Jurisdictions >> Ajman Offshore Company Formation

Ajman Offshore Company. Ajman Offshore Company Formation.

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

Ajman Free Zone – General Information

Emirate: Ajman.
Country: UAE.
Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.
Time Zone: UTC+4.
Currency: Emirati dirham (AED).

Key Benefits of Ajman Offshore Company

100% foreign ownership
The minimum number of shareholder is one
The minimum number of director is one
Zero taxes and duties
Allowed to hold a bank account in the UAE

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 Ajman 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

Yes.

Registered Office Required

Yes, must be maintained in the Ajman Free Zone.

Directors

The minimum number of directors is one. Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.

Shareholders

The minimum number of shareholders is one.

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” or “Trustee”, “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 an Ajman company may end with the word “Limited” or “Ltd”.

Time to Incorporate in Ajman

1-2 business days, subject to name approval.