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OffShore Company Formation

Ajman Offshore Company Formation

An Offshore Company (International Business Companies) is only an organization that has been incorporated in a Country other than ones place of living arrangement, citizenship or residence. Nations intrigued by pulling in worldwide business and growing their economies go after universal business by actualizing focused expense administrations and ensuring protection levels now. Offshore Companies assume an indispensable part in the worldwide economy giving private, charge proficient methods for universal contributing and leading worldwide business. An Offshore Structure is perfect for people and corporate elements for limiting operation costs; people of high total assets, worldwide speculators, property proprietors, business visionaries.

Why Ajman Offshore Company Formation?

Ajman Offshore is an ideal mix of modernization and heritage, and has witnessed an urban boon as it offers several benefits to the investors; some of those are:

  • 100% corporate / personal tax exemptions (zero taxation system)
  • 100% foreign ownership
  • Complete privacy, confidentiality and protection of assets
  • No foreign currency restrictions
  • Repatriation of offshore company profits and capital
  • Minimum capital requirement
  • Less setup costs as compared to onshore companies
  • Flexibility to own AFZA approved freehold properties while taking advantage of 47 UAE double tax treaties
  • Freedom to claim ownership to your patents, trademarks, copyright, and other such intellectual property

Ajman Offshore has some similarities with other offshore companies and a few differences as well, which gives it a unique identity.

  • Bearer shares are not allowed
  • There is no need to rent an industrial premise or an office
  • No automatic residence visa is provided to the directors and founders when they open the company, etc.
  • No trading is allowed within UAE
  • No need to register with the Chamber of Commerce, and more

Permissible Activities in Ajman Offshore

Being a new offshore entity, company incorporation process in Ajman offshore is much faster as compared to other offshore jurisdictions. It takes 1-2 business days once the company name and activity approvals are taken, and all the incorporation documents are duly submitted to the Ajman offshore authority.

General Overview of Activities Permitted in Ajman Offshore:

  • Commission Agents Company – Intermediary Brokers (IB's)
  • Consulting and Advisory Services
  • General Trading
  • Holding Company – Selling / Buying / Holding stakes in companies
  • International Services
  • Investments and Joint Investments Company
  • Owning Property (Subject to the local laws of each Emirate)
  • Professional Services
  • Shipping and Ship Management Companies

Other Information

Time required 1-2 working days (approx.) on completion of documentation
Shareholders' visit to the Authority Not required
Minimum number of shareholders 1
Minimum number of directors 1
UAE resident secretary Required.
Minimum capital requirement The capital of the company can be any amount, and in any denomination
Deposit capital in the Bank Not required
Name suffix Ltd. (e.g.: ABC Holding Ltd.)
Repatriation of profit Possible
Documents required (Individual shareholding)
  • Original bank reference letter
  • Original residence proof
  • Passport copies
  • Resume (profile) of the shareholders

Additionally, the registered agent needs to provide following details -

  • Desired offshore companyname (3 options)
  • Total number of shares in the offshore company
  • The name, nationality, address, occupation residency status of each director and secretary of the offshore company and the number of shares each shareholder holds

Note: Documentation is different, in case of corporate shareholding

SetupBusinessinUAE Consultants – Your Ideal Ajman Offshore Company Setup Partner

Registration of an offshore company in Ajman can be carried out solely by an agent licensed to act as the registration agent, and SetupBusinessinUAE Consultants appointed as an authorized registered agent by Ajman Offshore.

If you are planning for Ajman Offshore company setup, and are looking for customized packages, feel free to contact us We will be glad to assist you.

Business Setup Services | 👁 2162 | Posted April 21, 2018 | Share on Facebook | Twitter | Google+

| Modified: April 21, 2018 | Author: