An offshore corporation in the Ajman Free Zone welcomes a variety of business ventures and provides innovative infrastructure. Alternatives to Ajman offshore business setup that are allowed here include holding companies, trading, and consulting. The free zone also expands quickly – certain sectors have grown by 45%.
An offshore company is typically used for holding companies, international shipping, patents, international consultancy, copyright registration, and real estate ownership. There are three primary areas in the United Arab Emirates where most people prefer to establish offshore businesses, which are – the Ajman Free Zone (AFZ), Jebel Ali Free Zone (JAFZA), and Ras Al Khaimah International Corporate Centre (RAK ICC).
Advantages of Ajman Offshore Business Setup
Here are some of the advantages of Ajman Offshore business setup –
Confidentiality
Offshore businesses are exempt from public record-keeping requirements for financial data and the personal information of their directors and shareholders. Furthermore, audits of offshore companies are not necessary.
Fewer Liabilities
You can be sure that an offshore corporation will have its assets and possessions safeguarded in the event of legal action. They also protect investors by erecting a legal barrier between the company’s assets and outside parties.
International Expansion
Establishing an offshore corporation with a UAE address will provide instant credibility to the business and open up new grounds for international collaboration and activity. It will also enable you to create a bank account in the United Arab Emirates, providing you with uique access to na variety of currencies and international transactions.
Tax Incentive
The United Arab Emirates imposed a 9% business tax rate in 2023. On the other hand, offshore corporations are not subject to this tax since they are not permitted to conduct business within the nation.
Set Up Business in Ajman Offshore
Decide on Your Business Name and Activities
Establishing your company’s activities and reserving a name that suits your enterprise and isn’t derogatory or politically or religiously sensitive are the first steps in setting up an offshore business in Ajman.
Locate a Registered Representative
Your registered agent will help you with the paperwork and correspondence required to incorporate an offshore company in Ajman.
Submit Your Paperwork and Application
Gathering and submitting all required documentation based on the above list is crucial in forming an Ajman Offshore Company.
Get Your AOA and MOA Ready
Before submission, the Arabic translation and notarisation of your company’s Memorandum of Association (MOA) and Articles of Association (AOA) are required.
Open a Corporate Bank Account
Create an Ajman Free Zone bank account for your offshore company’s corporate transactions. Your company application must be submitted with the bank paperwork as well.
Types of Business in Ajman Offshore
- General Trading
- Holding Company
- Real Estate Company
- International Services
- Commission Agent’s Company
- Shipping and Maritime Businesses
- Intellectual Property Holding Company
- Wealth Management and Family Offices
- Consulting and Service Providing Company
Set Up Your Ajman Offshore Company with AIMS UAE
AIMS UAE – As your local partner, I will assist you in forming a company in Ajman Offshore. This is because you might encounter some complexities and challenges while setting up your business in the area, and we, as the best business formation company in UAE, can help you understand and overcome those challenges with our up-to-date knowledge.
We are a team of business setup consultants and PRO executives, and our expertise in Ajman offshore company establishment guarantees a smooth procedure. Hence, we assure you that your business setup at Ajman Offshore will go smoothly with us!
We will build your business from scratch and walk you through the entire process for a successful setup. Contact us now for better and more extensive guidance on setting up a business in Ajman Offshore.
