Offshore Company Formation in Ajman

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Offshore Company Formation in Ajman
AFZA Offshore

Offshore Company Formation in Ajman

Ajman, one of the seven emirates in the United Arab Emirates (UAE), has emerged as a favorable destination for entrepreneurs and businesses looking to establish an offshore company. With its strategic location, favourable business environment, and zero personal income tax, the Ajman free zone offers unparalleled opportunities for new and established businesses seeking to expand their operations internationally.

Advantages of Setting Up an Offshore Company in Ajman Free Zone

Why Choose Ajman Free Zone for Offshore Company Formation?

Ajman Free Zone is one of the top choices for setting up an offshore company in the UAE. Offshore companies are usually used for international trading, shipping, holding intellectual property, owning real estate, or as holding companies. The three leading offshore jurisdictions in the UAE include Ras Al Khaimah International Corporate Centre (RAK ICC), Jebel Ali Free Zone (JAFZA), and Ajman Free Zone (AFZ).

Strategic Location

Ajman is ideally situated on the Arabian Gulf, providing easy access to major global markets. Its proximity to Dubai and Sharjah enhances logistical advantages for businesses focusing on trade and distribution.

Tax Benefits

The attractive tax structure is one of the most compelling reasons for establishing an offshore company in Ajman. Businesses benefit from 100% ownership; no corporate or personal income taxes allow entrepreneurs to maximize their profits and reinvest in their companies.

Privacy and Confidentiality

Ajman’s offshore company formation process ensures a high level of privacy. Shareholder details and financial information are kept confidential, providing business owners with peace of mind.

Ease of Business Setup

Setting up an offshore company in Ajman is straightforward and efficient. With the proper guidance, entrepreneurs can navigate the legal requirements and paperwork quickly, allowing them to focus on their core business activities.

Access to Services

Ajman offers professional support services, including banking, legal, and accounting. These resources are vital for offshore businesses to maintain compliance and manage their operations smoothly.

Cost Effective service

Establishing an offshore company in Ajman can be a significant step toward achieving your business objectives. With its favorable business environment and numerous advantages
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WHY CHOOSE US

Why Partner with Silver Oak Biz?

Navigating the offshore company formation process can be complex, but you don’t have to do it alone. At Silver Oak Biz, we specialize in helping entrepreneurs and businesses successfully establish their offshore companies in Ajman. Here’s how we can assist you:

Expert Guidance

Our experienced team provides personalized support throughout the entire process, ensuring you understand each step and meet all requirements.

Comprehensive Services

From initial consultations and company registration to banking support and ongoing compliance, we offer a full suite of services to help your business thrive.

Commitment to Success

At Silver Oak Biz, we genuinely care about your success. We pride ourselves on our professionalism and dedication to providing exceptional service to our clients.

Types of Business Licenses Offered in AFZA Free Zone

Ajman Free Zone offers several options for certified rather than licensed offshore companies as they cannot operate within the UAE. Here are some types of offshore activities that are permitted

Holding Company

General Trading

Professional Services

International Services

Investments

Shipping & Ship Management

Advisory & Consulting Services

Property Owning

Brokerage

Cost of Setting Up an Offshore Company in Ajman Free Zone

The cost of setting up an offshore company in the Ajman Free Zone can vary based on business activities, the number of shareholders, and other factors. Generally, formation services start at around USD 2,050 or AED 7,500.

Steps to Setting Up Your Offshore Company in Ajman Free Zone

Choose a Business Structure

Determine the type of offshore company that best suits your needs. Common structures include Limited Liability Companies (LLCs) and Free Zone Companies.

Select a Company Name

Choose a unique name for your offshore company that complies with Ajman’s naming regulations. It’s essential to check for name availability to avoid potential conflicts.

Prepare Required Documents

Gather all necessary documentation, including copies of passports, proof of address, and business plans. These documents are essential for the registration process.

Register Your Company

Submit your application to the relevant authorities in Ajman. This will involve providing the required documents and paying the necessary fees.

Open a Corporate Bank Account

Once your offshore company is registered, you can open a corporate bank account to manage your business transactions effectively.

Obtain Additional Licenses

Depending on your business activities, you may need specific licenses and permits to operate legally in Ajman.

Requirements for Setting Up an Offshore Company in Ajman Free Zone

To establish an offshore company in the Ajman Free Zone, you will need the following:

  • Completed application form
  • Passport copies of all shareholders
  • Copy of UAE entry stamp page
  • Original bank reference letter from all shareholders
  • Proof of residency for all shareholders
  • Shareholders’ curriculum vitae or profiles

If shareholders are corporate entities, additional documents include:

  • Board resolution awarding Power of Attorney
  • Certificate of Incorporation
  • Certificate of Good Standing
  • Memorandum of Association

FREQUENTLY ASKED QUESTIONS

Do you have any question? Find answer here

Who should set up an Ajman offshore company?

Entrepreneurs are looking for asset protection, international trading, or tax planning.

What is the cost of setting up an Ajman offshore company?

Starting from USD 2,050 or AED 7,500, depending on business needs.

How can I register an Ajman offshore company?

Through a registered agent who will guide you through the process.

What are the key benefits of an Ajman offshore company?

Confidentiality, tax benefits, and international expansion opportunities.

Is there a minimum capital requirement?

No, there is no minimum capital requirement.

What activities are not permitted for Ajman offshore companies?

Financial services, insurance, media, and aviation are restricted.

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