Business Setup

 

Ajman Offshore Company Formation

Established in the year 1988, Ajman offshore is run under the regulation of Ajman Free Zone Authority (AFZA). Ajman offshore has always been the primary choice for investors because of the reputation of AFZA, especially for setting up SMEs and startups. Even being the smallest emirate in the country, Ajman has the ideal location, lying on the coast of the Arabian Gulf, between the emirates of Sharjah and Umm Al Quwain. Both Ajman port and Ajman free zone are the major contributors to the emirate’s economy. Business incorporation can be done in a jiffy and is cost-effective as well. Company registration only takes few days here.

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Ajman Offshore Company Setup

Ajman offshore offers a variety of business options for investors. It is wise to look into the business activities that the offshore offers before deciding on setting up a company here. Ajman offshore company formation is one of the simplest processes, once you decide on the type of business activity you wish to undertake. Here is a list of business activities permitted in the Ajman offshore:

  • General trading license
  • Trading license
  • Consultancy or service license
  • Holding or investment company

Apart from the types of business activities, one should also know about the benefits the offshore puts forward:

 

  • 100% ownership for foreign nationals
  • Complete repatriation of profits
  • Complete confidentiality
  • No currency restrictions
  • Cost-effective company incorporation and maintenance
  • No physical entity required
  • No need to submit audit reports
  • No residence visa required
  • Can hold properties

How to set up a company in Ajman offshore?

 

The first step is to determine the type of business activity you wish to carry out. A minimum of one and a maximum of five directors are allowed to set up a company in Ajman offshore. The need for a registered agent is mandatory for the company incorporation process. The registered agent’s address must be the same as the address of the company that is to be incorporated. Along with the application for company incorporation, the following documents are also to be submitted:

 

  • Passport(s) copy of each shareholder
  • Proof of residence of each shareholder (in English)
  • Bank statement

he company incorporation process will be completed in approximately 2 to 3 working days

 

 

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