Business Setup For Ajman Offshore Company

A To Z Guide For Company Formation For Ajman Offshore Company

Overview About Ajman Offshore Company

  • Ajman Government introduced regulations in 2014 for offshore company formation inside Ajman free zone.
  • Ajman offshore maintains high reputation with international financial authorities.
  • 100% foreign ownership is allowed.
  • Bank account of an offshore company registered with RAKEZ can be opened in multi currencies.
  • Ajman offshore company can only be registered through a registered agent.
  • Ajman offshore company is not allowed to rent an office location in UAE.
  • Ajman offshore company cannot conduct banking and insurance business.
  • Ajman offshore company is allowed to own real estate.
  • Ajman offshore companies are allowed to own shares in onshore LLC.
  • Names of share holders and directors are not displayed on public register.
  • Since 2019, it is mandatory to submit ESR notification for all offshore companies as per ministry of economy.
  • Offshore company does not fall under VAT levied by Government.

Key Benefits of Registering Ajman Offshore Company

  • Asset protection
  • Succession planning
  • Privacy and Anonymity
  • Low operational cost
  • Operational bank account in multi currency
  • Invoicing internationally for trading and services businesses
  • Owning freehold real estate in Dubai
  • Owning shares in mainland LLC

Popular Business Activities in Ajman Offshore Company

  • Property holding
  • Asset or share holding
  • Investment holding in form of stocks, precious metals and funds
  • International trading
  • International consultancy services
  • Holding IP rights

Minimum Legal Requirements for Ajman Offshore Company

  • Minimum one share holder is required.
  • Corporate company can also be a share holder in an offshore company. However all attested documents are required for a foreign corporate company.
  • Having director is must in an offshore company. Director names are not available in public domain.
  • Appointment of secretary is must in JAFZA offshore.
  • Share holders names are not available on public domain.

Documents Required to Register Ajman Offshore Company

  • Passport copy
  • Utility bill clearly showing name and address not older than 90 days
  • Bank reference letter from any recognised bank or bank statement
  • CV for the share holder
  • Business plan
  • Duly filled in application form
  • Any other compliance process adopted by an authority or registered agent

Special Note

  • An offshore company registered in Ajman is not allowed to conduct any business inside UAE.
  • An offshore company registered in Ajman is allowed to own asset inside United Arab Emirates.

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