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Set Up Your
Offshore Company in Ajman Free Zone
Elevate Your Business Horizons with Effortless Setup for Success.
An Ajman Free Zone offshore company offers progressive infrastructures and is open for a wide range of businesses. Trading, consultancy, and holding companies are some Ajman offshore business setup options permitted here. The free zone is also fast-growing, seeing 45% growths in certain sectors. It offers these benefits:
An offshore company is typically used for international trading, shipping, patents, international consulting, owning real estate, registering copyrights, or as holding companies. Within the UAE, there are three main territories where most choose to form offshore companies. These are Ras Al Khaimah International Corporate Centre (RAK ICC), Jebel Ali Free Zone (JAFZA), and Ajman Free Zone (AFZ).
Advantages of
Setting Up Your Business
in KIZAD Free Zone
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.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.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 an Offshore Company
Depending on your business needs, you may choose to set up an offshore
company from one of these three options:
RAK ICC | Jafza | Ajman Free Zone
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
- Physical offices are not required for an Ajman Free Zone Offshore Company
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:
Holding Company
General Trading
Professional Services
International Services
Investments
Shipping & Ship Management
Advisory & Consulting Services
Property Owning
Brokerage
Online Advertising
Requirements
for Setting Up an
Offshore Company in Ajman Free Zone
The requirements to set up an offshore business depends on where and how it’ll be formed.
- 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
Cost of Setting Up an
Offshore Company in AFZ
The Ajman offshore company cost in the UAE depends on the chosen option.
This rate will also differ based on the business activities, number of shareholders, office space requirements, and other factors.
Like RAK ICC, Ajman offshore company formation services may start at USD 2,050 or AED 7,500.
Receive an estimate of your Ajman offshore company formation cost.
Use our COST CALCULATOR now!
Explore Monthly
Payment Plans
with Selected Banks
Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.
Steps
Make a minimum purchase of AED 1,000 using your credit card for any services provided by Rapid Zone.
Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
Get the option of paying over 3, 6, 9 or 12 months
*General terms and conditions from the banks will be applicable.
Steps in Setting Up Your Offshore Company
in Ajman Free Zone
Rapid Zone 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.
1
Determine your business activities
The initial step for Ajman Offshore business setup is to determine company activities and reserve a name that fits your business and is neither offensive nor religiously or politically sensitive.
2
Find a registered agent
The registered agent will assist you with the communication and administrative work needed for Ajman Offshore Company formation.
3
Send in your application & documents
An important part of the Ajman Offshore Company formation process is to compile all the necessary documents based on the list above, and submit these for review.
4
Prepare your MOA & AOA
Your company’s Memorandum of Association (MOA) and Articles of Association (AOA) must be notarized and translated into Arabic before they are submitted.
5
Open your corporate bank account
Finally, open a bank account for the corporate business transactions of your Offshore Company in Ajman Free Zone. The bank documents must also be sent in along with the rest of your company application.