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AJMAN OFFSHORE COMPANY FORMATION

The Ajman offshore company formation process, established under the regulations of Ajman Free Zone Authority in 2014, has become a popular choice for businesses seeking offshore company formation in Ajman. Governed by the Emiri Decree No. 3 of 1996, the Ajman Offshore Company offers a Zero Tax Structure, ensuring a tax-efficient environment for investors and entrepreneurs. This option provides confidentiality, privacy, and a range of unique advantages, making it an attractive choice for those interested in offshore company formation in Ajman.

 

Ajman, with its straightforward regulatory environment and business-friendly policies, provides an optimal setting for offshore company setup. This comprehensive guide will explore the benefits, required documents, and the procedure for establishing an offshore company in Ajman, with insights into how Raes Associates can facilitate this process for businesses.

Advantages of Offshore Company Formation in Ajman

Opting for offshore company formation in Ajman presents numerous benefits, making it a compelling choice for businesses worldwide:

  • Ajman Free zone is Globally respected jurisdiction

  • Fast and cost-effective registration process in Ajman. It is the most inexpensive free zone in UAE

  • Registration process of Ajman offshore company usually takes 2 to 3 working days

  • Ajman offshore company setup will allow you to open or maintain bank account(s) in the UAE or worldwide

  • Details of shareholders and directors are not made public

  • There is zero taxation in Ajman offshore company

  • For Ajman offshore setup , 100% capital and profit repatriation is allowed

  • Ajman company formation can be 100% foreign ownership

  • Ajman Offshore company does not required to have a physical office in the UAE

  • There is no paid up share capital

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Requirements for Ajman Offshore Company

  • Minimum one shareholder is required. Corporate shareholders are also accepted

  • Capital structure of Ajman offshore company will be decided by shareholders

  • At least two directors are required. Corporate directors are not allowed

  • The position of director and shareholder can be attained by a single individual

  • Offshore company must have a secretary. A director can also hold this position

  • Physical presence of shareholders or their authorized attorneys is necessary to sign documents in front of AFZA executives

  • Appointment of an official registered agent is mandatory. Address of agent’s office will be used as address of Ajman offshore company

  • The name of the offshore company in Ajman must end with “Limited”

  • Ajman offshore company can own maximum three properties

  • Ajman offshore company can’t engage in any activity outside the Fee Zone or carry out business with persons outside the Free Zone and within UAE (however permitted to deal with companies in Ajman Free Zone)

  • Shareholders are permitted to invest in UAE companies

  • Shareholders can’t get UAE residence visa on the basis of Ajman offshore company

Documents Required for Ajman Offshore Company Setup

 

IThe documentation process for Ajman offshore company setup is straightforward, ensuring ease of business establishment:

 

  • A passport copy of the shareholder (each) of the company

  • A valid UAE Visa or Entry Stamp page copy

  • An original proof of residence for each shareholder

  • Personal profile of each shareholder (CV)

  • An original bank reference letter (Good Standing Letter) for each shareholder

Requirements for corporate shareholders are:

  • Incorporation Certificate of the parent company

  • Memorandum and Articles of Association

  • Board Resolution stating the same about Ajman Offshore company formation

  • A Certificate of Good Standing

  • Passport copies of two (2) Directors

Procedure for Ajman Offshore Business Setup

The Ajman offshore business setup process involves a series of steps designed to facilitate a smooth and compliant incorporation:

  • Initial Consultation: Engage with a consultancy firm like Raes Associates to gain insights into the Ajman offshore setup process, tailored to your business needs.

  • Selection of a Company Name: Choose a unique company name that complies with Ajman's regulatory requirements, ensuring it reflects your business activities.

  • Submission of Documents: Submit the required documents to the Ajman Free Zone Authority (AFZA) for review and approval, a process that Raes Associates can assist with to ensure accuracy and compliance.

  • Payment of Fees: Once the documents are approved, proceed with the payment of the necessary fees for registration, licensing, and any additional services required for your offshore setup.

  • Receipt of Incorporation Documents: Upon successful fee payment and document verification, receive your Ajman offshore company incorporation documents, including the Certificate of Incorporation and Memorandum of Association.

For businesses considering Ajman offshore company formation, partnering with Raes Associates can significantly streamline the process. Raes Associates' expertise in offshore company setups, combined with their understanding of Ajman's legal and regulatory landscape, ensures that businesses can navigate the incorporation process efficiently and effectively. Whether for asset protection, tax planning, or expanding your business footprint, Ajman offers a conducive environment for offshore company formation, with Raes Associates ready to guide you through every step of the journey.

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