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Ajman Offshore

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Ajman Offshore Company Formation & Business Setup

Ajman Offshore

Over the past few years, hundreds of business owners have set up their businesses in Ajman Free Zone. This free zone was initiated in the year of 1988 and has been a source of extreme industrial development in the UAE. The benefits of setting up business in this region have attracted several business owners, and this has dramatically improved the financial sector of the UAE. Business owners can earn a massive profit on their investments, and that’s the primary reason why business owners are moving towards Ajman offshore. We at Idea Bizone help companies set up your company and sell their services in Ajman Free Zone without any hassle-free process. We are one of the registered agents of Ajman Free Zone and have been associated with them for so long.

Why Choose Ajman Offshore?

The business setup or company creation in Ajman offshore was permitted in 2014. This region has everything to provide, whether a zero tax on goods and services or absolute privacy. Not only that, but the amount needed to set up a company in UAE is inexpensive and also takes just a few days to complete all the registration process and get the license. Let’s see the benefits of having your company set up in Ajman Offshore:
  1. The speedy and less time-consuming registration process to set up a company in Ajman Offshore. Among all other free zones in UAE, this one is the most cost-effective free zone.
  2. The free zone allows you to create bank accounts and then keep up with them whether the bank account is in the UAE or outside of it.
  3. There is zero tax in Ajman Offshore free zone company.
  4. Complete foreign ownership is allowed for a company created in the Ajman offshore free zone.
  5. Ajman offshore is one of the most esteemed jurisdictions.
  6. The registration process for setting up a company in Ajman offshore does not take more than four working days.
  7. Privacy is always the first concern of Ajman offshore; the information of directors and shareholders is never made public.
  8. Complete repatriation of profit and capital is permitted for Ajman offshore company setup.
  9. The best part is that Ajman offshore does not require you to have an office building in the UAE.
  10. No paid-up share capital is allowed.

Company Formation in Ajman Offshore

To set up your business in Ajman offshore, specific requirements need to be filled in along with submitting some documents. Let’s see them in detail:

Requirements to Set Up Company in Ajman Offshore

  1. At least one shareholder must be associated with your business entity. Individual or corporate shareholders are allowed.
  2. Shareholders related to your business decide the capital or investment formation of the company.
  3. The directors associated with your company can only be individuals. Corporate directors are not allowed, and at least two directors must be related to your business.
  4. The designation of shareholder and director can be achieved in the company as well.
  5. The requirement of a secretary for an offshore company is a must. One of the two directors can also serve as a secretary in the company.
  6. Either authorized attorneys or shareholders must be present while the registration process occurs. They must sign all the documents in the presence of Ajman Free zone officials.
  7. Remember, the address of the official company’s agent will be used as a company’s address. Also, the agent must be registered. An appointment will also take place with this registered agent of the company.
  8. All the companies working in Ajman offshore must end their name with “Limited.”
  9. A company operating in Ajman offshore can possess at least three companies.
  10. The companies operating in Ajman free zone are not permitted to get engaged in anything outside this. They can not start a business with anyone outside the Ajman offshore free zone. Companies can only do business with other companies located within the Ajman offshore region.
  11. The shareholders can invest anywhere in the UAE.
  12. The shareholders are not eligible to get a UAE resident visa if they only have a company in Ajman offshore.
To proceed with the further procedure, let’s see the document list needed to finish the procedure:

Documents Required to Set Up Company in Ajman Offshore

  • Passport copy of shareholders. All the shareholders need to share their passport copies.

  • The owner must have an authorized UAE visa. If not, then an entry stamp copy page is also allowed.

  • Residence proof of each shareholder must be submitted.

  • Each shareholder needs to share their resume with all details mentioned on it.

  • The bank issues a Good Standing letter, and each shareholder must also submit that.

If the shareholder is not an individual but a corporate person, then the following requirements need to be fulfilled:

  • Must share the incorporation certificate of the parent company

  • All Articles of Association along with the Memorandums

  • A Good Standing certificate issued by the bank

  • They have authorized passport copies of directors. Since there are two directors, then both must submit their passport copies.

  • Board resolution saying as much same as the Ajman Offshore company creation.

Offshore Company In Ajman

Steps for Setting Up an Offshore Company In Ajman

If you want to set up your company or business in Ajman, the process will take you a few weeks. You’d need to follow simple steps to get your company registered and running. At Idea BiZone, we are here to help you through the process of Ajman Offshore company setup. Follow the steps given below.

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1. Decide the Trade Name for Your Business

The first step to setting up your Ajman offshore company is to choose your business trade name. You need to ensure that the name you select falls within the UAE business regulations and rules.

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2. Select the Legal Structure

Next, you need to decide upon the legal structure of your business. In the UAE, different business legal structures are offered. You need to determine the one that suits you best.

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3. Decide the Business Activities

You also need to know the business activities that your business will conduct. At this stage, you need to decide your business activities, number of shareholders, etc.

Get Initial Approval

4. Collect the Necessary Documents

Along with the application, you need to collect the required documents to set up your offshore company in Ajman. These documents are mentioned above.

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5. Submit Documents to Relevant Authorities

After the application is complete and the necessary documents are attached, you must submit them to the relevant authority and get their approval.

Apply for business license

6. Receive the Certificate of Incorporation and Start Your Business

After the approval is granted, you will get your business’s certificate of incorporation. With this, you can now begin your business.

How to Get a License for Ajman Offshore

There are a few steps that you need to see to get a license for the company. Let’s see what these are:
  1. Write a license application and submit it to the Customer Services Center. This is required to get initial approval.
  2. Select the best suiting office location and inform the Inspection unit about this location.
  3. Attain a Membership certificate.
  4. Submit the documents mentioned above to the Register of companies as well.
  5. Pay all the amount or fee.
  6. Obtain the business license.

Activities Allowed in Ajman Offshore

The following activities are allowed in Ajman Offshore:
  • International Services
  • Companies in Ajman offshore can work as commission agents as well. For example, intermediary brokers.
  • A company in Ajman offshore can also be a holding business
  • Professional services
  • General Trading
  • Ship and shipping management
  • Joint investment and investment companies
  • Property owning company (such as freehold properties)
  • Consulting services
  • Advisory services

Why Choose Idea Bizone?

Idea Bizone helps in setting up your business in the UAE. We make the process fast, easy, and very effortless for a business owner. We do all the paperwork for the business owner and make sure that their client does not go under stress. Our customer service is speedy, and you can get help at any time.

 

Whether it is your registration or licensing process, some professional help is needed. Also, if you are worried about your visa, Idea Bizone is just there to help. We recommend you give us a chance and see your business reaching sky height.

Make Appointment

Get a Professional Quote

Conclusion

Setting up your business in Ajman offshore is a good idea with no tax and a quick and easy procedure. We have listed all the requirements, documents, and everything you will go through while setting up your company. If you are concerned about the process and find it challenging, contact us to make the company setup procedure without any worries.

IDEA BIZONE ensuring your dream business possibe in United Arab Emirates 

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  • info@ibzcommercial.com
  • (+971) 04 5689289

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