Ajman Offshore Company Formation
Offshore Company Setup in Ajman had started out late in 2014, and it comes under the jurisdiction of the Ajman Free Zone Authority. Offshore company setup in Ajman is noted for how relatively cheap it is compared to other Free Zones. Although trading with the mainland is not permitted, shareholders can invest in UAE companies.
Features of Offshore Company Setup in Ajman
- Minimum of two directors
- Annual audits and meetings with auditors
- Registered Agent Required
- No requirement of renting an office
- No trade with the UAE
- No Registration with the Chamber of Commerce
- No Residence Visa for Founders and Directors
Documents required for the formation Offshore Company Setup in Ajman
Individual Shareholder Type:- Passport copy of each shareholder
- UAE Visa
- Proof of Residence of each shareholder
- Personal Profile of Each Shareholder
- Original Bank Reference
- Incorporation Certificate of Parent Company
- Memorandum and Articles of Association
- Board Resolution
- Certificate of Good Standing
- Passport Copies
Activities allowed in Ajman
- Holding Company
- General Trading
- International Services
- Joint Investments
- Shipping and Ship Management
- Advisory and Consulting
- Property Owning
Advantages of Offshore Company Setup in Ajman
- Quick and cost efficient registration process
- Open bank accounts in UAE
- Zero Taxation
- 100 % Capital and Profit Repatriation
- 10 5 Foreign Ownership
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