Ajman Free Zone was established in 1988 and was allocated an independent status under the Emiri Decree No. 3 of 1996 by Humaid Bin Rashid Al Nuami, the Ruler of Ajman. In recent years, there is a magnificent increase in the number of Ajman company formation in the free zone.
Offshore company formation in Ajman started as late as 2014. Ajman Offshore Company is under the regulations of Ajman Free Zone Authority and since then it converted a popular choice for offshore company formation in Ajman. Just like any other offshore jurisdictions, Ajman Offshore company formation offers a Zero Tax Structure along with providing confidentiality & privacy. Apart from that, it also provides several unique advantages to investors and entrepreneurs.
Advantages of Ajman Offshore Company Setup
- Ajman Free zone is Globally respected jurisdiction
- Fast and cost-effective registration process in Ajman. It is the most inexpensive free zone in UAE
- Registration process of Ajman offshore company usually takes 2 to 3 working days
- Ajman offshore company setup will allow you to open or maintain bank account(s) in the UAE or worldwide
- Details of shareholders and directors are not made public
- There is zero taxation in Ajman offshore company
- For Ajman offshore setup , 100% capital and profit repatriation is allowed
- Ajman company formation can be 100% foreign ownership
- Ajman Offshore company does not required to have a physical office in the UAE
- There is no paid up share capital
Requirements for Ajman Offshore Company
- Minimum one shareholder is required. Corporate shareholders are also accepted
- Capital structure of Ajman offshore company will be decided by shareholders
- At least two directors are required. Corporate directors are not allowed
- The position of director and shareholder can be attained by a single individual
- Offshore company must have a secretary. A director can also hold this position
- Physical presence of shareholders or their authorized attorneys is necessary to sign documents in front of AFZA executives
- Appointment of an official registered agent is mandatory. Address of agent’s office will be used as address of Ajman offshore company
- The name of the offshore company in Ajman must end with “Limited”
- Ajman offshore company can own maximum three properties
- Ajman offshore company can’t engage in any activity outside the Fee Zone or carry out business with persons outside the Free Zone and within UAE (however permitted to deal with companies in Ajman Free Zone)
- Shareholders are permitted to invest in UAE companies
- Shareholders can’t get UAE residence visa on the basis of Ajman offshore company
Documents Required for Ajman Offshore Company
In order to proceed with the offshore incorporation, we need following documents:
- A passport copy of the shareholder (each) of the company
- A valid UAE Visa or Entry Stamp page copy
- An original proof of residence for each shareholder
- Personal profile of each shareholder (CV)
- An original bank reference letter (Good Standing Letter) for each shareholder
Requirements for corporate shareholders are:
- Incorporation Certificate of the parent company
- Memorandum and Articles of Association
- Board Resolution stating the same about Ajman Offshore company formation
- A Certificate of Good Standing
- Passport copies of two (2) Directors
Types of Activities Allowed
- Ajman Offshore company can be a holding Company
- Ajman Offshore company – General Trading
- Professional Services in Ajman Offshore company
- International services
- Investments and Joint Investments Company
- Shipping and ship management.
- Ajman Offshore company can act as Commission agents that is Intermediary Brokers (IB’s)
- Advisory and Consulting Services
- Property Owning (Subject to land department approval or Free hold properties)
Why Riz & Mona
- We provide Consultancy and PRO Services to Setup Offshore company
- We take care of all documentation process of Ajman Offshore company formation including preparing MOA, application form and document submission
- We will handle all the paperwork and getting all approvals from Ajman free zone authorities