Offshore company formation in Ajman was allowed only as late as 2014. The Ajman Free Zone Authority offers benefits such as zero taxation, complete privacy and 100% repatriation on profit to offshore companies in Ajman Free Zone. The cost to set up an offshore company in Ajman is the cheapest in UAE and the time taken to establish it is the least. Ajman offshore companies are non-resident companies and are not issued operating licenses. Here, these companies will only get a company incorporation certificate. No Ajman offshore company can conduct business within United Arab Emirates. These shareholders are, however, allowed to invest in UAE companies. However, for Ajman offshore company registration, a director of shareholder needs to be physically present in Ajman Free Zone office, along with a registered agent, and personally sign the documents.
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.