Ajman Free Zone was established in 1988 and was granted an autonomous status under the Emiri Decree No. 3 of 1996 by the Ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Nuami. During the last few years, there is an apparent increase in the number of company formation in the free zone.
Ajman Offshore is under the regulations of Ajman Free Zone Authority. Just like any other offshore jurisdictions, it offers a Zero Taxation System and the company’s confidentiality/privacy & security are kept intact (The legal address of the offshore company is the address of the registered agent). Other features include:
No requirement of renting an office or industrial premises.
No trading within the UAE.
No registration in Chamber of Commerce
No residence visa for founders and directors. Shareholders and/or directors of an Ajman Offshore are not automatically eligible to obtain a UAE residence visa from the offshore company opened.
General overview of Activities:
Consulting and Advisory Services
Holding Company (Buy/Hold/Sell stakes of companies)
Investments and Joint Investments Company
Property Owning (Subject to the respective local laws of each Emirate, City and Country)
Shipping and ship management companies
Commission Agents Company – Intermediary Brokers (IB’s)
Ajman Offshore Authority does not allow Bearer Shares. And being a new offshore entity, their process for offshore company formation is much faster than the other offshore jurisdictions. Once company name & activity approvals are done, and all incorporation documents are complete upon submission to the Offshore Authority, the offshore company can be incorporated in a matter of 1-2 working days. The incorporation fees will only cost AED 9,000/USD 2466 which is all inclusive, and annual renewal fee will be AED 7,500 /USD 2054.
Documents required for incorporation of an offshore company
1. A passport(s) copy of each shareholder of the company;
2. An original proof of residence for each shareholder in English (can be recent telephone bill);
3. Articles of Association, Memorandum of Incorporation and the Application for incorporating an offshore company. As registered agents, we will prepare all these documents after the name and business activities are approved and will send the soft copy to the clients for them to sign.
Important Note: Shareholders need not come to UAE for setting up offshore company. They can courier the signed documents to Easy Step Office in Dubai or Ajman.
For Bank Account Opening, Easy Step provides bank account opening assistance in several banks in the UAE.
Call / Whats App: +971 56 484 6611 | +971 56 958 0006
Office: +971 6 748 6499
Email: firstname.lastname@example.org | Website: www.easystep.ae
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