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Ajman Sharjah Ras Al Khaimah UAE Offshore Company SAIF Free Zone with Dubai Bank Account

AJMAN - UAE

AJMAN - UAE OFFSHORE COMPANY WITH DUBAI BANK ACCOUNT

Ajman - UAE Companies are suitable for:

  • Businessmen
  • E-commerce
  • Consultants / Counsellors
  • International business
  • Holding intellectual property rights
  • Custody vehicle of movable and immovable property
  • Estate planning
  • Wealth management

Ajman - UAE Companies quick facts:

Company type International Business Company (IBC)/Limited by shares
Governing corporate legislation Ajman Free Zone Authority, AFZA, is the governing authority and companies are regulated under the Ajman Offshore Companies Regulations 2014.
Information relating to company officers There is no public register of company officers. No name should be disclosed to register a company.
Confidentiality Ajman - UAE offers one of the highest levels of anonymity and privacy available today.
Accounting/Reporting requirement No reporting requirements. / reporting requirements. However there is a requirement to make sure sufficient business records are kept. That means copies of receipts, invoices, bank statements etc.
Taxation No taxes of any sort
Currency AED
Timeframe Ajman has a fast and efficient Registry (name and incorporation/registration usually same or next day)
Stability Stable jurisdiction with very good reputation
Time Zone GMT+4
Secretary required Yes, but can be same person as the director and shareholder.
Paid up capital requirement No paid up capital requirement
Basis of legal System U.A.E. Law
Minimum shareholders / directors Minimum of 1 Director and 1 Shareholder
Fees
  Fee (USD/EUR) Renewal Fee (USD/EUR)

Ajman Offshore Company, basic company formation incl. registered office, first year's government fees, agent fees.

4,395.00
3,722.68

2,495.00
2,113.33

Nominee Director

995.00
842.79

995.00
842.79

Bank account opening in Dubai in person. Accounts all major currencies, and internet banking. Min. deposit ap. 7000 USD, recommended 14000 USD. Credit card can be issued separately from the bank, against 125% guarantee cash deposit to monthly credit limit.

1,495.00
1,266.31

-

Bank account opening through correspondence with a well established bank in the Caribbean. Accounts in all major currencies, no name debit cards in USD/EUR/GBP, payroll cards, corporate credit cards and Internet banking. The bank also offers investments in Gold/Silver, Stocks, Forex, Futures. Min. deposit 500 USD.

995.00
842.79

-

Bank account opening through correspondence with a well established bank in Belize. Accounts in all major currencies, corporate credit cards, no name debit cards and internet banking. Min. deposit 5000 USD.

995.00
842.79

-

Courier Delivery MANDATORY

110.00
93.17

-

Required documents: Notarized passport copy, utility bill in original. A bank reference letter or a bank statement for the past 3 months. None of the documentation can be older than 3 months.

CAUTION: Many others list low fees that do not include what is necessary, our fees are Complete.

Read more about Ajman - UAE companies below:

About the United Arab Emirates

The United Arab Emirates, often shortened UAE or simply the Emirates, is a federation in the southeast of the Arabian peninsula, bordering Oman and Saudi Arabia. UAE consists of seven emirates, ruled by emirs; Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. The capital is Abu Dhabi and is the country's center for political, industrial and cultural activities. The country has the world's 6th largest oil reserves and is one of the most developped economies in West Asia. It is the 35th largest economy in the world and possesses a per capita GDP of 47 407 USD according to the IMF.

About Ajman

Located on the western coast of UAE, coast of Persian Gulf. Ajman is only 12km from Dubai and a 25 min cab ride away from Dubai International Airport. It is boarded north, east and south by the Emirate of Sharjah. Area size is around 260Km2 and population is ap. 240,000 (year 2010). Ajman is the smallest emirate out of the seven emirates constituting the UAE.

The free zone was established in 1988, and received autonomous status in 1996 by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman. However it was not until 2014, that Ajman implemented offshore legislation.

Ajman Free Zone Authority is currently under multi-million Dirhams development projects, that will enhance the facilities competitiveness in the near feature.

Main economy is real estate, tourism, healthcare, financial services, alternative energy, agriculture, technology and human resources management.

Ajman Offshore Companies

Ajman Free Zone Authority (AFZA) is the regulatory body for offshore companies registered in Ajman. The Authority issues licensing and sanctioning authority to Ajman offshore jurisdiction.

Ajman is situated in a prime location that favours both Eastern and Western markets. Furthermore, Ajman Offshore offers lucrative tax treatment to entrepreneurs and provides a structure that provides a structure that helps them protect and manage their assets. The rate of taxation is 0%, and the degree of confidentiality and privacy is excellent. This strengthens the reputation of Ajman as a reputable business hub and financial center.

Ajman and RAK are the only emirates in UAE that have implemented a similar offshore structure as is used in other financial centers as BVI, Cayman Islands, Panama, Seychelles etc. Ajman is our preferred emirate for establishing offshore structures in UAE.

One of the major benefits of incorporating a company in Ajman is that UAE is on the OECD's white list but at the same time practice extremely tight secrecy. According to our sources the country has not even been approached by the OECD to change its strict bank or corporate secrecy laws. We think that the main reason, could be the country's giant oil reserves. Basically the OECD countries do not want to get on the wrong side of the UAE government.

Key facts about Ajman and UAE

  • All deposits guaranteed by the state
  • No tax haven stigma as UAE is on the white list of OECD
  • Absolute privacy, confidentiality and protection of assets and information
  • 100% tax exemption
  • 100% foreign ownership (no local sponsor is required)
  • Limited liability company(option to have Inc. or Ltd.)
  • Only one director required
  • Only one shareholder required
  • Minimum share capital only AED 1,000 (ap. 275 USD)
  • Ability to maintain corporate bank accounts in UAE
  • Ability to own real estate, patents and trademarks in UAE
  • No reporting requirements
  • No annual audit report needs to be submitted to the authorities