Ajman
Registering an Offshore Company in Ajman
A company, group of individuals, or sometimes a division thereof that desires to engage in offshore business processes often finds the UAE as the best choice. International Business Companies (IBCs) or other legal entities incorporated under Ajman’s laws and jurisdiction enjoy a wide range of benefits, including complete operational freedom.
Advantages of Setting Up an Offshore Company in Ajman
100% foreign ownership
Complete repatriation of capital and gains
Low setup costs
No requirement for office/industrial space rental
Annual audit not mandatory
No minimum paid-up share capital
Simple registration process
Ability to buy/sell property
Documents Required for Offshore Company Formation
Passport copy of the company representative (valid for 6+ months)
Visa copy (entry/residence/cancelled)
8 passport-sized photographs (white background)
Original company registration certificate
Memorandum of Association
Board resolution for UAE operations
Notarized Power of Attorney
Business plan/description (2 pages for professional/e-commerce; 1 paragraph for trading)
Completed application form
The process is straightforward. After submitting the documents, approval typically comes within 1-2 days if all requirements are met.
Permitted Activities
General trading
Professional services
Holding stakes in other companies
Investments and joint ventures
Advisory/consultancy services
Hiring commission agents and brokers