Requirements for Obtaining a
a Shams Free Zone License

Documents

LLC (Individual Shareholder)

Branch

Certificate Of Incorporation

Memorandum & Articles of Association (MoA and AoA)

Board resolution to establish a new company

Board resolution to establish a new branch

Certificate of good standing, valid trade license

General Documents Required
for Dubai South Company Setup

Passport

Responsive

Effective

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Business Structures
Under Sharjah Publishing City Free Zone (SPC)

Set Up your
company in Ajman Offshore

Entrepreneurs in the UAE enjoy the flexibility of setting up offshore companies through entities like RAK ICC, JAFZA, or Ajman Free Zone, alongside mainland and free zone companies.Offshore companies, in contrast to their local counterparts, operate internationally while being registered within the UAE. This setup offers the benefit of limited liability, offering robust financial protection for entrepreneurs.

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Benefits of setting an offshore company in Ajman Offshore/Ajman Free Zone

Privacy

Offshore companies are not obligated to disclose financial information publicly or reveal personal details of their directors and shareholders in public records. Additionally, there is no mandate for offshore businesses to undergo auditing.

International Expansion

Establishing an offshore company with a UAE-based address instantly enhances a business's credibility, paving the way for new international partnerships and activities. Simultaneously, this setup enables you to open a UAE bank account, granting unparalleled access to multiple currencies and facilitating global transactions.

Tax Exemptions

As of 2023, the UAE introduced a corporate tax rate of 9%. Nonetheless, offshore companies, being ineligible to conduct business operations within the country, are exempt from this tax.

Less Liabilities

Having an offshore company provides assurance that its assets and possessions are safeguarded in the event of legal actions. Additionally, they offer asset protection for investors by establishing a legal barrier between the company's resources and external parties.

Types of Offshore companies in Ajman Free Zone

Unlike mainland and free zone companies that provide business licenses, offshore companies in Ajman Free Zone are issued certificates to operate UAE-based firms instead. This is because an offshore company in Ajman Free Zone is not authorized to conduct operations within the country, hence they do not receive licenses.

Here are the company types or activities available for an Ajman Free Zone business setup, depending on your needs or activities:

Trading

Investment Holding

Property Ownership

Asset Protection

Setting up an Offshore Company in Ajman Free Zone

To set up an offshore company in Ajman Free Zone, we need to have some requirements in place. These are

Application Form
Copy of Passports for all Shareholders
UAE Entry Stamp Page Copy
Bank reference letter from all the stakeholders
Residential Proof from all the Shareholders
Curriculum Vitae of every shareholder
If shareholders are corporate entities, please submit the following additional documents: Board Resolution granting Power of Attorney, Certificate of Incorporation, Certificate of Good Standing, and Memorandum of Association.

Cost of Company Formation in Ajman Offshore

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Steps in setting up your offshore company in Ajman Offshore

YABS UAE provides comprehensive services for Ajman Offshore Company formation, offering extensive guidance and support to streamline the complex process of establishing an Ajman Free Zone Offshore Company.

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Choose the company’s name and activities

The first step in setting up an Ajman Offshore business is to define your company's activities and reserve a name that is suitable for your business, avoiding any offensive or sensitive religious or political connotations.

Find a local and registered agent

The registered agent will support you with the communication and administrative tasks required for forming an Ajman Offshore Company.

Send documents and application

A crucial aspect of the Ajman Offshore Company formation process is to gather all the required documents as per the list provided above and submit them for review.

Prepare MOA and AOA

Before submission, ensure that your company's Memorandum of Association (MOA) and Articles of Association (AOA) are notarized and translated into Arabic.

Open Corporative Bank Account

Lastly, open a bank account for the corporate transactions of your Offshore Company in Ajman Free Zone. Include the bank documents along with the rest of your company application during submission.

Requirements for Obtaining a
a Shams Free Zone License