The Ajman Free Zone Authority (AFZA), established in 1988, also serves as a strategic hub for offshore company formation. An Ajman offshore company provides a confidential and tax-efficient structure for international business and asset protection.
This type of company is ideal for investors seeking a quick, low-cost solution with minimal administrative requirements. An Ajman offshore company is designed for international trade and asset holding and is not permitted to conduct business within the UAE.
Key Advantages and Activities
- No Physical Presence Required: There is no need for a physical office or industrial premises.
- Confidentiality: Ajman offshore offers a high degree of privacy for company shareholders.
- No Trading in the UAE: This entity is strictly for international business and cannot conduct operations within the UAE.
- No Audits Required: There is no mandatory requirement to submit an annual audit report, which reduces administrative burden.
- Holding Company Structure: An Ajman offshore company can be used as a holding company to own shares in other companies registered anywhere in the world, including Free Zone companies in the UAE.
- Fast and Efficient Setup: The incorporation process is exceptionally quick, often completed in just one working day after all documents are submitted.
- No Visa Requirement: Founders and directors are not eligible for a UAE residency visa through this type of company.
Required Documents for Incorporation
To incorporate an Ajman offshore company, you will need to provide the following documents:
- Passport copy of the shareholder(s)
- Original proof of residence (e.g., a recent utility bill or bank statement showing the address)
Duly signed application form and Memorandum of Association