Ajman Offshore company formation
Ajman Offshore company formation
Are you looking to set up your business in the UAE, but want a more affordable option with more flexibility? Look no further than Ajman Offshore. As a leading business setup company in Sharjah, Prodigy Corporate Services can assist you in establishing your business in Ajman Offshore with ease.
Ajman Offshore is one of the most popular offshore jurisdictions in the UAE due to its cost-effective structure and flexible regulations. Setting up an offshore company in Ajman allows you to enjoy several benefits, such as 100% ownership, no personal or corporate taxes, and complete confidentiality.
At Prodigy Corporate Services, we offer a comprehensive range of business setup services tailored to meet your specific needs. Our team of experienced professionals can guide you through the entire process, from company registration to obtaining licenses and permits, ensuring a hassle-free experience.
We understand that each business is unique, which is why we provide personalized solutions to help you achieve your business goals. Whether you’re looking to set up a new company or expand your existing business, we are here to help.
So, if you’re looking for a cost-effective and flexible way to set up your business in the UAE, contact Prodigy Corporate Services today to learn more about our business setup services in Ajman Offshore.
Process to register a company in Ajman Offshore
Setting up a company in Ajman Offshore is a straightforward process, with the help of Prodigy Corporate Services. Here’s a step-by-step guide on the registration process:
- Choose the type of company: The first step is to decide on the type of company you want to set up in Ajman Offshore. The options available are a Free Zone Company or an Offshore Company.
- Choose a name: Once you have decided on the type of company, the next step is to choose a name for your company. The name must be unique and not already registered in the UAE.
- Submit the required documents: After selecting the company type and name, you need to submit the required documents, including the passport copy of the shareholder and director, the bank reference letter, and the company’s Memorandum of Association (MOA) and Articles of Association (AOA).
- Obtain initial approval: Once the documents are submitted, the Ajman Offshore authorities will review and provide you with initial approval for your company setup.
- Obtain a license: After obtaining initial approval, you need to apply for a license. The type of license required depends on the nature of your business activities. Prodigy Corporate Services can guide you in selecting the appropriate license type.
- Open a bank account: To operate your business in Ajman Offshore, you need to open a bank account in the UAE.
- Obtain visas: If you plan to reside in the UAE or bring in employees, you need to obtain the necessary visas and work permits. Prodigy Corporate Services can assist you in obtaining the required visas and permits.
With Prodigy Corporate Services, the entire process of registering your company in Ajman Offshore is simplified. We provide end-to-end services, including company registration, obtaining licenses and permits, opening bank accounts, and obtaining visas, making the process hassle-free for you. Contact us today to learn more about our business setup services in Ajman Offshore.
Documents required to register a company in Ajman Offshore
To register a company in Ajman Offshore, certain documents are required. Here is a list of the essential documents that you need to submit:
- Passport copies of the shareholders and directors: All shareholders and directors of the company must submit a clear copy of their passport.
- Bank reference letter: You need to obtain a bank reference letter from your existing bank, indicating that you have a good standing with the bank.
- Memorandum of Association (MOA): The MOA outlines the objectives, activities, and the share capital of the company.
- Articles of Association (AOA): The AOA outlines the company’s internal regulations, such as the appointment of directors and their duties, the conduct of meetings, and the distribution of profits.
- Application form: You need to fill in the application form provided by the Ajman Offshore authorities.
- Board resolution: If the company has multiple shareholders or directors, a board resolution is required, indicating the appointment of the authorized person to sign the company documents.
- Power of attorney: If you’re using a third party to handle the company registration process, you need to provide a power of attorney authorizing the third party to act on your behalf.
These are the essential documents required to register a company in Ajman Offshore. However, depending on the nature of your business activities, additional documents may be required. At Prodigy Corporate Services, we can assist you in preparing and submitting all the necessary documents for a hassle-free company registration process in Ajman Offshore.
Advantages of registering a company in Ajman Offshore
Registering a company in Ajman Offshore has several advantages. Here are some of the key benefits:
- Cost-effective: Ajman Offshore is one of the most cost-effective offshore jurisdictions in the UAE. The cost of setting up and maintaining a company in Ajman Offshore is relatively low compared to other jurisdictions.
- 100% ownership: As an offshore company, you can enjoy 100% ownership of your business without the need for a local sponsor or partner.
- Tax benefits: Offshore companies in Ajman are exempt from personal and corporate taxes, making it an attractive option for entrepreneurs and investors.
- Asset protection: Ajman Offshore provides a high level of asset protection and confidentiality. Your personal and business assets are protected from creditors, and the details of your business activities are kept confidential.
- Flexible regulations: Ajman Offshore has flexible regulations, allowing for a wide range of business activities. This flexibility makes it easier to conduct business and adapt to changing market conditions.
- Easy setup process: The process of registering a company in Ajman Offshore is straightforward, and the registration requirements are minimal, making it an ideal choice for entrepreneurs looking for a quick and hassle-free setup.
At Prodigy Corporate Services, we can assist you in setting up your company in Ajman Offshore and provide you with the necessary guidance to take advantage of these benefits. Contact us today to learn more about our business setup services in Ajman Offshore.
Exact cost of registering a company in Ajman Offshore
The cost of registering a company in Ajman Offshore can vary depending on several factors, such as the type of business activity, the number of shareholders and directors, and the level of services required.
Generally, the cost of setting up a company in Ajman Offshore includes the following:
- Incorporation fees: This includes the fees for registering the company with the Ajman Offshore authorities and obtaining the necessary licenses and permits.
- Registered agent fees: You will need to appoint a registered agent who will act as a liaison between your company and the Ajman Offshore authorities. The registered agent will also provide you with the necessary services such as a registered office address, mail forwarding, and other administrative services.
- Annual renewal fees: Once your company is registered, you will need to pay annual renewal fees to keep your company in good standing.
The total cost of setting up a company in Ajman Offshore can range from AED 20,000 to AED 35,000 or more, depending on the level of services required.
At Prodigy Corporate Services, we offer competitive pricing for our business setup services in Ajman Offshore. We can provide you with a detailed breakdown of the costs involved and help you choose the most cost-effective package that meets your business needs. Contact us today to learn more about our business setup services in Ajman Offshore.
FAQ'S
Frequently Asked Questions
What is the minimum share capital required to register a company in Ajman Offshore?
There is no minimum share capital requirement for setting up a company in Ajman Offshore. However, it is recommended to have at least AED 10,000 as share capital.
Can a foreigner own a company in Ajman Offshore?
Yes, foreigners can own 100% of a company registered in Ajman Offshore without the need for a local partner or sponsor.
Is it necessary to have an office in Ajman Offshore?
No, it is not mandatory to have a physical office in Ajman Offshore. You can use the registered agent’s office address as your registered office address.
How long does it take to register a company in Ajman Offshore?
The company registration process in Ajman Offshore takes approximately 5-7 working days, depending on the completeness of the documents submitted.
Are there any restrictions on the type of business activities that can be carried out by an Ajman Offshore company?
Ajman Offshore allows a wide range of business activities, including trading, consulting, investment, and holding of property. However, certain activities such as banking, insurance, and financial services are prohibited.
Can I open a bank account in the UAE for my Ajman Offshore company?
Yes, you can open a bank account in the UAE for your Ajman Offshore company. However, you will need to provide the necessary documents and meet the bank’s requirements.
At Prodigy Corporate Services, we can assist you with any questions you may have about setting up a company in Ajman Offshore. Our experienced team can provide you with the necessary guidance to ensure a hassle-free registration process.
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