Offshore Company Formation in Ajman
An Ajman Free Zone offshore company offers cutting-edge infrastructure suitable for various business activities. Whether you’re in trading, consulting, or running a holding company, Ajman Free Zone (AFZ) provides a flexible and fast-growing environment, with certain sectors experiencing up to 45% growth. Below are some key benefits offshore company formation in ajman:
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 main offshore jurisdictions in the UAE include Ras Al Khaimah International Corporate Centre (RAK ICC), Jebel Ali Free Zone (JAFZA), and Ajman Free Zone (AFZ).
Why Choose Ajman Free Zone for Offshore Company Formation?
Advantages of Setting Up an Offshore Company in Ajman Free Zone
- Confidentiality: Offshore companies are not required to publish financial information or disclose directors’ and shareholders’ personal details on public records. Additionally, there’s no requirement for audits.
- Fewer Liabilities: Offshore companies protect assets, safeguarding company resources in legal disputes. This structure creates a legal barrier between the company’s assets and third parties.
- International Expansion: Establishing an offshore company with a UAE-based address enhances business credibility, opens doors to international partnerships, and allows for a UAE bank account, facilitating global transactions in multiple currencies.
- Tax Incentives: Offshore companies are exempt from the UAE’s corporate tax, which was introduced at a 9% rate in 2023, as they do not operate within the country.
Types of Offshore Companies in Ajman 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
- Online Advertising2
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
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 Your Company Name & Activities: Decide on your business activities and select a name that aligns with your brand, ensuring it’s not offensive or sensitive.
- Find a Registered Agent: A registered agent will help with all administrative and communication tasks.
- Submit Your Application & Documents: Compile and submit the necessary documents for review.
- Prepare your MOA & AOA: Draft and notarize your company’s Memorandum of Association (MOA) and Articles of Association (AOA) before submission.
- Open Your Corporate Bank Account: Set up a bank account for your company’s transactions. Ensure all bank documents are prepared alongside your company application.
Ajman Offshore Company Formation Timeline
Day 1: Company name reservation and preparation of formation documents.
Day 2: Sign the necessary documents (either in-person or remotely).
Day 3: Company registration with Ajman Free Zone.
Day 5: Start the process of opening a corporate bank account.
Key Features of Ajman Offshore Companies
- Confidentiality: There are no public records of shareholders or directors.
- Zero Taxes: No corporate or personal taxes.
- 100% Foreign Ownership: Full control over your business.
- No Paid-up Capital Requirements: Flexibility in capital structure.
- No Audit Requirements: Simplified operations without the need for financial audits.
- Global Business Operations: Freedom to conduct business outside the UAE.
Get Started Now
Ready to set up your offshore company in the Ajman Free Zone? Contact us today to begin the process and elevate your business to new heights.
Frequently Asked Questions
Entrepreneurs are looking for asset protection, international trading, or tax planning.
Starting from USD 2,050 or AED 7,500, depending on business needs.
Through a registered agent who will guide you through the process.
Confidentiality, tax benefits, and international expansion opportunities.
No, there is no minimum capital requirement.
Financial services, insurance, media, and aviation are restricted.
Ajman Mainland Company Formation
Our expert team offers seamless business setup services in Ajman Mainland. We guide you through licenses, regulatory requirements, and paperwork and ensure efficient business compliance, allowing you to focus on growing your business. We are authorize Business consultant in ajman.
Ajman Free Zone Offshore
We offer expert services for forming an offshore company in the Ajman Free Zone, ensuring smooth registration, documentation, compliance, and setup. Benefit from the tax and regulatory environment, enhancing global reach and leveraging the strategic location.
