Ajman Offshore boasts a modern infrastructure that encourages businesses to operate in the UAE. Governed by the Ajman Free Zone Authority (AFZA), it provides advantages to international investors.
- 100% Foreign Ownership
- No Annual Audits
- Access to Bank Accounts
- No Residence Visa Needed
- Cost-Effective Registration Process
- Secure Transfer of Profits and Capital
- Low Tax Responsibilities
- Privacy for Directors and Shareholders
YUGA Accounting & Tax Consultancy takes pride in its years of experience assisting investors in establishing their businesses in Ajman Offshore. We guide you through the entire process, ensuring a quick and easy business setup experience from start to finish.
Business Activities Permitted in Ajman Offshore
Ajman Offshore allows several business activities, such as:
1) Professional Services
This category encompasses a diverse range of fields, consulting ,including legal, accounting, and engineering services.
2) General Trading
General trading includes the import, export, and re-export of a wide array of products and commodities. Companies can conduct trading operations seamlessly within the offshore jurisdiction from consumer goods to industrial equipment.
3) Investment and Joint Investment Companies
Ajman Offshore offers avenues to establish investment and joint investment companies. These entities can engage in diverse investment activities, including real estate, stocks, bonds, and other financial instruments.
4) Stake holding
Ajman Offshore permits companies to engage in stake holding activities, allowing them to invest in other businesses or hold shares in various ventures.
Required Documents and Steps to Obtain Your Business License in Ajman Offshore
Starting a business in Ajman Offshore has never been simpler. Here is a step-by-step guide on the documents you need to have ready and how to initiate the process:
Required Documents
- Passport Copies of All the Shareholders
- Curriculum Vitae or Profile of Shareholders
- Original Bank Reference Letter from all Shareholders
- Proof of Residency for all Shareholders
- Copy of UAE Entry Stamp Page
Steps to Get Your Business License
- Choose Your Company Name & Activities
- Prepare your MOA & AOA
- Send in Your Application & Documents
- Find a Registered Agent
- Open Bank Account
Ajman Offshore Company Requirements
1) Investment
Shareholders are allowed to invest in UAE companies.
2) Dual Role
An individual can take both director and shareholder positions.
3) Share holders
A minimum of one shareholder is needed, and corporate shareholders are accepted.
4) Company Name
The company’s name should conclude with “Limited”.
5) Directors
There must be two directors required, with no provision for corporate directors.
6) Business Scope
Business activities are confined to the Free Zone and cannot extend outside, including transactions within the UAE.
7) Capital Structure
Shareholders have the right to determine the capital structure of a company.
8) Physical Presence
Before AFZA executives, authorized attorneys or Shareholders must be physically present to sign documents.
9) Residence Visas
Based on the Ajman offshore company, UAE residence visas cannot be obtained.
10) Secretary
An offshore company must have one secretary, who can also fill the position of a director.
11) Registered Agent
An official registered agent must be appointed, and their office address will serve as the Ajman Offshore Company’s address.
12) Property Ownership
The company can own a maximum of three properties.