COMPANY FORMATION IN AJMAN OFFSHORE UAE
OFFSHORE COMPANY FORMATION IN AJMAN
Established in 1988, Ajman Free Zone gained autonomous status through Emiri Decree No. 3 of 1996 by H.H. Sheikh Humaid Bin Rashid Al Nuami, the Ruler of Ajman. Over the past few years, there has been a noticeable increase in the formation of companies within the free zone.
Ajman Offshore operates under the regulations of the Ajman Free Zone Authority. Similar to other offshore jurisdictions, it offers a Zero Taxation System while ensuring utmost confidentiality, privacy, and security for companies (with the registered agent’s address serving as the legal address of the offshore company).
HIGHLIGHTS OF AJMAN OFFSHORE COMPANY
- International Business Company (IBC) with the same status as any other Offshore Companies in the World
- Fastest company incorporation – 2 days
- Names of Shareholders or Directors are not on Public Record
- No requirement of renting an office or industrial premises
- Official Address of company will be Dubai Address of AURION
- Cost effective incorporation & maintenance
- No Audit Report filing
- No residence 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 of companies)
- Investments and Joint Investments Company
- Property Owning (Subject to the respective local laws of each Emirate, City and Country)
- International services
- Professional Services
- Shipping and ship management companies
- Commission Agents Company – Intermediary Brokers (IB’s)
Bearer Shares are not permitted by Ajman Offshore Authority. As a new offshore entity, their company formation process is significantly faster compared to other offshore jurisdictions. Once the company name and activity approvals are completed, and all necessary incorporation documents are submitted to the Offshore Authority, the offshore company can be incorporated within just 1-2 working days.
AJMAN OFFSHORE COMPANY FORMATION COST & RENEWAL FEE
| Descriptions | Fee in USD | Fee in AED |
|---|---|---|
| Ajman Offshore Company Registration Fee: (Including License & MOA fee / Register agent fee / Bank account opening assistance fee / Company Stamp) | USD 2,050 | AED 7,500 |
| Ajman offshore company Renewal fee / Good standing Certificate fee / Registered agent fee | USD 2,050 | AED 7,500 |
DOCUMENTS REQUIRED FOR INCORPORATION OF AN AJMAN OFFSHORE COMPANY
- A passport(s) copy of each shareholder of the company;
- An original proof of residence for each shareholder in English (can be recent telephone bill);
- Articles of Association, Memorandum of Incorporation and the Application for incorporating an offshore company. As registered agents, we will prepare all these documents after the name and business activities are approved and will send the soft copy to the clients for them to sign.
INFORMATION REQUIRED FOR OFFSHORE COMPANY FORMATION IN AJMAN
- The desired name of the offshore company; (3 options)
- The number of shares in the offshore company;
- A description of the activities of the company;
- The name of the shareholder(s) and how many shares each shareholder holds (minimum 1 shareholder);
- The name, address, nationality, of each director and secretary of the company (Both can be one person).
Offshore Company Bank account can be oppened in the UAE with our associate banks. Aurion provides complete assistance in bank account opening.
TIME FRAME FOR INCORPORATION OF AJMAN OFFSHORE COMPANY
Once all the required information and documents are ready, you may submit your application for registering an Ajman Offshore. After the shareholders or attorneys sign the necessary documents, the company will be duly registered within approximately 3 working days. Notably, the physical presence of the shareholder is not necessary for the company incorporation process.
Registration will be considered complete upon receipt of the following documents:
- Certificate of Incorporation
- Memorandum and Articles of Association (MOA)
- Register of shareholders/directors/secretary
- Share Certificate
- Company stamp
The Offshore Business Setup structure is ideal for companies operating in international markets. It offers cost-saving benefits, tax advantages, identity protection, and customs duty avoidance. Among the most attractive business locations is Ajman Offshore, thanks to its proximity to Ajman Port and excellent transport connections to the rest of the UAE and the Middle East.
Ajman Offshore is the ideal choice for companies engaged in international trade, import/export, logistics, and shipping, among others. The advantages for investors are numerous, including no need for office or industrial premises rental, no requirement to register with the Chamber of Commerce, no residency visa necessary, tax savings, and exemption from customs duties. These benefits have made Ajman Offshore one of the most sought-after offshore zones in the UAE. If you require any further assistance regarding offshore or freezone company formation in Ajman, don’t hesitate to contact us. Our team of expert business consultants is ready to provide the help you need.
Please note: Shareholders are not required to travel to the UAE for the establishment of an offshore company. They have the option to conveniently send the signed documents via courier to the PRO CONSULTANCY Office in Dubai or Sharjah. Additionally, PRO CONSULTANCY offers expert assistance in opening bank accounts with various banks in the UAE.
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