Ajman Offshore Company Formation
The Free Zone of Ajman was established in 1988 and acquired the status of an independent territory by Emiri Decree No. 3 issued by Humaid Bin Rashid Al Nuaimi, the Ruler of Ajman, in 1996; since then, company formations within the zone have continued to rise, making it one of the most active business centers.
However, setting up an Ajman offshore company is a new phenomenon, which began in 2014 and was regulated by the Ajman Free Zone Authority. Though quite new, it has rapidly gained momentum with regard to entrepreneur and investor interest.
Ajman Offshore follows a zero-tax structure, fully promoting privacy and confidentiality for business ventures. Besides, it extends some unique advantages, emerging as one of the most promising offshore jurisdictions for global business initiatives.
Ajman Offshore Documents
Documents Required to Begin the Offshore Incorporation Process:
- Passport Copies: Valid copies of passports for all company shareholders.
- UAE Visa or Entry Stamp Pages: Copies of valid UAE visas or entry stamp pages for all shareholders.
- Proof of Residence: Original proof of residence for each shareholder.
- Personal Profiles (CVs): Detailed personal profiles or CVs for every shareholder.
- Bank Reference Letters: Original bank reference letters (Good Standing Letters) for each shareholder.
Ajman Offshore Company Benefits
- Ajman Free Zone Overview
- Ajman Offshore companies enjoy a zero-tax regime.
- Fast and Affordable Registration Process
- Smooth Registration Process
- Worldwide Banking Access
- Privacy Guaranteed
- Tax-Exempt Structure
- Ajman Offshore companies enjoy a tax-free structure.
- Full Foreign Ownership Allowed
- No Need for a Physical Office
- No Minimum Capital Requirement
Ajman Offshore Requirements
Equity Holders
A minimum of one shareholder is required, and corporate shareholders are permitted.
Company Secretary
An offshore company is required to have a secretary, who may also serve as a director.
Ownership Structure
The capital structure of the company is determined by the shareholders.
Physical Presence
Shareholders or authorized representatives must be physically present to sign documents in the presence of AFZA executives.
Management Team
A minimum of two directors is required, and corporate directors are not allowed.
Scope of Business
Business activities are limited to the Free Zone and cannot extend beyond, including within the UAE.
Dual Responsibility
An individual can serve as both a director and a shareholder.
Capital Investment
Shareholders can invest in UAE companies.
Ajman Offshore Activities
The allowed activities for an Ajman Offshore Company are as follows:
- Holding Company Operations
- General Trading Activities for Ajman Offshore Companies
- Global Service Operations
- Investment and Joint Ventures
- Consulting and Advisory Services
- Property Investment Prospects