Ajman – Biz HQ Consultants

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).

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Advantages of Setting Up Your
Offshore Company

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 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
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:

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.

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.

Steps in Setting Up Your Offshore Company
in Ajman Free Zone

Biz HQ Consultants offers comprehensive guidance and support throughout the process, simplifying each intricate step of BVI company formation for offshore businesses – from the submission of requirements to the opening of a bank account for a BVI company.

1

Choose your company name & 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.