AJMAN - UAE
AJMAN - UAE OFFSHORE COMPANY WITH DUBAI BANK ACCOUNT
Ajman - UAE Companies are suitable for:
- 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|
|Timeframe||Ajman has a fast and efficient Registry (name and incorporation/registration usually same or next day)|
|Stability||Stable jurisdiction with very good reputation|
|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|
|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
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