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Ajman Offshore represents an emerging choice for offshore business setups, accommodating diverse business types that do not require a physical local office, including passive investment activities.

Benefits of Setting up an Offshore Company

– Confidentiality: Shareholders and directors information is not publicly disclosed.
– Registered Office Address: Provided through an Authorized Agent nominated by the offshore jurisdiction.
– 100% Foreign Ownership: No requirement for an Emirati partner.
– 100% Ownership: Complete ownership of the company.
– Tax Advantages: No Corporation tax, VAT, or Income Tax.
– Personal Income Tax Exemption: Individuals enjoy tax exemptions.
– Profit and Capital Transfer: Full transfer of profits and capital.
– Bank Account Opening: Possibility to open bank accounts in the UAE.
– No Residence Visas: Not mandatory for shareholders or directors.
– No Auditing Required: Exemption from auditing requirements.
– Foreign Currency Restrictions: None imposed.
– Office Space Requirement: Not obligated to rent office space.
– Privacy: Directors’ and shareholders’ privacy is maintained.
– Double Taxation Treaty: Firms benefit from treaties between the UAE and trade partners.

Types of Companies Available for Establishment

  • Intellectual Property Holding
  • Shareholding in International, Local, or Free Zone Companies
  • Investment Company Operations
  • Trading Activities beyond the UAE
  • Commission Agency Services
  • Property Ownership
  • General Trading Operations
  • Advisory and Consultancy Services
  • International Service Provision
  • Professional Services Offerings
  • Shipping and Maritime Operations

Ajman Offshore Company Formation

The Ajman Free Zone stands as a beacon for global entrepreneurs, drawing in foreign investors from across the globe since its establishment in 1988. Evolving into a self-governing entity in 1996, it has consistently captivated countless business enthusiasts seeking opportunities within its bounds. Boasting a comprehensive array of amenities tailored to nurture startups of every kind, the Ajman Free Zone provides an optimal environment for burgeoning enterprises to flourish within the realm of international commerce.

Presently, the visionary regional administration of Ajman is steering investments towards the expansion of this thriving hub, with ambitious plans to accommodate approximately 1500 companies. Positioned strategically, Ajman’s locale offers unparalleled access to both western and eastern markets, making it an irresistible magnet for investors hailing from India and beyond. Complementing this advantageous positioning are the four ports and two international airports of Ajman, collectively capable of servicing up to 100 ships annually, further enhancing its appeal as a premier destination for global trade and investment.

Essential Details for Establishing an Ajman Offshore Company

  • Three distinct company names comply with the UAE’s business name selection criteria, ensuring uniqueness and adherence to regulations.

    A minimum share capital of approximately AED 10,000 is required to establish the company, meeting financial prerequisites.

    A precise delineation of the offshore company’s business activities is mandatory, outlining its operational scope and objectives within the defined regulatory framework.

    Complete details of the company’s shareholders, including their names, personal information, and the number of shares held, must be provided, ensuring transparency and accountability.

    The professional background of the appointed company secretaries and directors should be furnished, demonstrating their qualifications and expertise in managing corporate affairs effectively.

    If the shareholders are corporate entities, specific documentation is essential, including a board resolution authorizing the issuance of a Power of Attorney, the Incorporation Certificate, a Letter of Good Standing, and the Memorandum of Association, ensuring legal compliance and legitimacy.

    Furthermore, shareholders are required to sign the offshore company incorporation documents in the presence of an authorized Ajman Free Zone Representative, ensuring procedural integrity and legal formalities are duly observed.

Necessary Documentation

  • – Valid passport copies of all shareholders of the offshore company are required.
    – A copy of the UAE entry stamp page is necessary for each shareholder.
    – An original home bank reference letter issued by each listed shareholder is mandatory.
    – Proof of shareholdership, such as utility bills or bank statements, must be provided.
    – Personal profiles or CVs of the shareholders should be included.
    – All required Ajman Offshore Company formation documents must be attested and notarized by the Ministry of Foreign Affairs and the UAE Embassy.

    Upon successful formation of the Ajman Offshore Company, the following documents are issued:
    – Share certificates
    – Register of company shareholders/secretary/directors
    – Articles and memorandum of association
    – Signed incorporation certificate
    – Company stamp

    Ajman offshore companies are permitted to engage in various activities, including:
    – Consulting and advisory services
    – Public trading services
    – Buying, holding, and selling shares
    – Property ownership under UAE law
    – Provision of international services
    – Commission agent services

    The Ajman Free Zone continues to foster business growth while upholding international trade principles and safeguarding investor interests. Ajman Offshore Company formations offer benefits such as privacy, asset protection, and 100% foreign ownership, making them particularly appealing to Indian investors seeking collaboration with local sponsors. Additionally, acquiring an Ajman Offshore Company from India without physical business operations in Ajman or wider UAE jurisdiction is feasible.

    Ensuring compliance with UAE government regulations for company formation is crucial for the growth and success of businesses in Ajman. For expert guidance on selecting the appropriate business license in Dubai or elsewhere in the UAE, and assistance with business formation processes, rules, and requirements, consider consulting with Bizvise for comprehensive business counseling and support.

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