Ajman Offshore Company Setup
Since it began operations in 1988, the Ajman Free Zone has experienced rapid expansion. In Dubai, the Ajman Offshore Company Formation process began in 2014. An Ajman Offshore Company is subject to the Ajman Free Zone's rules and regulations and falls under its control. These businesses are eligible for a number of benefits and privileges, including as total information confidentiality and a tax-free structure. This suggests that your directors' and shareholders' personal information is kept secret. Even having a physical office in the United Arab Emirates is not necessary for an Ajman Offshore Company to be established.
Ajman Offshore Company Setup is allowed to undertake the following activities:
- It can operate as a holding company
- It can carry out General Trading Activities
- It can provide Advisory and Consulting Services
- It can engage in Shipping and Ship Management
- It can act as a Commission Agent (Intermediary Broker)
- Investments and Joint Investments Company
- Can engage in International Services
- Can freely own property (Subject to land department approval)
Advantages of Ajman Offshore Company Setup
- 100% Foreign Ownership: These companies allow investors to become the ultimate owners.
- No taxation Policy: Zero taxes captivate many investors to start an Ajman Offshore Company
- Robust Registration Process: The first and foremost benefit companies can get is the quick, transparent and simple incorporation process. The entire process takes 2 to 3 working days. Further, it involves the least time for company formation and is cost-effective.
- Low barriers to entry: Just as the business startup is relatively easy, there are no strict regulations that prohibit entry. The non-requirement for paid-up share capital and auditing & bookkeeping makes it a lucrative option for business setup in Dubai.
- Multiple bank accounts: Such companies can open or maintain bank accounts in the UAE or worldwide in multiple currencies.
- Shares in Local Companies: An Offshore Company can hold stock of UAE Freezone Companies and LLCs.
- 100% repatriation of profits: Offshore Companies can take their profits to their own country and enjoy their fortune.
- Right to own property: Such firms are not restricted to own property anywhere in the UAE.
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