Ajman Offshore Company Formation for French Entrepreneurs
- The Ajman Government introduced offshore company regulations in 2014, making it easy and cost-effective to form an Ajman Offshore company.
- This setup is highly reputed among international investors for its flexible ownership structure and regulatory advantages.
- Offshore companies can open bank accounts in multiple currencies, ensuring financial flexibility for cross-border trade. Ajman offshore companies must be registered through a registered agent to comply with UAE laws.
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These entities cannot rent office space in the UAE or engage in banking and insurance activities.
- However, they can own real estate properties and hold shares in onshore LLCs, making them ideal for asset protection and expansion strategies.
- Shareholder and director names remain confidential and are not listed on public registers, ensuring privacy.
- Since 2019, companies must comply with Economic Substance Regulation (ESR) requirements and submit notifications to the UAE Ministry of Economy.
- Ajman offshore companies are exempt from VAT, making them a cost-effective choice for French investors exploring business opportunities in the UAE.
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 form an Ajman offshore company. Both individuals and corporate entities (including foreign companies) can act as shareholders. For foreign corporate entities, all documents must be attested and verified.
Director is Mandatory: Your offshore company must have at least one director. Director names remain confidential and are not disclosed publicly, ensuring privacy and data protection.
Secretary is Compulsory: A company secretary is required for Ajman offshore companies to ensure smooth corporate governance, similar to JAFZA offshore requirements.
Shareholder names are not displayed on public registers, offering full privacy for owners and investors.
These minimal and flexible requirements make Ajman Offshore Company Formation a cost-effective and business-friendly choice for French investors looking to expand their global business presence.
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 process for French investors looking to set up 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® provides complete company registration services across the UAE. We specialise in Mainland, Free Zone, and Offshore company setups in all Emirates, including Ajman. With strong connections to UAE Government Departments and leading banks, we ensure a smooth, fast, and hassle-free business setup experience for our French clients.