Offshore Company Formation In Ajman

A To Z Guide For Company Formation For Ajman Offshore Company

Overview About Ajman Offshore Company

  • The Ajman Government introduced offshore company regulations in 2014, facilitating easy and cost-effective Ajman Offshore company formation. This option is highly reputed among international investors due to its flexible ownership structure and regulatory advantage
  • 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, ensuring compliance with UAE laws.
  • These entities cannot rent office space in the UAE or engage in banking and insurance activities.

  • However, they can own real estate and hold shares in onshore LLCs, making them ideal for asset protection and expansion strategies.
  • Names of shareholders and directors are kept confidential and are not listed on public registers, ensuring privacy.
  • Since 2019, Economic Substance Regulation (ESR) compliance and notification submission have been mandatory, as required by the UAE Ministry of Economy.
  • Offshore companies in Ajman are exempt from VAT, making them a cost-effective choice for Indian investors exploring the UAE market.
Overview about ajman offshore company

Key Benefits of Registering Ajman Offshore Company

1

Asset protection

2

Succession planning

3

Privacy and Anonymity

4

Low operational cost

5

Operational bank account in multi currency

6

Invoicing internationally for trading and services businesses

7

Owning freehold real estate in Ajman

8

Owning shares in mainland LLC

Minimum Legal Requirements for Ajman Offshore Company Formation

 

Minimum One Shareholder: One shareholder is required. Both individuals and corporate entities (including foreign companies) can be shareholders, provided all attested and verified documents are submitted for foreign corporate entities.

 

Director is Mandatory: Offshore company must have at least one director. Director names are kept confidential and not disclosed publicly, so private and data protected.

 

Secretary is Compulsory: A company secretary is required for Ajman offshore companies, just like JAFZA offshore, for smooth corporate governance.

 

Confidentiality: Shareholder names are not displayed on public registers, so fully private for owners and investors.

 

These minimal and flexible requirements make Ajman Offshore Company Formation a cheap and business friendly option for Indian investors 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 Indian 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® Services: 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.