Setting Up A New Offshore Company in Ajman
Ajman Offshore Business Setup in UAE
Company Setup in Ajman Offshore is a popular choice for international businesses due to its strategic location, enabling easy access to markets in the Middle East, Africa, Asia, and Europe. The Ajman Free Zone Authority oversees the offshore jurisdiction, providing a range of benefits and incentives to attract foreign investors.
- Easy business setup process
- Bank account assistance
- Obtain a license
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Company Setup in Ajman Offshore
Ajman, one of the seven emirates of the United Arab Emirates (UAE), offers a favorable offshore company formation option for individuals and businesses looking to establish an international presence. In this article, we will explore the benefits, requirements, and processes of offshore company setup in Ajman.
Ajman offshore company setup refers to the process of establishing a legal entity in Ajman’s offshore jurisdiction. An offshore company in Ajman is commonly known as an International Business Company (IBC) and is governed by the Ajman Offshore Companies Regulations of 2014. This jurisdiction offers several advantages, such as tax exemptions, confidentiality, and ease of doing business.
Benefits of Business Setup in Ajman Offshore
Ajman, one of the seven emirates in the United Arab Emirates, has become a popular choice for entrepreneurs looking to establish offshore companies. The emirate offers numerous advantages, including:
- Tax Efficiency: Companies incorporated in Ajman Offshore are exempt from corporate and personal income tax, making it an attractive option for businesses looking to minimize tax liabilities.
- 100% Foreign Ownership: Foreign investors can own their company entirely, without the need for a local partner.
- Confidentiality: Ajman Offshore provides a high level of privacy and confidentiality for shareholders and directors.
- Ease of Setup: The process of company formation in Ajman Offshore is efficient and straightforward, with minimal paperwork and low costs.
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Documents required for Ajman Offshore Company Setup
To set up Ajman offshore company in UAE, the following are some of the key requirements.
- Requires atleast one shareholder and two directors.
- Offshore companies require a secretary. A director can also be a secretary
- Ajman Offshore Company cannot engage in business activities outside the Free Zone.
- It is required that shareholders be present physically to sign the application and documents in the witness of AFZA representatives.
- The offshore company should mandatorily appoint a registered agent. The address of the agent will serve as the address of the registered offshore company.
- The company can own a maximum of three properties.
- Shareholders of the Ajman Offshore Company setup can invest in the UAE companies.
How to Get Your Offshore Company License in Ajman?
Getting your offshore company license in Ajman with us is quick and straightforward. Our team of experts will guide you through the entire process, from choosing the right legal structure to completing the necessary paperwork. We will ensure that all requirements are met, and your company is set up in compliance with local regulations.
- Consultation: The first step is to schedule a consultation with our team. During this meeting, we will discuss your business goals and objectives to determine the best course of action for setting up your offshore company in Ajman.
- Documentation: Once we have all the necessary information, we will assist you in preparing the required documentation for your offshore company license application. This includes submitting the memorandum and articles of association, proof of identity, and proof of address.
- License Application: We will submit your offshore company license application to the relevant authorities in Ajman. Our team will follow up on the progress of your application and keep you informed every step of the way.
- Company Registration: Upon approval of your offshore company license, we will assist you in registering your company with the Ajman Free Zone. This includes obtaining your trade license and establishing a corporate bank account.
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Types of Ajman Offshore Business Activities
Activities allowed for Ajman offshore company include, but not limited to the following
- Holding companies
- Commission agents
- General Trading companies
- Shipping and Ship management
- Stakeholding
- Professional services
- Advisory & consulting services
- Own properties
- International services
- Investments & Joint Investments company
Steps to Setup an Offshore Company in Ajman
Neeja Corporate Services offers comprehensive Ajman Offshore Company setup services, providing extensive guidance and support that can simplify the intricate steps of establishing an Offshore License in Ajman.
- Choose your company name & activities
- Find a registered agent
- Send in your application & documents
- Prepare your MOA & AOA
- Open your corporate bank account
1. Choose your company name & activities
The initial step for Ajman Offshore business setup is to determine company activities and reserve a name that fits your business and is neither offensive nor religiously or politically sensitive.
2. Find a registered agent
The registered agent will assist you with the communication and administrative work needed for Ajman Offshore Company setup.
3. Send in your application & documents
An important part of the Ajman Offshore Company setup process is to compile all the necessary documents based on the list above and submit them for review.
4. Prepare your MOA & AOA
Your company’s Memorandum of Association (MOA) and Articles of Association (AOA) must be notarized and translated into Arabic before they are submitted.
5. Open your corporate bank account
Opening a corporate bank account in offshore Ajman can provide your business with a competitive edge and help you navigate the complexities of international finance. By taking advantage of the tax benefits, asset protection, and global access offered by Ajman, you can position your company for long-term success in the global marketplace.
Benefits of an Offshore Corporate Bank Account in Ajman
There are several benefits to opening an offshore corporate bank account in Ajman. These include:
- Tax Savings: Ajman offers favorable tax rates for businesses, allowing them to reduce their tax liability and increase their bottom line.
- Asset Protection: Offshore accounts in Ajman can provide an extra layer of protection for businesses’ assets against legal actions and creditors.
- Confidentiality: Offshore banking in Ajman offers a high level of confidentiality and privacy for businesses and their financial transactions.
- Access to International Markets: With an offshore account in Ajman, businesses can easily access international markets and conduct business in different currencies.
Opening an offshore corporate bank account in Ajman can provide numerous benefits for businesses looking to expand internationally. With its strategic location, stable political environment, and business-friendly regulations, Ajman is an ideal destination for businesses seeking to take advantage of offshore banking services.
Why Choose Us
Neeja Corporate Services is one of the leading consultants and solution providers for licensing, business incorporation, and other related activities. With the right set of expertise and experience, we help entrepreneurs and business owners acquire licenses and registration in a short span of time.
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FAQ - Frequently Asked Questions on Company Setup in Ajman Offshore
Ajman offshore companies enjoy a plethora of benefits including tax exemptions and unrestricted repatriation of capital and profits. There is also no restriction on foreign ownership. The registration process is very quick that we can get your company incorporated even within a day, and a maximum of 2 days. Ajman offshore strategic location advantages are plenty. Because it is situated at the gateway to Arabian Gulf, the west and east markets can be easily accessed. The cost of incorporation is also very cheap, perhaps the cheapest among all other freezones.
No, it is not a mandatory that you should have an office or industrial space for Ajman Offshore Companies. We will help you find one if your business requires.
The incorporation fee keeps changing with time and updates. For more accurate information, we suggest you consult our company formation experts. They will provide you with the latest policies and charges involved in Ajman Offshore company formation.
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