Ajman Offshore
Company Formation
Ajman Free Zone Authority (AFZ) is one of the free zone authorities in the United Arab Emirates. AFZ has a lot of investors who are aiming to start Ajman offshore companies. Ajman offshore company formation is very cheap and it provides 100% foreign ownership with 100% repatriation of profit. A benefit of Ajman offshore is its proximity to the international airport, which is approximately 25 minutes away.
- Passport copies of all shareholders
- Original copies of every shareholder’s proof of residence.
- Each shareholder’s original bank reference letter.
- Each shareholder’s CV in English
- Passport copies of shareholders and directors
- Attested incumbency certificate
- Good standing certificate
- Notarized board of resolution from the shareholders
- MOA and application for the Ajman offshore company setup
- Reference letter from a bank.
Benefits of Ajman Offshore Company Formation
- 100% foreign ownership
- Returned money and profits
- Low starting expenses
- No office is required
- Annual audits are unnecessary.
- No paid-up capital required
- Companies can purchase and sell property in Ajman.
- Can own property in the UAE if they apply in advance to the land department.
- Can open a bank account
- Once company formation documentation is obtained, your firm can start operating quickly.
- General Trading
- Professional Services
- Holding Company
- Consultancy/Advisory Services
- Property owning/ Commercial/Real Estate Brokers
- Shipping and Ship Management
- Investment and Joint Investment Company
- A minimum of one shareholder is required. Can be corporate shareholder.
- At least two directors are required. Corporate directors are not allowed.
- The company must have a secretary.
- The physical presence of the shareholder or the authorized persons is required to sign the documents in front of the AFZA authorities.
- The name of the company should end with “Limited”.
- The company can own a maximum of three properties.
- Shareholders are permitted to invest in UAE companies.
- The offshore company is not allowed to perform any activities outside the free zone.
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There are several advantages to setting up a company in Ajman through the AFZ for entrepreneurs and investors:
Getting a business license in Ajman Offshore is inexpensive and straightforward. AFZ is a great spot to start a business because trade permits can be obtained easily. Aside from that, the one-day documentation clearance procedure is a testament to the feed zone’s excellent management.
Ajman has a variety of visa options for firms looking to relocate there. As a result, the Smart Office package allows for three visas, while the Executive Office package allows for five. A Flexi-desk package is a great option for entrepreneurs who don’t need to hire a fixed desk but still want access to office space, equipment, and other amenities like conference rooms.
Ajman’s pro-business climate makes it simple for entrepreneurs to get their ventures off the ground swiftly and efficiently. Even if you don’t have enough money to start a business in Ajman, there are no continuing auditing or bookkeeping obligations.
To start a business in Ajman Offshore, you’ll need at least one shareholder. Five shareholders are permitted for new limited liability partnerships (LLPs) offshore.
Why Booming Bytes Business Consultancy?
Setting up a company in Ajman Offshore is relatively simple and easy with the guidance of expert business setup consultants in UAE. At Booming Bytes, we are helping aspiring entrepreneurs or businessmen to achieve their aim by setting up a company in UAE. Our professional business setup consultant will guide you in Ajman offshore company formation. Get a free consultation and start your business now.