Ajman Offshore Company. Ajman Offshore Company Formation. Advantages of Ajman Offshore Companies

Worldwide Incorporation Services specializes in Ajman Offshore Company Registration and opening bank accounts.

Ajman Offshore Company

Advantages of Ajman Offshore Company

100% foreign ownership
A minimum of one shareholder is required for a Ajman Offshore Company registration
A minimum of one director is required for a Ajman Offshore Company registration
Zero taxes and duties
Company can hold an account in a bank in the UAE

Ajman Offshore Company – Key Facts

Language of Legislation and Corporate Documents

English/Arabic.

Investor or Employment Visa

No.

Share Capital

The minimum requirement for share capital is AED1,000, Which must be fully paid up.

Classes of Share Available

Ordinary shares, preferred shares, deferred and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

This type of Company is not allowed to do business within the UAE, have an office or get visas. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Agent Required

Each Ajman Offshore Company must have a Licenced Registered Agent in the Ajman Free Zone.

Registered Office Required

Each Ajman Offshore Company must have a Registered Office in the Ajman Free Zone, provided by a licenced service provider.

Directors

A minimum of one director is required for an Ajman Offshore Company formation. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.

Shareholders

A minimum of one shareholder is required for an Ajman Offshore Company formation.

Publicly Accessible Records

No.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

Dirham (AED).

Exchange Control

None.

Language of Name

English/Arabic.

Restricted Words

Unless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-

(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;
(b) the patronage of their Highnesses the members of the Federal National Council.

Name of a Company

The name of the Ajman Offshore Company may end with the word “Limited” or “Ltd”.

Time to Incorporate

1-2 business days, subject to name approval.