Business Setup in
Ajman Free Zone
Offshore Company in Ajman Free Zone
An offshore company is typically utilized for various international activities such as trading, shipping, patents, consulting, real estate ownership, copyright registration, and serving as holding companies. Within the UAE, three primary territories are preferred for offshore company formation: Ras Al Khaimah International Corporate Centre (RAK ICC), Jebel Ali Free Zone (JAFZA), and Ajman Free Zone (AFZ).
In recent years, there has been a notable increase in the number of companies choosing Ajman Free Zone for establishment. Although offshore company formation in Ajman began relatively recently, in 2014, it has rapidly gained momentum. Ajman Free Zone’s offshore companies benefit from modern infrastructure and accommodate a wide range of business activities, including trading, consultancy, and holding companies. The free zone is experiencing rapid growth, with certain sectors witnessing a remarkable 45% increase.
Benefits of setting up
Offshore company in Ajman Free Zone
Shareholder's and Director's information remains confidential
Requirements for Setting up an offshore company in Ajman Free Zone
Shareholders- At least one shareholder is required, and corporate shareholders are permitted.
Capital Structure- The company's capital structure is determined by its shareholders.
Directors- A minimum of two directors is mandatory, with no provision for corporate directors.
Dual Role- Individuals can hold positions as both directors and shareholders.
Secretary- An offshore company must appoint a secretary, who may also serve as a director.
Physical Presence- Shareholders or authorized attorneys must be physically present to sign documents before AFZA executives.
Registered Agent- An official registered agent must be appointed, with their office address serving as the Ajman Offshore Company's address.
Company Name- The company's name must end with "Limited."
Property Ownership - The company is permitted to own a maximum of three properties.
Business Scope- Business activities are restricted to the Free Zone and cannot extend beyond, including transactions within the UAE.
Investment- Shareholders are permitted to invest in UAE companies.
Residence Visas- UAE residence visas cannot be obtained based on the Ajman offshore company.
Unlike mainland and free zone companies, which are granted business licenses, offshore companies receive certifications to operate UAE-based firms instead. This differentiation arises because an offshore company is technically not permitted to conduct operations within the country, hence they are not issued licenses. Depending on your requirements or business activities, here are the types of companies or activities available for Ajman Free Zone offshore business setup:
- Holding company
- General Trading
- Professional services
- International services
- Investments
- Shipping and ship management
- Property owning
- Brokerage
- Online Advertising
