Ajman off-Shore PDF

1. Ajman off-Shore Business Bay Location: Dubai, UAE Phone: +971 4 557 9404 Website: https://ajman-offshore.ae/ Ajman Offshore Company Formation Ajman Free Zone (AFZ) was founded in 1988, as one of the three primary offshore jurisdictions in the UAE. AFZ has led to massive industrial developments in Ajman by attracting a significant number of businesses to benefit from the investment privileges, thus strengthening industry and trade, and the financial sector in the UAE. Ajman Free Zone provides competitive amenities and privileges allowing establishments to acquire a substantial return on their investment. We work in close collaboration with Ajman Free Zone as a registered agent and can propose offshore company set-up services to form a bespoke offshore company in Ajman. The company can benefit from over 40 Double Taxation Treaties (DTAAs) as well as its status as a white-listed independent jurisdiction for offshore purposes. ADVANTAGES OF OFFSHORE COMPANY FORMATION IN AJMAN There are several benefits to setting up an offshore company in Ajman: ● ● 100% foreign ownership – Emirati partner is not required 100% ownership of the company

2. ● ● ● ● ● ● ● ● ● ● ● ● ● Personal income tax exemption Import and export duties are exempted Low-cost labor Exemption from other taxes Secure transfer of profits and capital Well-rounded infrastructure Easy opening of bank accounts in the UAE No residence visa Leasing prices are competitive No auditing required No foreign currency restrictions Not required to rent an office space Privacy of directors and shareholders is maintained We have strong relationships in the Ajman financial sector and can provide our clients with an overview of the financial institutions in Ajman for your offshore company. We can facilitate the opening of bank accounts for your Offshore Company in multiple currencies including GBP, USD, CHF, Euro, and many others. DOCUMENTS REQUIRED TO FORM AN AJMAN OFFSHORE COMPANY For an Individual Shareholder: ● ● ● Passport copies with a validity of at least six months Application form Proof of residence (A telephone or electricity bill not older than three months should be sufficient) Curriculum Vitae or résumé of the shareholder(s) ●

3. For a Corporate Shareholder / Entity: ● ● ● ● ● ● Notarised incorporation certificate or trade license copy Valid passport copies of representatives and directors with a validity of at least six months Notarized, original incumbency certificate Notarised, original good standing certificate Original shareholder’s resolution that is notarized Parental company’s Memorandum and Articles of Association copy All the above documents can be accepted in English or Arabic. AJMAN OFFSHORE CAN CONDUCT VARIOUS ACTIVITIES UNDER ITS LICENSE: ● ● ● ● ● ● ● ● ● Commission Agents Joint Investments and Investments Corporation Owning of properties General trading company Holding firm Advisory and consultancy services International service sector Professional services sector Shipping companies Ajman Free Zone (AFZ) Company Formation Established in 1988, Ajman Free Zone (AFZ) attracts numerous establishments to take advantage of the several investment privileges, in so doing solidifying UAE’s trade, industry, and financial sector.

4. AFZ offers modest amenities and opportunities allowing businesses to acquire a significant return on their investment. A Free Zone or a Free Trade Zone is intended for encouraging international business in the UAE by offering government incentives including, free of tax, free custom duty, and complete foreign company ownership. Free Zones play an essential part in the growth and development of the UAE. There are currently over 40 free zones across the country. The Free Zones in the nation serve various sectors of the economy including healthcare, education, advertising, media, automotive, goods trading, and commodities. WHY SET UP A BUSINESS IN AJMAN FREE ZONE? There are several benefits when setting up a Free Zone Company setup in Ajman: ● ● ● ● ● ● ● ● ● ● ● ● 100% Foreign ownership, no local sponsorship required No capital gain tax and personal income tax Complete repatriation of profits and capital Quick start-up and licensing process No Import / Export Duties No corporate tax No restrictions on currencies Uncomplicated recruitment and liberal labor laws Transfer of profits and capital is easy Utility bill prices are competitive The cost of labor is economical and easy to access Infrastructure is highly developed AJMAN FREE ZONE STRATEGIC LOCATION ADVANTAGES Land – There is an international road network linking AFZ with neighboring countries

5. Air – International airport is 20 minutes away from AFZ Sea – Ajman Port is located opposite AFZ HOW WE CAN HELP IN STARTING A BUSINESS IN DUBAI FREE ZONE We advise clients on market entry into the UAE and which Free Zone is best suited to their individual business needs. We assess our client’s needs and provide bespoke solutions tailored to their industry sector. We offer cost-effective solutions that allow our clients to advance as their business grows organically. We can advise on which Free Zone best suits your business plan at every stage of initial business development, market evaluation, and company formation with upscaling mechanisms as required therein. OUR TURNKEY FREE ZONE COMPANY FORMATION SERVICES IN DUBAI INCLUDE: ● ● ● ● Interface with all Free Zone authorities Company formation at all stages until issuance of Trade License Attainment of all third-party approvals required from government ministries Processing of all visas with the Free Zone and the Ministry of Immigration AJMAN FREE ZONE TYPES OF LICENSES ● ● ● ● ● E-Commerce License Business License Offshore License Service License Industrial License

6. AJMAN FREE ZONE TYPES OF OWNERSHIP ● ● ● ● Branch of a Foreign Company Free Zone Company Free Zone Entity Branch of a Local Company REQUIRED DOCUMENTS TO FORM AN AJMAN FREE ZONE COMPANY ● ● ● A passport-size photograph Passport copies with a validity of no less than six months If the company carries out electronic, industrial, or service activity, a feasibility study would be necessary If the applicant is an employee resident of the UAE, a No objection certificate (NOC) will be mandatory Trade name approval fees of AED 100 ● ●