The Ajman Free Zone (AFZ), one of the UAE’s three main offshore jurisdictions, was established in 1988. By luring a sizable number of enterprises to take advantage of the investment rights, AFZ has stimulated considerable industrial growth in Ajman and strengthened commerce, industry, and the financial sector in the UAE.
The competitive advantages and privileges offered by the Ajman Free Zone enable businesses to significantly increase their return on investment.
As a registered agent, we work closely with the Ajman Free Zone to construct custom offshore companies and may offer offshore company setup services. More than 40 Double Taxation Agreements (DTAAs) are available to the business, and it is also a white-listed independent country for offshore use.
Benefits of Ajman Offshore Business setup
- 100% foreign ownership – Emirati partner is not required
- 100% control of the business
- Exemption from personal income tax
- Export and import taxes are waived
- Affordable labor
- Freedom from additional taxes
- Secure capital and profit transfers
- Well-rounded infrastructure
- Establishing a bank account in the UAE is simple.
- No visa for residence
- The cost of leasing is competitive.
- No auditing is necessary
- No limitations regarding foreign currencies
- Not necessary to lease office space
- Directors’ and stockholders’ identities are kept private.
Documents needed for Ajman Offshore company formation
In relation to a single shareholder:
- Copies of passports that are valid for at least six months
- Application Form Residency Document (A telephone or electricity bill not older than three months should be sufficient)
- Resume or curriculum vitae for the shareholder (s)
For an Organizational Shareholder:
- Copy of a trading license or certificate of incorporation notarized
- Copies of directors and representatives’ valid passports, valid for at least six months.
- Original incumbency certificate with a notary
- Original certificate of good standing notarized
- Original, notarized shareholder resolution
- Copy of Memorandum and Articles of Association of the parent company
Hashtag Startup can help you navigate the process of setting up in Ajman Offshore, providing expert guidance and support every step of the way. Contact us today to learn more about how we can help you establish your business in this thriving area!