COMPANY FORMATION IN AJMAN OFFSHORE

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Ajman Offshore Company Formation

Ajman Offshore is a business jurisdiction in UAE that will help investors to register an International Business Company. The Ajman Offshore is governed by the Ajman Free Zone Authority.

This offshore centre serves as an investment medium for the International Business Companies and provides them the benefits of an offshore company, which includes low taxation regime and anonymity. It also provides the investors the following features:

No requirement for offices or industrial premises
No trading within the UAE
No requirement for Chamber of Commerce registration
No residence visa for founders and directors. Shareholders and/or directors are not automatically eligible to obtain a UAE residence visa.

Within a short span of 2 years, this jurisdiction has become the most sought after Offshore Jurisdictions in the world. The hassle free process of incorporation and credibility of Ajman Emirate as one of the fastest growing regions has lured investors to establish Offshore entity in UAE.

Company Registration in Ajman Offshore

AURION is one of the best Ajman Offshore Agents in UAE. Our expert Professional Consultants will handle all the administrative tasks relating to the Ajman Offshore company formation.

Ranging from amending company information to document attestation and company document management, AURION Team will precisely handle the specific client requirement at the fastest and lowest fees.

Offshore company in Ajman can act as a Holding company to own shares in other companies anywhere in the world. Hence, an Offshore company can operate as a Special Purpose Vehicle (SPV) and safeguard the ownership of its subsidiary companies and its brand assets. SPVs help the parent companies to shield it from any financial loss tied to the specific subsidiaries.

Since Ajman Offshore is a new offshore entity, its company formation process is much faster than that of other offshore centers. The company can be incorporated in just 1 working day after company name approval and complete required documents are submitted. Also, shareholders need not come to the UAE for the company formation.

Offshore Company Formation Ajman

The documents required for Ajman Offshore company formation

Following are the documents required for the offshore company registration in Ajman

Passport copy of the shareholder/s
Shareholder's Business Profile
Address Proof - Home Country

We, at Aurion, offer entire assistance in incorporating our client’s offshore company. Additionally, we provide personal and corporate bank account opening to our clients, in several banks in the UAE. We are associated with UAE’s top banks such as First Gulf Bank, Emirates NBD, Mashreq Bank, ADIB, Noor Bank etc.

FAQs – Corporate Tax Requirements for Ajman Offshore Companies

Many of our clients ask us about the effect of Corporate Tax on their Ajman Offshore Company. For companies registered as Offshore Company in Ajman Offshore is subject to Corporate Tax depending on their modus operandi. Below are the insights on the scope of Corporate Tax for an Offshore Company in Ajman Offshore.

Do Ajman Offshore Companies have to Register for Corporate Tax?
It is mandatory for an Ajman Offshore Company to register for Corporate Tax within three months of incorporation. Failure to register within this timeframe will result in a fine of AED 10,000 (USD 2,723).
What are the Corporate Tax Rates for Ajman Offshore Companies?
Ajman Offshore Companies are subject to different corporate tax rates depending on their annual profits:
If the annual profit falls below AED 375,000 (USD 102,110), the company is not required to pay Corporate Tax, as the rate is 0%.
If the annual profit exceeds AED 375,000 (USD 102,110), the company must pay Corporate Tax at a rate of 9% on the amount accrued beyond this threshold.
Do Ajman Offshore Companies have Freezone Status?
Ajman Offshore Companies cannot claim the status of Qualifying Freezone Person (QFZP) because they are not Freezone entities registered under a Freezone Authority. It is to be noted that only QFZPs are eligible for zero percent Corporate Tax on their entire income.
Can an Ajman Offshore Company do Business with a Mainland Company?
Ajman Offshore Companies are International Business Companies. As such, they are not permitted to conduct business directly with onshore Mainland companies in the UAE.


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