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Ajman Offshore Company Formation for Indians — Register Offshore Company in UAE

A To Z Guide For Company Formation For Ajman Offshore Company

What is Ajman Offshore Company — Key Facts for Indian Investors

  • The Ajman government brought in new offshore company regulations back in 2014, making it a whole lot easier and a heck of a lot cheaper to set up an Ajman Offshore company. This option has a top notch reputation with international investors because of its super flexible ownership structure and regulatory benefits.
  • Offshore companies can open bank accounts in any number of currencies : meaning they're super flexible when it comes to trading across borders.
  • To get an offshore company in Ajman, you have to go through a registered agent, which keeps everyone on the same page with UAE laws.

  • The ones thing you can't do with an offshore company in Ajman is rent an office space in the UAE or get into banking and insurance - but you can still own property and buy shares in onshore LLCs, which makes them pretty great for asset protection and expansion plans.

  • The names of shareholders and directors are private and not on any public registers, which is just a bit of extra security and discretion.
  • As of 2019, the UAE Ministry of Economy has made it mandatory for Ajman offshore companies to comply with the Economic Substance Regulations (ESR) - which basically just means they have to submit their notifications.
  • Importantly, since 2019 offshore companies in Ajman are exempt from VAT, which makes them a very good choice for Indian investors eyeing up the UAE market.
Overview about ajman offshore company

Key Benefits of Ajman Offshore Company for Indian Entrepreneurs

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 — What Indians Need to Know

 

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.

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 for Ajman Offshore Companies

 

Property holding

 

Asset or share holding

 

Investment holding in form of stocks, precious metals and funds

 

International trading

 

International consultancy services

 

Holding IP rights

Important Notes for Indian Investors — Ajman Offshore Company
 

 

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.