Offshore Company Setup In Ajman
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Ajman offshore company formation is a viable option for entrepreneurs looking to expand their business and diversify their investments overseas. Ajman is an ideal jurisdiction for offshore business due to its strategic geographic location and low taxes. The Free Zone Authority of Ajman regulates the registration and incorporation of International Business Companies in the emirate. Offshore companies can undertake a variety of activities, including international trade, real estate holding, holding for intellectual property, shipping industry, online advertising, market trading and business for distribution and service centers.
Ajman Offshore Business License is available for:
- Professional Services
- Holding Company
- Shipping Industry
- Business of Online Advertising
- General Trading
- Business for Distribution and Service Centers
Major Benefits of Ajman Offshore Company Setup
- Zero tax jurisdiction
- Submission of financial reports is not required
- Minimal administration cost
- Asset protection
- Lower setup and maintenance costs
- No capital requirements
- 100% foreign ownership
- Confidentiality
Documents Needed to Register an Ajman Offshore Company in UAE
KYC documents for individuals:
- An original passport must be verified personally in our office, otherwise the client can provide a notarized copy of the original passport
- Copy of UAE residence visa (if applicable)
- UAE entry stamp page of passport (if applicable)
- N.O.C. from UAE Sponsor (if applicable)
- Proof of address (original recent utility bill for residence)
- Bank reference letter (original)
- Personal profile
- Dully filled FATCA Form
- Notarized US Declaration (Applicable to a US Person)
KYC documents for Corporates Shareholders:
- Certificate of incorporation
- Memorandum / Articles of Association
- Board Resolution
- Power of Attorney
- Certificate of Incumbency
- Certificate of Good Standing
(Must be attested by the UAE Embassy/Ministry in country of origin and Ministry of Foreign Affairs in UAE)
Characteristics of Company Setup
Company Formation: An Ajman Offshore has to be registered with the AFZ Authority. The company must have a minimum of one shareholder with a minimum of one director.
Local Requirements: Ajman Offshore must appoint an approved registered agent. A registered agent’s office in the UAE can be used as the registered office of the Ajman Offshore Company.
Timescale: Offshore Company registration will take approximately 3 working days.
Annual Reporting: These companies are required to keep financial books. These must be approved by the shareholders but do not need to be filed with the Authority.
Economic Substance Reporting: Companies involved in ‘relevant activities’ in the UAE are also required to submit economic substance notifications and reports to the regulatory authority.
Company Setup Cost
Government Fee for Ajman Offshore Company Formation has an associated cost of AED 3,000 and an annual renewal fee of AED 1,500 each subsequent year
Our business serves as a one-stop shop for all types of company formation services. Many people and corporations have received assistance from Global Business Services DMCC in setting up their businesses in Ajman Offshore. Get in touch with us via call or email!
Furthermore, we offer professional and affordable services for business setup in Dubai and other emirates in UAE. We have a team of experts to provide you with accounting services in UAE, VAT Consultancy, ESR services, Shared CFO, UBO Declaration, UAE Corporate Tax, AML in UAE and onshore (Free Zone) or offshore company formation in the UAE.
Call us at 050-8992852 or email sagar.mehta@gbsei.com to learn more about the full requirements for company establishment in the Ajman Offshore
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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Copyright © 2020 Global Business Services.