Ajman Offshore Company setup
Start your own business in UAE
Businesses Allowed in Ajman Offshore
If you’re looking for a cost-effective, easy solution for business in the United Arab Emirates, Ajman Offshore could be the perfect setup. Ajman Offshore companies are non-resident companies that aren’t issued an operating license. With an Ajman Offshore Business setup, you can own property anywhere in UAE, you won’t have any taxes, and you can hold stock in UAE Free Zone companies and LLCs. Another great benefit to forming a company in the Ajman Offshore, it’s the cheapest place for business setup in the UAE, and it takes the least amount of time. If you think this would be a great situation for your company, let the experts at MSZ Consultancy walk you through the entire process.
Documents Required
- Passport copy of the shareholders
- Proof of residence of the shareholders
- Bank reference letter
- MOA
Businesses Allowed in Ajman Offshore
Retail business involves a huge database of suppliers and customers. It’s essential to make sure that records are clear and maintained for safe auditing. Approved auditors in Dubai Health care city maintain the records with amount to be paid and the amount to be received from debtors.
Freezone Locations
1. General Trading
Trading is allowed for an offshore company in Ajman. In order to do trading, you will need a general trading license. This license is a quick process and usually only takes a day for the documents to clear.
2. Professional Services
- Professional services for business setup in Ajman include IT consultancy, management consultancy, marketing services, and more. The Ajman Free Zone helps investors open Offshore companies. The AFZA will have to issue a professional services license if you choose to do any of these business activities.
3. Stakeholding
- Offshore shareholders are allowed to hold a stake in other UAE companies.
4. Investment and Joint Investment Companies
- You can carry on or promote investment management activities in Ajman Offshore.
5. Advisory/Consultancy Services
- With a consultancy or advisory firm, you can provide services to organizations all around.
6. Commission Agents/Brokers
- With an offshore company in Ajman, you can purchase or sell properties
Setting Up an Offshore Company in Ajman
There are so many advantages to Ajman offshore business setup. Among the many reasons, Offshore formation is inexpensive, time-efficient, and completely confidential. Here are the characteristics of Ajman Offshore business setup that makes the business so popular:
Shareholders – Having one shareholder is required for Ajman Offshore business setup. The shareholders will decide on the capital structure of the company, allowing a single category of shares. In Ajman, the Offshore does not allow bearer shares.
Directors – There has to be at least two directors for business setup in Ajman Offshore. The company’s shareholders can take on the role of a director, but it isn’t required.
Secretary – There has to be at least one secretary in an Ajman Offshore company. The director or shareholder is allowed to fill this position.
Restrictions on Name & Activity – A company formed in Ajman’s Offshore is not allowed to end the name with the word “Limited.” And only general trading, professional services, stakeholding, investment and joint investment, consultancy, and commission agents are the business activities that are allowed for an offshore business setup in Ajman.
Local Requirements – An official registered agent must be appointed for an Ajman Offshore company. This office in the UAE will function as the registered office of the Ajman Offshore company.
Timescale – It takes around two to three working days to get an offshore company registered. The shareholders must be physically present to sign the documents in front of Free Zone authorities.
Confidentiality – Ajman Offshore companies have complete confidentiality, privacy, and security. There are no public records of the company’s information.
Limitations – Unlike other offshore companies in the UAE, a least one director and a maximum of five directors are allowed for establishing a company in Ajman Offshore.
Advantages to Ajman Offshore Business Setup
- 100% foreign ownership
- 100% tax-free
- Cost-effective and quick registration process
- There is no need for an annual audit
- Can open bank accounts in the UAE or worldwide
- No paid-up share capital is required
- Save money on rent because you don’t need an office space
- Ajman Offshore has global recognition
- Secure transfer of profits and capital
- Can own property anywhere in UAE
- No residence visa is needed
- Low-cost labor
- No foreign currency restrictions
- Complete privacy of directors and shareholders
- One of the biggest benefits for Business Setup in Ajman Offshore is the price. The prices are very low compared to business on the Mainland. In fact, the cost to set up an offshore company in Ajman is the cheapest in the UAE, and it takes the least amount of time to get established. Below is a list of the standard costs for business setup in Ajman Offshore:
- Government fee at AJAMN Offshore – AED 3100
- Fee for a registered agent – AED 2000
- Fee for the roistered office – AED 1000
- Share certificate – AED 1000
- Incumbency certificate – AED 1000