Business setup in Ajman Offshore: Ajman Free Zone, which was established in 1988, has recently launched a new initiative called Ajman Offshore. This offshore center offers organizations an investment medium as well as the benefits of an offshore company, such as a zero-tax system and anonymity. It highlights the following points for investors:
- No need for an office.
- No trade within the UAE.
- No requirement of joining the Chamber of Commerce.
- No need of submitting an annual audit report.
Business setup in Ajman Offshore
Within a brief span of 2 years, this jurisdiction has turn the most looked for after Offshore Jurisdictions on the globe. The stress-free procedure of incorporation and credibility of Ajman Emirate as one of the quickest developing areas has lured investors to build up an offshore entity in Ajman.
Offshore companies in Ajman can be utilized as a Holding organization to own shares in different companies enlisted anywhere in the world. The typical technique to structure a business is to enlist an offshore company and this offshore company will hold 100% shares of a Freezone Company in UAE. A clear beneficiary of the Freezone organization will be the owner of an offshore organization however, his name is not viewed as the Shareholder or Director of Freezone organization.
- 0% income tax
- 0% tax on capital
- 0% restrictions
- 100% foreign ownership
- 100% free repatriation of profits
Ajman Offshore, the most recent offshore entity, has a much faster company formation process when compared to other offshore centers. After the organization name is approved and all required documents are submitted, the organization can be incorporated in just one working day. Similarly, shareholders are not required to travel to the UAE for company formation.
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