Ajman Offshore Company Setup in Dubai
- The Ajman Government introduced offshore company regulations in 2014, making Ajman Offshore company formation easy and cost-effective for Australian investors. This option is highly reputed among international businesses due to its flexible ownership structure and regulatory advantages.
- Ajman offshore companies can open bank accounts in multiple currencies, ensuring financial flexibility for cross-border trade.
- Registration must be done through a registered agent to ensure compliance with UAE laws. These entities cannot rent office space in the UAE or engage in banking and insurance activities.
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However, they can own real estate and hold shares in onshore LLCs, making them ideal for asset protection and expansion strategies for Australian businesses.
- Names of shareholders and directors remain confidential and are not listed on public registers, ensuring privacy for Australian investors.
- Since 2019, Economic Substance Regulation (ESR) compliance and notification submissions have been mandatory as required by the UAE Ministry of Economy.
- Ajman offshore companies are exempt from VAT, making them a cost-effective choice for Australian entrepreneurs exploring the UAE market.
Key Benefits of Registering Ajman Offshore Company
Asset protection
Succession planning
Privacy and Anonymity
Low operational cost
Operational bank account in multi currency
Invoicing internationally for trading and services businesses
Owning freehold real estate in Ajman
Owning shares in mainland LLC
Minimum Legal Requirements for Ajman Offshore Company Formation
Minimum One Shareholder: At least one shareholder is required to set up an Ajman offshore company. Both individuals and corporate entities, including Australian companies, can be shareholders, provided all attested and verified documents are submitted for foreign corporate entities.
Director is Mandatory: An offshore company must have at least one director. The names of directors are kept confidential and are not disclosed publicly, ensuring privacy and data protection for Australian investors.
Secretary is Compulsory: A company secretary is required for Ajman offshore companies, similar to JAFZA offshore structures. This ensures smooth corporate governance and compliance with UAE regulations for Australian businesses.
Confidentiality: Shareholder names are not displayed on public registers, ensuring complete privacy for Australian business owners and investors.
These minimal and flexible requirements make Ajman Offshore Company Formation a cost-effective and business-friendly option for Australian investors looking to expand their business globally.
Essential Documents Required for Ajman Offshore Company Registration
Passport Copy: Clear copy of the shareholder’s passport which should not be expired.
Recent Utility Bill: Utility bill (electricity or water) showing the shareholder’s name and address, issued within 90 days.
Bank Reference Letter or Bank Statement: Letter from a recognized bank verifying the shareholder’s financial status or bank statement.
Shareholder CV (Curriculum Vitae): Summary of the shareholder’s professional and educational background showing relevant expertise.
Detailed Business Plan: Business activities, objectives, market strategies and operational plans for the offshore company.
Duly Filled Application Form: Official offshore company registration form filled and signed.
Additional Compliance Documents: Any additional documents or process required by Ajman Free Zone Authority or a registered agent to comply with the regulations.
These documents will ensure a hassle free registration for Australian investors to setup an Ajman Offshore Company.
Popular Business Activities in Ajman Offshore Company
Property holding
Asset or share holding
Investment holding in form of stocks, precious metals and funds
International trading
International consultancy services
Holding IP rights
Special Note
Business Activity: An offshore company in Ajman cannot carry out business activities in the United Arab Emirates.
Asset Ownership: Despite the above, an Ajman offshore company can own assets within the United Arab Emirates, such as real estate and shares in onshore companies.
Flyingcolour® offers services for all types of company registrations across the United Arab Emirates. We specialise in Mainland, Free Zone and Offshore company setups in all Emirates, including Ajman. We have connections with all Government Departments and banks to ensure a smooth and hassle free setup for our clients.