Over the last couple of years, there has been an increase in businesses that are forming within the zone of free trade.
Ajman Offshore is under the rules of the Ajman Free Zone Authority. Like any other offshore jurisdiction, it offers a Zero Taxation System, and the company’s confidentiality/privacy & security are kept intact (The offshore company’s legal address is the registered agent’s).
Ajman Free Zone was established in 1988. It was awarded autonomy under the Emirates Decree. 3 of 1996 by the Ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Nuami.
Many foreign investors seek cheap alternatives in the UAE for forming a company. Ajman is a good choice for company formation. Offshore Company Formation in Ajman is a great option. Offshore Companies are ideal for investors who concentrate on international business.
There are many advantages for investors outside the country when establishing an offshore business in Ajman. Forming an offshore company within the Ajman Free Zone is hassle-free for foreign investors and requires minimum documentation. We offer complete support in creating an offshore company for foreign investors. The team will work together with Ajman Offshore jurisdiction to get the offshore company registered in the shortest possible time.
HIGHLIGHTS OF AJMAN OFFSHORE COMPANY
- International Business Company (IBC) with the same status as the other Offshore Companies in the World
- The fastest company incorporation time is within two days
- Names of Shareholders or Directors are not on Public Record
- There is no requirement to rent an industrial or office space
- The official address of the AURION is Dubai Address AURION
- Cost-effective incorporation & maintenance
- There is no Audit Report file
- No residency visa
- Easy Bank account in UAE Banks
GENERAL OVERVIEW OF AJMAN OFFSHORE LICENSE ACTIVITIES
- General Trading
- Consulting and Advisory Services
- Holding company (Buy/Hold/Sell stakes in companies)
- Investments and Joint Investments Company
- Property Ownership (Subject to Local laws in every Emirate, City and Country)
- International services
- Professional Services
- Companies that manage ships and shipping
- Commission Agents Company – Intermediary Brokers (IB’s)
Ajman Offshore Authority does not permit Bearer Shares. As a new offshore entity, their procedure for forming offshore companies is significantly faster than different offshore entities. After the company’s name and activity approvals are obtained, and the Offshore Authority submits all incorporation documents, the offshore company can be registered within two to three working days.
AJMAN OFFSHORE COMPANY FORMATION COST & RENEWAL FEE
Descriptions Fess in AED
Ajman Offshore Company Registration Fee:
(Including License Fees for Register agent Opening assistance for bank accounts (including Company Stamp) AED 7,600
Ajman offshore company renewal fee/Good Standing Certificate fee/ Registered agent fee AED 7,500
DOCUMENTS REQUIRED FOR INCORPORATION OF AN AJMAN OFFSHORE COMPANY
- A passport(s) replica of each shareholder in the company.
- A copy of the original proof of residency of each shareholder in English (can be a recent telephone bill);
- Articles of Organization, Memorandum of Incorporation, and the application to incorporate the offshore business. As agents registered with us, we complete all of these documents once the business name and activities have been approved. We will provide our clients with a soft copy of the documents to accept and sign.
INFORMATION REQUIRED FOR OFFSHORE COMPANY FORMATION IN AJMAN
- The name you want to use for the offshore company (3 options)
- The shares of the offshore company
- An overview of the operations of the company.
- A name for the shareholder(s) and the number of shares each one has (minimum one shareholder);
- The name, address, and nationality of each secretary and director of the company. (Both could be one individual).
Our partner banks can obtain an Offshore Company Bank account in the UAE. Aurion can provide complete assistance for opening a bank account.
TIME FRAME FOR INCORPORATION OF AJMAN OFFSHORE COMPANY
From the date of application for registration of Ajman Offshore (which may only be submitted once all the necessary information and documents are available) and the signature of the documents by the shareholders/attorneys, it will take approximately three working days for the company to be duly registered. The presence of a shareholder is optional for incorporation of the company.
The registration is complete once the following documents have been received:
- Certificate of Incorporation
- Memorandum and Articles of Association (MOA)
- Register of shareholders/directors/secretary
- Share Certificate
- Stamp for companies
An Offshore Business Setup structure is ideal for businesses operating on international markets. It reduces operating expenses as it saves tax, helps protect identity, and avoids customs duties, etc. The Ajman Offshore is one of the most lucrative locations for business because of its proximity to Ajman Port. Ajman Port, and well-connected transportation connections to the rest of the UAE and the Middle East.
Ajman Offshore Ajman Offshore is the perfect option for businesses involved in international trade, export/import logistics, and shipping. The advantages for investors include the absence of any office space or industrial space, no requirement to join the Chamber of Commerce, no residency visa, no tax savings, no tax duties, and so on. Ajman Offshore is one of the UAE’s most desired Offshore Zones. If you require any additional assistance regarding Offshore or Freezone Company Formation in Ajman, Contact us a call immediately. Our experienced Business Consultants are ready to assist you.