Offshore Business Setup in Ajman
Ajman Free Zone was established in 1988 and was granted an autonomous status under the Emiri Decree No. 3 of 1996 by the Ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Nuami. During the last few years, there is an apparent increase in the number of company formation in the free zone.
Ajman Offshore is under the regulations of Ajman Free Zone Authority. Just like any other offshore jurisdictions, it offers a Zero Taxation System and the company’s confidentiality/privacy & security are kept intact (The legal address of the offshore company is the address of the registered agent).
Ajman Offshore Authority does not allow Bearer Shares. And being a new offshore entity, their process for offshore company formation is much faster than the other offshore jurisdictions. Once company name & activity approvals are done, and all incorporation documents are complete upon submission to the Offshore Authority, the offshore company can be incorporated in a matter of 1-2 working days.