Ajman Freezone Company Formation
Planning to set up an offshore company in Ajman? Supreme Services streamlines the process, offering ideal structures for smooth incorporation and a hassle-free journey to success.
Company Formation
Ajman Freezone Company Formation
Ajman Freezone Company Formation established in 2014 falls under the jurisdiction of the Ajman Free Zone Authority. Renowned as one of the world’s most sought-after offshore jurisdictions, Ajman offers a strategic location, competitive investment benefits, and a simple incorporation process. With its rapid growth rate world-class, investors are attracted to set up offshore companies here.
Setting up an offshore company in Ajman is cost-effective and time-saving. Since these non-resident companies receive company incorporation certificates instead of business licenses, they are not entitled to trade into the UAE. However,Shareholders are permitted to invest in UAE companies.
Unlike other emirates, Ajman offshore company registration requires a minimum of two directors. One director or shareholder must be physically present at the Ajman Free Zone office and personally sign the documents in the presence of a registered agent. Additionally, offshore companies are required to conduct annual audits and hold meetings in the presence of an auditor.
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Registered Agent for Ajman Freezone Company Formation
A registered agent plays a crucial role in facilitating communication with the Ajman Authority regarding JAFZA offshore company formation. Supreme Services (formerly KWSME), a trusted business consultant in Dubai, offers comprehensive assistance with Ajman offshore company formation. Our services streamline the process, ensure all paperwork and approvals from the Ajman Free Zone Authority, and save you time, money, and effort.
With extensive experience in Ajman offshore company formation, we ensure an efficient setup achievable within two to three business days at attractive rates. Our package includes feasibility studies and legal advice, and we prioritize the complete privacy and confidentiality of your financial information at all times.
Overview of Ajman Freezone Company Setup
Benefits of an Offshore Company in Ajman
Zero tax
100% repatriation of capital and profit
100% foreign ownership
Ability to own property anywhere in the UAE
Authorization to Own Shares in UAE Free Zone Companies and LLCs
Minimum incorporation time
Low-cost business registration process
Ability to open and maintain bank accounts in the UAE or worldwide
No physical office requirement and no paid-up share capital requirement for Ajman offshore setup
Key Features of Ajman Freezone Company Formation
Shareholders:
Minimum of one shareholder required.
Corporate shareholders are permitted.
Shareholders determine the capital structure; bearer shares are not allowed.
Directors:
Minimum of two directors required, and they must be individuals (not corporate entities).
Shareholders can also serve as directors.
Secretary:
A company secretary is mandatory.
A director may also hold the position of company secretary.
Name and Scope of Activities:
The company name must end with “Limited”.
Operations are restricted to within the free zone.
Local Requirements:
An officially registered agent is mandatory. The agent’s office serves as the company’s registered office.
Timeframe:
Registration can be completed within 2-3 working days. Documents need to be signed in the presence of AFZA executives.
Confidentiality:
Details of shareholders and directors can be recorded with Ajman authorities but are not made public.
Potential Limitations:
Offshore companies cannot conduct business outside the free zone or in other locations in the UAE, except those with an Ajman free zone company. They cannot establish a physical office in the UAE, obtain UAE residency visas for shareholders, obtain tax residency certificates, or own more than three immovable properties.
Documents Required for Ajman Freezone Company Formation
For Individual Shareholders:
Copy of each shareholder’s passport
Copy of a valid UAE visa or entry stamp page
Personal profile (CV) of each shareholder
Original proof of residence of each shareholder
Original bank reference letter (good standing letter) of each shareholder
For Corporate Shareholders:
Memorandum and Articles of Association
Certificate of Incorporation of the parent company
Board resolution of the parent company to form an Ajman offshore company
Good standing certificate of the parent company
Copies of the passports of two (2) directors
Activities Allowed for Ajman Freezone Company
General Trading, Consultancy/Advisory Services, Holding Company (Buy/Hold/Sell stakes of companies) Investments and Joint Investments Company, Property Owning (Subject to local laws), International Services, Professional Services, Shipping and Ship Management Companies, Commission Agents/Brokers
