Setting Up A New Offshore Company in Ajman
Ajman Offshore Business Setup in UAE
In today’s globalized business environment, offshore company formations and free zones in uae have gained immense popularity among entrepreneurs and investors seeking tax advantages, asset protection, and business expansion opportunities.
- 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.
Advantages of Business Setup in Ajman Offshore
- Tax Advantage
- Asset Protection
- Business Expansion & International Presence
1. Tax Advantage
One of the primary reasons individuals and businesses choose for offshore business setup in ajman is the attractive tax regime. Offshore License in Ajman are exempt from corporate and income taxes, making it a tax-efficient option for international business operations. This tax optimization can lead to significant cost savings and increased profitability.
2. Asset Protection
Ajman offshore company formation provides robust asset protection mechanisms. The jurisdiction’s regulations ensure the confidentiality of company ownership and offer protection against potential lawsuits and creditors. By holding assets through an Ajman offshore company, individuals can safeguard their wealth and minimize risks associated with their personal and business assets.
3. Business Expansion & International Presence
Establishing an Ajman offshore company enables entrepreneurs and investors to expand their business activities globally. The jurisdiction allows for international operations, including opening offshore bank accounts, conducting trade, and entering into contracts with individuals and entities worldwide. This flexibility and global reach contribute to increased market access and business opportunities.
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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
Finally, open a bank account for the corporate business transactions of your Offshore Company in Ajman Free Zone. The bank documents must also be sent in along with the rest of your company application.
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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