Ajman Offshore Business Setup
Established in 1988, Ajman Free Zone gained independent status under Emiri Decree No. 3 of 1996, courtesy of Humaid Bin Rashid Al, Ajman’s Ruler. In recent times, there has been a remarkable surge in the formation of companies in the Ajman free zone. The of offshore company formation in Ajman, however, occurred relatively recently starting in 2014. Regulated by the Ajman Free Zone Authority, Ajman Offshore Company has swiftly become a option for offshore company formation. Much like other offshore jurisdictions, Ajman Offshore offers a Zero Tax Structure, ensuring confidentiality and privacy. In addition, it presents a range of distinctive benefits to investors and entrepreneurs
Benefits of Starting an Ajman Offshore Company
• Zero tax environment: Ajman offshore companies enjoy zero corporate and income taxation, helping maximize profits and reduce tax liabilities.
• 100% repatriation of capital and profits: Investors can freely transfer all capital and earnings back to their home country.
• 100% foreign ownership: No local partner or sponsor is required, offering full control to international investors.
• Swift, cost-effective setup: Registration is one of the most affordable in the UAE and can typically be completed in 2–3 working days.
• No physical office requirement: There’s no need to rent office space within the UAE.
• Global banking access: Offshore companies can open corporate bank accounts in the UAE or internationally.
• No minimum capital requirement: There’s no obligation for initial paid-up share capital.
• Confidentiality: Shareholders’ and directors’ information remains private and is not publicly disclosed.
• Flexible corporate structure: Companies can be formed with a minimum of one shareholder and one director, offering simplicity for small or sole-owner businesses.
Ajman Offshore Company Requirements
- Shareholders: Minimum of one shareholder (individual or corporate) is required.
- Directors: At least two directors must be appointed (corporate directors not permitted).
- Secretary: An offshore company must have a company secretary (can also be one of the directors).
Capital Structure: Shareholders determine the company’s capital structure
Dual Role: An individual can hold both director and shareholder positions
Physical Presence: Shareholders or authorized attorneys must be physically present to sign documents before AFZA executives
- Registered Agent: An official registered agent must be appointed, with their office address serving as the Ajman Offshore Company’s address.
Company Name: The company’s name must conclude with “Limited”
Property Ownership: The company can own a maximum of three properties.
Business Scope: Business activities are confined to the Free Zone and cannot extend outside, including transactions within the UAE
Investment: Shareholders are allowed to invest in UAE companies
Residence Visas: UAE residence visas cannot be obtained based on the Ajman offshore company
Required Documents for Ajman Offshore Company Formation :
To initiate the offshore incorporation process, the following documents are necessary:
- Passport copies of all company shareholders
- Copies of valid UAE Visas or Entry Stamp pages
- Original proof of residence for each shareholder
- Personal profiles (CVs) of each shareholder
- Original bank reference letters (Good Standing Letters) for each shareholder
Corporate Shareholder Criteria include
Corporate Shareholder criteria include the following:
- Parent company's Incorporation Certificate
- Memorandum and Articles of Association
- Board Resolution affirming intent for Ajman Offshore company formation
- Certificate of Good Standing
- Passport copies of two (2) Directors
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Permissible Activities for Ajman Offshore Company
The permissible activities for Ajman Offshore Company are as follows:
- Holding Company Functions
- General Trading under Ajman Offshore Company
- Provision of Professional Services within Ajman Offshore Company
- International Service Operations
- Investment and Joint Investment Ventures
- Shipping and Ship Management
- Commission Agent Roles, including Intermediary Brokers (IBs)
- Advisory and Consulting Services
- Property Ownership Opportunities
Why Choose Inter Business Setup?
We specialize in Consultancy and PRO Services for establishing Offshore Companies.
We manage every aspect of the documentation process for Ajman Offshore company formation, encompassing MOA preparation, application form submission, and document processing. We expertly handle all paperwork and secure approvals from Ajman Free Zone authorities
