regulatory Authority (FSRA), and offers: - 100% foreign ownership - No corporate or personal income tax (subject to UAE Corporate Tax rules) - A reputable, internationally recognised jurisdiction - Direct access to Abu Dhabi and the wider GCC market It is particularly suited for financial services firms, holding companies, family offices, tech startups, professional service providers, and Chinese and international investors seeking a credible UAE jurisdiction. Source: ADGM — About

What types of companies can be formed in ADGM?

ADGM supports the following entity types: - Private Company Limited by Shares (Ltd) — most common for SMEs and startups - Public Company Limited by Shares - Limited Liability Partnership (LLP) - Branch of a Foreign Company - Special Purpose Vehicle (SPV) — for asset holding structures - Foundation — for wealth and succession planning - Restricted Scope Company (RSC) - Open / Closed Ended Investment Company The right structure depends on your business activities, ownership, and regulatory requirements. Source: ADGM Entity Types

How long does ADGM company formation take?

- Non-regulated commercial activities: 5 to 15 working days from completed application - FSRA-regulated financial activities: 6 to 12 weeks or more depending on complexity Pre-securing your dedicated desk space at Venus Business Center before starting your ADGM application can remove one of the most common bottlenecks — we issue your tenancy confirmation letter immediately upon agreement.

What documents are needed to form an ADGM company?

Typical documents required: - Valid passport copies for all shareholders and directors - Proof of residential address (utility bill or bank statement, within 3 months) - CV or professional background summary for key personnel - Proposed company name and business activity description - Ownership structure chart - Source of funds or wealth declaration (for shareholders) - ADGM-compliant registered business address (tenancy letter from Venus Business Center) Corporate shareholders must also provide incorporation certificates, board resolutions, and ownership structure documents. Your ADGM-licensed CSP will guide you through the full checklist.

Can a foreigner own 100% of an ADGM company?

Yes. ADGM allows 100% foreign ownership for all entity types. There is no requirement for a local UAE partner or sponsor, making it one of the most internationally accessible jurisdictions in the region.

Does ADGM offer incentives for tech startups?

Yes. ADGM's Tech Startup incentive offers a flat rate of USD 1,500/year (covering all ADGM government fees) for up to 3 years — applicable to startups registered before 1 January 2025. ADGM also operates the RegLab — a fintech regulatory sandbox for innovative financial services businesses to test products with modified regulatory requirements. Verify current eligibility and incentive terms at adgm.com.

What is the difference between ADGM, DIFC, and Dubai Mainland?

| | ADGM | DIFC | Dubai Mainland | |---|---|---|---| | Location | Abu Dhabi (Al Reem Island) | Dubai (Financial District) | Dubai | | Legal system | English common law | English common law | UAE Civil Law | | Foreign ownership | 100% | 100% | 100% (post-2021) | | Best for | Holding cos, family offices, startups, Chinese investors | Financial services, large funds | Local trading, retail, hospitality | | Desk requirement | Mandatory for commercial licences | Yes | Office/flexi desk | ADGM is generally preferred for holding structures, SPVs, and Chinese investors seeking an Abu Dhabi base with strong legal infrastructure.

Does Venus Business Center perform company formation?

No. Venus Business Center is a dedicated desk space provider — we are not a Corporate Service Provider (CSP), formation agent, legal firm, or financial adviser. We provide: ✓ Dedicated desk space (mandatory for ADGM commercial licences) ✓ ADGM-compliant registered business address ✓ Tenancy confirmation letter for your ADGM application ✓ Introductions to trusted ADGM-licensed CSPs For company formation, licensing, visa processing, and compliance, we refer clients to our network of ADGM-licensed CSP partners.

When does my ADGM commercial licence need to be renewed?

ADGM commercial licences are renewed annually. ADGM typically sends renewal reminders via email 60 days before expiry. Renewals are processed through the ADGM NewReg portal. Late renewal can result in financial penalties and, in serious cases, licence suspension. We recommend initiating the renewal process at least 30 days before expiry.

What fees are due at ADGM licence renewal?

Annual renewal fees (Year 2+) for the most common licence types: | Licence Type | Annual Renewal (USD) | AED equiv | |---|---|---| | Non-Financial | USD 5,300 | ≈ AED 19,493 | | Financial (FSRA) | USD 16,500 | ≈ AED 60,687 | | Retail | USD 2,300 | ≈ AED 8,459 | | SPV / Foundation | USD 1,400 | ≈ AED 5,149 | The renewal total = Commercial Licence Fee (USD 200) + Business Activity Fee + Data Protection Fee (USD 300). Verify exact figures at adgm.com/setting-up/fees-and-charges.

Does my desk tenancy need to be renewed for my ADGM licence renewal?

Yes. A valid desk tenancy agreement is required to maintain your ADGM registered address. Venus Business Center will issue a renewed tenancy confirmation letter upon desk renewal — this is submitted as part of your ADGM licence renewal documentation on the AccessRP portal. We align our desk renewal notices with your ADGM renewal timeline to make the process as smooth as possible.

What documents are needed to renew an ADGM licence?

Typical renewal documents include: - Renewed tenancy confirmation letter (from Venus Business Center) - Updated UBO / Beneficial Owner register (if any changes) - Audited financial statements (if applicable) - Data Protection registration renewal (USD 300) - Updated business activity description (if changed) - Payment of renewal fees via ADGM NewReg Your ADGM-licensed CSP can manage the renewal on your behalf.

What happens if I miss my ADGM licence renewal deadline?

Failure to renew on time may result in: - Financial penalties — late fees applied by ADGM - Licence suspension — your company may be marked as non-compliant - Inability to operate — banks and counterparties may freeze relationships until the licence is reinstated - Visa complications — employee visas linked to your licence may be affected ADGM does allow a grace period in some cases, but this should not be relied upon. If you are approaching a renewal deadline, contact us — we can issue a renewed tenancy confirmation letter promptly.

Can I change my business activities at renewal time?

Yes. Licence renewal is a good opportunity to update or expand your registered business activities. Changes to activities may trigger a reassessment of your Business Activity Fee by ADGM. Any proposed activity changes should be reviewed with your ADGM-licensed CSP before submission. Refer to the ADGM Business Activities list for permitted activities.

What are the main annual compliance obligations for an ADGM company?

Key annual obligations include: - ADGM licence renewal — Commercial Licence + Business Activity Fee + Data Protection Fee - Audited financial statements — annually, typically within 6 months of financial year-end - Register of Beneficial Owners — update whenever ownership changes - Data Protection registration renewal — annually with ADGM ODP - AML/CFT policy review — annually (best practice) FSRA-regulated firms have additional quarterly or annual prudential reporting requirements.

Frequently Asked Questions

Everything You Need to Know

Name: Venus Business Center Limited
Address: Suite 110, Level 1, Oceanscape Tower, Al Reem Island, Abu Dhabi, Abu Dhabi Global Market (ADGM), AE
Telephone: +971567022054
Price range: AED 99/day