Set Up Your Offshore Company in
Ajman Free Zone
Elevate Your Business Horizons with Effortless Setup for Success.
Ajman Free Zone (AFZ) is a strategic business destination in the UAE, offering investors a range of benefits including 100% foreign ownership, tax exemptions, and streamlined setup procedures. Situated in Ajman, it provides easy access to major transportation networks and offers world-class infrastructure for businesses across various industries. With its commitment to innovation and customer satisfaction, AFZ continues to attract entrepreneurs looking to establish a presence in the dynamic UAE market.
Advantages of Setting Up Your Offshore Company
Setting up a company in Ajman Free Zone offers investors a conducive business environment, tax benefits, strategic location, modern infrastructure, and streamlined procedures, making it an attractive destination for business setup in the UAE.
Confidentiality
Offshore companies aren’t required to publish any financial information, or share their directors’ & shareholders’ personal details on public records. There is also no requirement for offshore businesses to be audited.
Fewer Liabilities
With an offshore company, there’s assurance that its possessions and assets are protected in the case of any legal pursuits. They also enable asset protection for investors, creating a legal wall between the company’s resources and any third parties.
Avenue to International Expansion
Forming an offshore company that has a UAE-based address will immediately create credibility for a business, opening new opportunities for international partnerships and activities. At the same time it’ll allow you to open a UAE bank account, which gives you unparalleled access to multiple currencies and global transactions.
Tax Incentives
In 2023, the UAE implemented a corporate tax rate of 9%. However, offshore companies, as they are not eligible to operate their businesses within the country, are exempt from this tax.
Set Up Your Offshore Company
Depending on your business needs, you may choose to set up an offshore
company from one of these three options:
Offshore Ajman Free Zone (AFZ)
The Ajman Free Zone offers progressive infrastructures and is open for a wide range of onshore and offshore businesses. Trading, consultancy, and holding companies are some offshore activities permitted here. The free zone is also fast-growing, seeing 45% growths in certain sectors. It offers these benefits:
Benefits
- Close to the Ajman port and the Dubai and Sharjah airports
- An offshore company in Ajman Free Zone can enjoy an incorporation time of just a few days
- Ajman Offshore Company formation allows entrepreneurs to hold shares in UAE free zone companies & LLCs
- Physical offices are not required for an Ajman Free Zone Offshore Company
- Cost-effective offshore incorporation option
Types of Offshore Companies in Ajman Free Zone
Unlike mainland and free zone companies which offer business licenses, offshore companies are given certifications to operate UAE-based firms instead. This is because an offshore company in Ajman Free Zone is not technically allowed to operate within the country, so they do not get issued licenses.
Depending on your needs or activities, here are the company types or activities for an Ajman Free Zone business setup:
Depending on your needs or activities, here are the company types or activities for an Ajman Free Zone business setup:
- Holding Company
- General Trading
- Professional Services
- International Services
- Investments
- Shipping & Ship Management
- Advisory & Consulting Services
- Property Owning
- Brokerage
- Online Advertising
Requirements for Setting Up a JAFZA Offshore Company
The process for Company Setup in JAFZA depends on the specific business structure and activity. Here’s what’s required:
- Application Form
- Passport Copies of Shareholders
- Copy of UAE Entry Stamp Page
- Original Bank Reference Letter from all Shareholders
- Proof of Residency for all Shareholders
- Curriculum Vitae or Profile of Shareholders
- If shareholders are corporate bodies, submit these additional documents: Board Resolution awarding Power of Attorney, Certificate of Incorporation, Certificate of Good Standing, and Memorandum of Association
Steps in Setting Up Your Offshore Company in Ajman Free Zone
I-biz Consultants offers comprehensive Ajman Offshore Company formation services, providing extensive guidance and support that can simplify the intricate steps of establishing an Ajman Free Zone Offshore Company.