Offshore Company Formation In Ajman

A To Z Guide For Company Formation For Ajman Offshore Company

Ajman Offshore Company Formation Overview

  • Ajman Government introduced offshore company regulations in 2014 making it easy and cost effective to form an Ajman Offshore company. This is highly popular among international investors due to its flexible ownership structure and regulatory advantages.
  • 100% foreign ownership is allowed, so Pakistani entrepreneurs have full control over their UAE based business.
  • Offshore companies can open bank accounts in multiple currencies for cross border trade.

  • Ajman offshore companies must be registered through a registered agent to comply with UAE laws.

  • They cannot rent office space in the UAE or engage in banking and insurance activities.
  • But 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 not listed on public registers, so private.
  • Since 2019 Economic Substance Regulation (ESR) compliance and notification submission is mandatory as per UAE Ministry of Economy.
  • Ajman offshore companies are exempt from VAT, so a cost effective option for Pakistani investors to enter 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.

 

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 full privacy for owners and investors.

 

These minimal and flexible requirements make Ajman Offshore Company Formation a cheap and business friendly option for Pakistani 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 make the registration process easy for Pakistani investors to form 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 do business in UAE.

 

Asset Ownership: Despite above, an Ajman offshore company can own assets in UAE, such as real estate and shares in onshore companies.

Flyingcolour® Services: Flyingcolour® offers services for all types of company registrations across UAE. 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 make the process smooth and hassle free for our clients