AJMAN OFFSHORE COMPANY FORMATION
Ajman Offshore Company Formation is a popular option for businesses looking for a tax-efficient and cost-effective way to expand their operations in the UAE and beyond. The process of forming an offshore company in Ajman involves choosing a registered agent, choosing a company name, submitting the application, obtaining the license, opening a bank account, and registering for VAT (if applicable). By forming an offshore company in Ajman, businesses can benefit from 100% foreign ownership, no corporate or personal income tax, and easy access to world-class infrastructure and logistics facilities.
What is an Ajman Offshore Company?
An Ajman Offshore Company is a legal entity that is registered in the Ajman Free Zone, which is one of the offshore jurisdictions in the UAE. These companies are commonly used for international trading, investment holding, and asset protection purposes.
Benefits of Ajman Offshore Company
- 100% foreign ownership
- No corporate or personal income tax
- No requirement to maintain physical office space in Ajman
- No requirement to hire local employees
- Access to world-class infrastructure and logistics facilities
- Easy repatriation of profits and capital
- Confidentiality and privacy
License types for Ajman offshore company formation
Commercial License: Allows companies to conduct general trading activities internationally.
Consultancy License: Suited for businesses providing consultancy and professional services on a global scale.
General Trading License: Permits companies to engage in a broader range of trading activities.
Holding License: Designed for holding and managing investments in other companies and assets.
Services
Ajman Offshore Company Formation Process
Choose a registered agent
Choose a company name
Submit the application
Obtain the license
Open a bank account
Register for VAT
License types not allowed in Ajman offshore companies
While Ajman offshore companies offer flexibility in various business activities, there are certain license types that are typically not allowed. The restrictions may vary, and it’s essential to check the latest regulations. However, common restrictions often include:
Retail Activities: Ajman offshore companies are generally not permitted to engage in retail activities, which involve the sale of goods directly to consumers.
Real Estate Ownership: Offshore companies in Ajman usually cannot own real estate within the UAE, including properties located in the emirate of Ajman.
Business Activities within the UAE: Ajman offshore companies are typically restricted from conducting business activities within the UAE. Their operations are meant for international business transactions.
Banking and Financial Services: Offshore companies in Ajman are generally not allowed to carry out banking or financial services activities.
Insurance Services: Providing insurance services within the UAE is usually restricted for offshore companies.
Professional Services within the UAE: Offering professional services directly to individuals or entities within the UAE may be restricted for Ajman offshore companies.
Medical and Healthcare Services: Engaging in medical and healthcare services within the UAE is typically not allowed for offshore entities.
Documents Required for Ajman Offshore Company Formation :
- Application Form
- Passport Copies
- Proof of Address
- Bank Reference Letter
- Business Plan
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Power of Attorney (if applicable)
- No Objection Certificate (NOC) from Current Sponsor (if applicable)
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