AJMAN OFFSHORE COMPANIES

OVERVIEW

Ajman Free Zone was established in 1988 which lead to immense industrial development in Ajman. It had attracted many companies through its cheap warehousing facility, strategic location, many investment privileges and so forth.

Ajman Free Zone in 2016 have started a new initiate – Ajman Offshore Jurisdiction which is regulated by Ajman Free Zone. Just like any offshore jurisdiction it give you the privilege of bank account, anonymity, TAX benefit and so forth. Even dough it has started recently, it has secured its recognition in international market and a reputed offshore jurisdiction.

Process of incorporation and required documents:

Since it is a new jurisdiction in UAE, it is the most hassle-free and has much faster company incorporation process when compared to other Jurisdiction in UAE but the same time it has the credibility by being part of Ajman Free Zone Authority. An Ajman offshore company can be incorporated in 2-3 working days provided with all the required documents.

One of the most important privilege if you choose Ajman offshore company is that the shareholder do not have to visit UAE, we will provide you with the required documents to be signed and courier back to us to process the incorporation.

FEATURES OF AJMAN OFFSHORE

• No office space required
• Fast and hassle free incorporation process
• Can open Bank account in any local bank
• Audit of accounts not required
• High level of confidentiality
• Using as an investment cycle to hold free zone or mainland company
• Holding intellectual property
• Low incorporation and maintenance cost
• No residence visa allowed
• Not allowed to do business with UAE companies
• No TAX applicable

STANDARD LEGAL REQUIREMENTS & SUPPORTING DOCUMENTS

Individual Shareholder

• Passport copy
• Utility Bill/ proof of residential address (not more than 60 days old)
• Profile – CV/ Resume of shareholder
• Personal bank reference letter

The Director (minimum 1)

• Passport copy
• Profile – CV/ Resume of director

The Secretory (minimum 1)

• Passport Copy
• Profile – CV/ Resume of secretory

Corporate Shareholder

• Copy of License /Certificate of Registration/Incorporation
• Certificate/letter of incumbency original or share certificate or abstract of the commercial register.
• Copy of Memorandum and Articles of the company.
• Board resolution to incorporate offshore company.

NOTE: We have to legalize the company documents if the corporate body is incorporates outside of UAE. For incorporating the company we only require Board resolution to be attested by UAE embassy and rest of the documents to be notarized but to open bank account all the corporate documents need to be attested from UAE embassy in the country of origin.

The Director (minimum 1)

• Passport copy
• Profile – CV/ Resume of director

The Secretory (minimum 1)

• Passport Copy
• Profile – CV/ Resume of secretory