Establishment Of Ajman Offshore Company Setup:
Ajman Offshore Company Setup: Established in 1988, the Ajman Free Zone gained its independence by Emiri Decree No. 3 of 1996 thanks to Humaid bin Rashid Al Naomi , Ruler of Ajman. Recently, there has been a notable boom in company establishment in the Ajman Free Zone. The beginning However, the establishment of an offshore company in Ajman has occurred relatively recently , starting in 2014.
Ajman Offshore Company, regulated by the Ajman Free Zone Authority, has become a preferred option for establishing an offshore company. Like many other offshore jurisdictions Ajman Offshore offers a zero tax structure, ensuring confidentiality and privacy. In addition, it offers a range of distinct benefits to investors and entrepreneurs.
Let’s communicate the free zone Companies within the borders of the state affiliated with the Department of Economic Development Offshore Other registration.
Benefits Of Establishing Ajman Marine Company:
● Ajman Free Zone:
An internationally respected judicial authority.
● Fast and cost-effective registration process:
Ajman offers the most budget-friendly free zone registration in the UAE.
● Effective registration schedule:
Usually, setting up an Ajman offshore company takes 2 to 3 business days.
● Access to global banking services:
Setting up an offshore company in Ajman allows you to operate a bank account(s) within the UAE or internationally.
● Maintain confidentiality:
Shareholder and board member information remains private.
● Offshore companies in Ajman enjoy tax exemption.
100% repatriation of capital and profits is permitted to offshore institutions in Ajman
● Complete foreign ownership:
Establishing an Ajman company allows 100% foreign ownership.
● There are no physical office requirements:
Physical office presence within the UAE is optional for an Ajman offshore company.
● There is no minimum paid-up capital:
There is no commitment to paid-up capital in establishing an Ajman offshore company.
Ajman Marine Company Basic Requirements:
● Contributors:
At least one shareholder is needed, and corporate shareholders are accepted.
● Capital structure:
Shareholders determine the company’s capital structure.
● Administration:
A minimum of two directors is required, with no provision for company directors.
● Double role:
An individual can hold both director and shareholder positions.
● Secretary:
The offshore company must have a secretary, who can also be a director.
● Physical existence:
Shareholders or authorized attorneys must be physically present to sign the documents in front of the executives in the Ajman Free Zone.
● Registered agent:
An official registered agent must be appointed, whose office address shall be the address of the Ajman Offshore Company:
● Company Name:
The company name must end with the word “Limited”.
● Property:
The company can own a maximum of three properties.
● Scope of works:
Commercial activities are limited to the free zone and cannot extend outside it, including transactions within the UAE.
● Investment:
Shareholders are allowed to invest in UAE companies.
● Residence visas:
UAE residency visas cannot be obtained through an Ajman offshore company.
Basic Documents For Ajman Marine Company Formation:
To start during the incorporation process abroad, the following documents are necessary:
● Copies of passports of all shareholders in the company
● Copies of valid UAE visas or entry stamp pages
● Proof of original residence for each shareholder
● Personal files (CVs) for each contributor
● Original bank reference letters (letters of good conduct) for each shareholder
Shareholder Of The Company Includes Criteria:
The company’s shareholder criteria include:
● Certificate of incorporation of the parent company
● Memorandum and articles of association
● Board of Directors’ decision confirming the intention to establish Ajman Offshore Company
● Certificate of good conduct
● Copies of passports of two (2) directors
Activities Permitted In Ajman Offshore Company:
The permitted activities of Ajman Offshore Company are as follows:
● Holding company jobs
● General trading subsidiary of Ajman Offshore Company
● Providing professional services within Ajman Marine Company
● International service operations
● Investment and joint investment projects
● Shipping and ship management
● Commission agent roles, including broker brokers (IBs)
● Advisory and consultancy services
● Real estate ownership opportunities
Why choose Company formation in Dubai for business establishment?
We specialize in consulting and public relations services for offshore company formation.
We manage every aspect of the documentation process for setting up an Ajman offshore company, including preparing articles of incorporation, submitting the application form and processing documents. We expertly handle all the paperwork and obtain the necessary approvals from the Ajman Free Zone authorities.
