Set Up Your
Offshore Company in Ajman Free Zone
An offshore company within Ajman Free Zone boasts modern infrastructures and accommodates various business ventures, including trading, consultancy, and holding companies. This free zone experiences rapid growth, with specific sectors witnessing a remarkable 45% increase. Offshore companies are typically utilized for international trade, shipping, patents, consulting, real estate ownership, copyright registration, or as holding entities. In the UAE, three primary territories are favored for offshore company formation: Ras Al Khaimah International Corporate Centre (RAK ICC), Jebel Ali Free Zone (JAFZA), and Ajman Free Zone (AFZ). Each offers distinct advantages and contributes to the dynamic business landscape of the region.
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Advantages of Setting Up Your Offshore Company
Confidentiality
Offshore companies do not need to disclose financial information or directors' and shareholders' details publicly, nor undergo mandatory audits.
Fewer Liabilities
Offshore companies ensure asset protection, safeguarding possessions from legal claims and creating a legal barrier between company assets and third parties.
Avenue to International Expansion
Creating an offshore company with a UAE address boosts business credibility and facilitates opening a UAE bank account.
Tax Incentives
In 2023, the UAE introduced a 9% corporate tax rate, but offshore companies, not operating within the country, are exempt.
Ajman Free Zone (AFZ)
Ajman Free Zone provides modern facilities for onshore and offshore businesses like trading, consultancy, and holding companies, fostering rapid growth.
- Nearby the ports of Ajman, and the airports of Dubai and Sharjah.
- Incorporating an offshore company in Ajman Free Zone can be completed in just a few days.
- Ajman Offshore Company formation enables entrepreneurs to possess shares in UAE free zone companies and LLCs.
- An Ajman Free Zone Offshore Company does not necessitate physical offices.
- Affordable offshore incorporation choice.
Types of Offshore Companies in Ajman Free Zone
Mainland and free zone companies provide business licenses, while offshore companies in Ajman Free Zone are not eligible for licenses.
Holding Company
General Trading
Professional Services
International Services
Investments
Shipping & Ship Management
Advisory & Consulting Services
Property Owning
Brokerage
Online Advertising
Requirements for Setting Up an Offshore Company in Ajman Free Zone
- Application Form
- Passport Copies of Shareholders
- Copy of UAE Entry Stamp Page
- Original Bank Reference Letter from all Shareholders
- Proof of Residency for all Shareholders
- Curriculum Vitae or Profile of Shareholders
- If shareholders are corporate bodies, submit these additional documents: Board Resolution awarding Power of Attorney, Certificate of Incorporation, Certificate of Good Standing, and Memorandum of Association
Cost of Setting Up an Offshore Company in AFZ
This rate may vary depending on factors such as business activities, shareholder count, office space needs, and other considerations.
Similar to RAK ICC, Ajman offshore company formation services can commence at USD 2,050 or AED 7,500.
Explore Monthly Payment Plans with Selected Banks
Steps
- Make a minimum purchase of AED 1,000 using your credit card for any services provided by Firmz.
- Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
- Get the option of paying over 3, 6, 9 or 12 months
Steps in Setting Up Your Offshore Company in Ajman Free Zone
Firmz provides thorough Ajman Offshore Company formation services, offering extensive support to simplify the intricate steps of establishing one.
Choose your company name & activities
To initiate Ajman Offshore business setup, define company activities and reserve a suitable name, avoiding offense or sensitivity.
Find a registered agent
The registered agent aids in communication and administrative tasks essential for Ajman Offshore Company formation.
Send in your application & documents
A crucial step in Ajman Offshore Company formation is gathering and submitting all required documents for review.
Prepare your MOA & AOA
Prior to submission, your company's Memorandum of Association (MOA) and Articles of Association (AOA) must undergo notarization and translation into Arabic.
Open your corporate bank account
Conclude by opening a bank account for corporate transactions of your Ajman Free Zone Offshore Company, including bank documents with your application.