Company Formation in Ajman Offshore
Any business person wanting to set up a business in the UAE needs to provide oneself with a good working knowledge of the free zones. One of the prominent UAE Free Zones that conduct industrial activities is the Ajman Free Zone Authority (AFZ). It was established in 1988 and was allowed an independent status by the ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Naumi. With the benefits that they bring for a start-up, free zones can prove highly advantageous for business setup.
The planned geographical location of Ajman free zone is one of its advantages since it is only 25 minutes away from the international airport. AFZ has a lot of businessmen carrying out Ajman Free Zone company formation as they continue to develop their substructure.
There are 4 types of ownership from which business owners can choose from to form a company in Ajman Offshore:
Free Zone Establishment (FZE) License
Free Zone Company (FZC) License
Branch of a Local Company
Branch of a Foreign Company
The following are the advantages of Ajman offshore company formation:
Low cost of company system.
No need to rent an office space or industrial place. The legal address of offshore Ajman agent is the address of the offshore company.
No annual audit required
No paid-up share capital required
Easiest registration process as the company setup documents can be delivered within a day.
AFZ is globally recognized.
Offshore companies in Ajman can also open a bank account.