Waystone Expands Corporate Services Across UAE
The licence expands Waystone’s provision of corporate services to the ADGM, building on its existing presence in the Dubai International Financial Centre (DIFC) and onshore UAE, and enables clients to work with a single provider across all key markets as they establish and manage structures in the UAE.
Through its new ADGM licence, Waystone will provide a range of services to special purpose vehicles (SPVs) and other corporate structures, including company incorporation, corporate secretarial, registered office, domiciliation and director services.
The expansion comes as the UAE continues to grow as a global financial hub, attracting asset managers, financial institutions and other international firms to establish operations and investment structures in the region. The rapid expansion of both ADGM and DIFC has contributed to a growing financial services ecosystem, supported by increasingly established regulatory frameworks and infrastructure.
Waystone expects particular demand from sectors requiring specialist SPV structures, including aviation finance and leasing. The firm already provides administration and directorship services to aviation clients across aircraft leasing, financing and securitisation structures, with the ADGM licence extending the jurisdictions through which it can support these vehicles.
The licence further expands Waystone’s international corporate services platform, which spans Ireland, Luxembourg, Singapore, the UK and the US, and forms part of the firm’s continued investment in its Middle East capabilities.
Nigel Pasea, Country Head, Middle East at Waystone, comments: “The UAE has developed into an increasingly important market for international financial institutions, attracting significant investment and new market entrants. Clients establishing structures here want providers that combine local expertise with international capabilities, and our expanded presence means we can now provide that support across all of the UAE’s major international financial centres.”
Patricia O’Connor, Managing Director, Corporate Services at Waystone, comments: “Obtaining our CSP licence in the ADGM is a significant milestone for our Corporate Services business and for our clients. We have seen strong interest from existing clients across Ireland, Luxembourg and other jurisdictions who are excited about expanding into the UAE and are looking for a trusted partner to support that growth. With licences now covering ADGM, DIFC and onshore UAE, we can provide a seamless corporate services offering across the region, helping clients establish and manage their structures with confidence.”
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About Waystone
Waystone is a leading asset-servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.