Ajman Offshore Company Formation

Ajman Offshore Company Formation

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Ajman Offshore Company Setup

Offshore company formation in Ajman gained significant prominence with the establishment of the Ajman Free Zone in 1988, which was specifically aimed at promoting trade and attracting foreign investment. 

The introduction of the offshore license in Ajman came later, in 2014, as part of the UAE's broader initiative to diversify its economy and enhance its position as a global business hub. This strategic move allowed Ajman to cater to the growing demand for offshore business solutions, creating an environment conducive to international business activities.

The Ajman Offshore License is designed to enable companies to operate outside the UAE without having a local presence or even engaging in local trade, providing a unique framework for international operations. Offshore companies registered in Ajman have the capacity to hold assets, manage investments, and engage in international trading activities. 

This structure is particularly appealing to businesses looking for a license that facilitates global operations while benefiting from the regulatory framework of the Ajman Free Zone, which offers streamlined processes and a supportive environment for foreign investors.

Since the introduction of the offshore license, a diverse range of companies have successfully established their operations worldwide. These firms span various sectors, including trading, consultancy, real estate, and investment management. The region has experienced a steady influx of international businesses leveraging the advantages of the offshore structure, which allows them to operate flexibly and efficiently on a global scale.


Ajman Offshore Company Setup Advantages

Full Foreign Ownership

Full Foreign Ownership

Allow for complete foreign ownership without the need for a local sponsor.

Tax Efficiency

Tax Efficiency

Ajman offshore companies benefit from a zero percent tax rate on profits and no capital gains tax.

Ease of International Operations

Ease of International Operations

Permitted to conduct international business activities, such as holding assets, managing investments, and trading globally, without engaging in local trade.

Confidentiality

Confidentiality

Ajman offshore structures offer a high level of confidentiality, as details of shareholders and directors are not publicly disclosed.

No Minimum Capital Requirement

No Minimum Capital Requirement

Unlike some jurisdictions that require a minimum capital investment, Ajman does not impose a minimum capital requirement for offshore companies.

Streamlined Registration Process

Streamlined Registration Process

The process of setting up is straightforward and efficient, with minimal bureaucratic hurdles.

Asset Protection

Asset Protection

Offshore companies in Ajman can be structured to protect assets from potential legal claims.

Business Support Services

Business Support Services

Service providers offer comprehensive support for offshore companies, including assistance with documentation, legal compliance, and business development.

Licenses Available for Ajman Offshore Companies

Holding Company License: Allows companies to hold and manage shares in other companies or entities.
Trading License: While offshore companies cannot trade within the UAE market, they can engage in international trading activities, including import and export of goods and services.
Consultancy License: Operate as consultants or provide advisory services in various fields such as business management, finance, and information technology. 
Investment License: For companies focused on investment activities, including asset management, portfolio management, and other financial investments in various markets.
Real Estate License: Offshore companies can engage in real estate activities, such as holding, buying, and managing property, primarily outside the UAE. 
Intellectual Property Holding License: Allows offshore companies to hold and manage intellectual property rights, including trademarks, patents, and copyrights, providing a legal framework for IP management.
Special Purpose Vehicle (SPV): Companies can establish SPVs to facilitate specific financial transactions, manage risk, and create structured investment vehicles for international operations.
Family Office License: This license caters to managing the wealth and investments of high-net-worth individuals or families, focusing on asset protection, succession planning, and financial management.
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Ajman Offshore Company Setup Process

Timeline: 2 to 4 weeks

01 Initial Consultation

Engage with a registered agent or business consultant who specializes in offshore company formation, you will discuss your business needs, choose a suitable company name, and determine the type of offshore activities you intend to undertake.

Takes 1 to 2 days

02   Documentation Preparation 

Gather and prepare the necessary documentation required for the application. 

Takes 2 to 5 days 

03   Application Submission 

Submit the prepared documents to the Ajman Free Zone Authority, and pay the incorporation fees.

Takes 1 day

04 Approval Process

The Ajman Free Zone Authority will review the documents and notify you when the application is approved.

Takes 3 to 5 days 

05  Issuance of Certificate of Incorporation

Upon approval, the authority will issue a Certificate of Incorporation, confirming the legal establishment of the offshore company.

Takes 1 day  

06 Opening a Bank Account 

After receiving the Certificate of Incorporation, you can proceed to open a corporate bank account in the UAE. 

Takes 5 to 10 days

Documents Required for an Ajman Offshore Company

Required documents vary based on the legal structure of the business: Individual Shareholder and Corporate Shareholder.

Document Type Individual Shareholder Corporate Shareholder
Passport Copy Valid for at least 6 months Valid for at least 6 months of authorized signatories
Proof of Residence Utility bill or bank statement (not older than 3 months) Utility bill or bank statement in the name of the parent company (not older than 3 months)
Photographs Recent passport-sized photographs (typically 2-4) Recent passport-sized photographs of authorized signatories (typically 2-4)
CV or Personal Profile Outlining professional experience
Certificate of Incorporation Not Applicable Certificate of Incorporation (or equivalent document) of the parent company
Memorandum and Articles Not Applicable Memorandum and Articles of Association (or equivalent document)
Board Resolution Not Applicable Approving the investment in the offshore company

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Frequently Asked Questions

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