Physical Gold vs unallocated storage -- ADGM -- ADGM Analysis

Allocated vs Unallocated Gold in ADGM: Ownership vs Exposure

The allocated-versus-unallocated distinction is not academic — it determines whether you own gold or merely have a contractual claim to it. In ADGM's English Common Law jurisdiction, allocated gold is your legal property: segregated, serial-numbered, and excluded from operator insolvency proceedings. Unallocated gold makes you an unsecured creditor — behind employees, tax authorities, and secured lenders. With zero UAE capital gains tax, zero wealth tax, and zero VAT on investment-grade gold, ADGM allocated storage delivers both legal certainty and fiscal efficiency.

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0%
UAE CGT
Allocated
Title Protected
English Law
ADGM
$200M
Lloyd's
Overview

Physical Gold vs unallocated storage in ADGM

LCORE provides allocated gold storage only. Allocated: your specific bars identified by serial number. Unallocated: you are an unsecured creditor of the vault operator. In ADGM, allocated is governed by English Common Law property rights.

LCORE provides allocated physical gold storage in ADGM Abu Dhabi. Every bar identified by serial number. Lloyd's $200M insurance. ADGM English Law Warehouse Receipt. Storage Programme generating operational income. Zero UAE capital gains tax.

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Confidential. Min $5M. ADGM 28158.

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FAQ
What is the difference between physical gold and unallocated storage?
Physical allocated gold gives you legal title to specific bars. unallocated storage gives price exposure but you are typically an unsecured creditor. In LCORE ADGM, your gold is legally yours.
What are the tax advantages in UAE?
Zero UAE CGT. Zero wealth tax. Zero VAT on investment-grade gold. Zero import duty in pre-customs zone.
Minimum?
$5M. Institutional counterparties only. ADGM Reg. 28158.
Also see: Physical vs ETF · Allocated Storage · Dubai vs Switzerland