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Ajman Offshore Company Formation

Ajman Offshore Company Formation

AJMAN OFFSHORE COMPANY FORMATION

An entrepreneur who wants to set up a business at UAE, must equip him with the good work knowledge of their free zones. It brings the benefits for a start-up as free zones are highly beneficial for their business setup.

The prominent UAE free zones conduct the industrial activities which are the Ajman Free Zone Authority (AFZ). This was established in 1988 and holds autonomous status by the Ajman ruler named as H.H. Sheikh Humaid Bin Rashid Al Naumi.

There are loads of businessmen at Ajman Free Zone Authority to carry out the Ajman Free zone company formation for developing its infrastructure.

The Ajman free zone has the geographic location of 25 minutes away from the International Airport. The business owners choose the 4 types of ownership as they form a company at Ajman Free Zone.

  • The Branch of a local company
  • The Free Zone establishment license
  • The Branch of a foreign company
  • The branch of a local company

The Offshore Company

Usually an offshore company would be a reference to:

  • A group, company or a division engaged with the offshoring business processes.
  • Legal entities or International Business Companies that are incorporated with the jurisdiction laws prohibiting local economic activities.

Benefits on Forming an Offshore Company in Ajman Free Zone

  • This usually has a 100% foreign ownership.
  • It includes 100% repatriation of profits and capitals.
  • Has low cost of company setup.
  • No requirements to rent an industrial place or office space.
  • The offshore Ajman agent’s legal address is the address of the offshore company.
  • No need for an annual audit.
  • No need for paid-up share capital.
  • The registration process is quite easy as the company set up documents can be delivered in a day.
  • The businesses in Ajman offshore company formation are allowed to purchase along with selling the property. They are even allowed to take ownership of property in the UAE, that has earlier approval of the land department.
  • The Ajman Free Zone is globally recognized.
  • The Offshore companies of Ajman can open a bank account.

Documents needed to Set Up an Offshore Company at Ajman Free Zone 

For proceeding with the Ajman offshore company setup, you usually require the following documents:

  • The shareholders clear passport copies.
  • The shareholders original proof of residence.
  • The shareholders original bank reference letter.
  • An English CV of each shareholder.
  • The application for setting up an Ajman offshore company and Memorandum of Association (MOA).

All these documents has to be submitted to the Ajman Free Zone Authority. This process may look simple and easy but if there is a loophole in any of the mentioned documents, that has to be cleared in a day or two and hence are good to go.

Activities for Ajman Offshore Company Formation

1. The use of General Trading

The first activity to do is the use of trading, when businesses are looking for trading activities only.

2. The Professional Services

The Companies of Ajman offshore would go for the professional services.

3. Company Stakeholding

The Ajman Free zone companies can hold stakes in other companies as well.

4. The Joint Investment Companies and Investments
5. Consultancy Services or Advisory
6. Brokers or Commission Agents

Benefits of Setting Up an Offshore Company in Ajman Free Zone

The Ajman Free Zone offers numerous benefits for their investors and entrepreneurs when they are looking to start an offshore company in Ajman:

Fastness of Release in Trade License

It is cost-effective to obtain a license in Ajman Free Zone. The process may also be hassle-free.

The fastness of trade license makes the Ajman free zone, an ideal place for the business formation. The one day process of documentation guarantees how well the feed zone is managed.

Visa Options

The visa are available at different packages to set up the business at Ajman. Three visas are allowed by the smart office package, while 5 visas are allowed by the executive office. Flex-desk packages can be used by the business owners, as this gives the entrepreneurs the equipment, the use of office space and other services like meeting rooms besides a permanent desk.

Low Barriers

The Ajman has the pro-business environment for the entrepreneurs to quickly set up the business with minimal fuss. There is no- requirement of providing the paid-up share capital to get the Ajman free zone company set up. They don’t even require any ongoing auditing or the requirements of bookkeeping.

Shareholders

One shareholder is minimally required to set up a business at Ajman. The new free zone companies have limited liability partnerships that allow up to 5 shareholders.

Various steps have to be undertaken to start an offshore corporation at Ajman. First you have to decide on a business activity. Then you have to collect the documents to get approvals. You have to open a bank account and apply for a visa.

You can opt to hire a consultant to do your registration process. We have a team of experts to guide you with the registration, company formation and counselling. You can contact us to get friendly advice on business-related queries.

Free-Zone Has Its Own Benefits

DUBAI | ABUDHABI | AJMAN | FUJAIRAH

  • 100% foreign ownership
  • Tax benefits
  • Duty free
  • Low operational cost
  • Low freight charges
  • Abundant & inexpensive energy
  • Exemption from all import and export duties
  • Freedom to recruit expatriates
  • Freehold offices available on sale or lease
  • Readymade offices, factories & warehouses
  • Free transfer of funds and no foreign exchange control

Why Black Swan ?

Black Swan Will Help You In Not Only Every Step Of Your Business Setup But Also In Continuing Business:

  • Taking the trade name approval.
  • Initial or security approval.
  • Preparing Memorandums.
  • Bank Account assistance.
  • Court Notarisation of memorandums, POA and other documents.
  • License issuance
  • Establishment Card.
  • Visa's
  • Any external approvals if required.
  • Final Submission.

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