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Setup Your Company With

Offshare Company

at the RAK ICC, Jafza, or Ajman Free Zone

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RAK ICC, Jazfa, or Ajman Free Zone Besides mainland and free zone companies, entrepreneurs also have the option to set up offshore companies in the UAE. For anyone thinking what is an offshore company – simply put, these are businesses that are registered in the UAE while carrying on operations outside the country. They are limited liability companies, which means its finances are well protected.

An offshore company is typically used for international trading, shipping, patents & international consulting, owning real estate, registering copyrights, or as holding companies. Within the UAE, there are three main territories where most choose to form offshore companies. These are Ras Al Khaimah International Corporate Center or RAK ICC, Jebel Ali Free Zone or JAFZA, and Ajman Free Zone or AFZ.

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Advantages of Setting Up an
Offshore Company

Confidentiality

Offshore companies aren’t required to publish any financial information, or share their directors’ & shareholders’ personal details on public records. There is also no requirement for offshore businesses to be audited.

Fewer Liabilities

With an offshore company, there’s assurance that its possessions and assets are protected in the case of any legal pursuits. They also enable asset protection for investors, creating a legal wall between the company’s resources and any third parties.

Avenue to International Expansion

Forming an offshore company that has a UAE-based address will immediately create credibility for a business, opening new opportunities for international partnerships and activities. At the same time it’ll allow you to open a UAE bank account, which gives you unparalleled access to multiple currencies and global transactions.

Tax Incentives

In 2023, the UAE will begin implementing corporate taxes of 9%. But since offshore companies are not actually eligible to operate their businesses in the country, they will be exempted from these upcoming taxes.

Setup an Offshore Company

Depending on your business needs, you may choose to set up an offshore
company from one of these three options:

RAK ICC

Jafza

Ajman Free Zone

Ajman Free Zone
(AFZ)

The Ajman Free Zone offers progressive infrastructures and is open for a wide range of onshore and offshore businesses. Trading, consultancy, and holding companies are some offshore activities permitted here. The free zone is also fast-growing, seeing 45% growths in certain sectors. It offers these benefits:

Benefits

  • Close to the Ajman port and the Dubai and Sharjah airports
  • Ajman Free Zone companies can enjoy an incorporation time of just a few days
  • Allows offshore company owners to hold shares in UAE free zone companies & LLCs
  • Physical office is not required
  • Cost-effective offshore incorporation option
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Types of Offshore Companies
in Ajman Free Zone

Unlike mainland and free zone companies which offer business licenses, offshore companies are given certifications to operate UAE-based firms instead. This is because an offshore company in the UAE is not technically allowed to operate within the country, so they do not get issued licenses.

Depending on your business needs or activities, here are the company types or activities for an offshore company:

Holding Company

General Trading

Professional Services

International Services

Investments

Shipping & Ship Management

Advisory & Consulting Services

Property Owning

Brokerage

Online Advertising

Requirements for Setting Up an
Offshore Company in Ajman Free Zone

The requirements to set up an offshore business depends on where and how it’ll be formed.
  • Application Form
  • Passport Copies of Shareholders
  • Copy of UAE Entry Stamp Page
  • Original Bank Reference Letter from all Shareholders
  • Proof of Residency for all Shareholders
  • Curriculum Vitae or Profile of Shareholders
  • If shareholders are corporate bodies, submit these additional documents: Board Resolution awarding Power of Attorney, Certificate of Incorporation, Certificate of Good Standing, and Memorandum of Association

Cost of Setting Up an
Offshore Company in AFZ

The price for offshore company formation in the UAE depends on the chosen option.
This rate will also differ based on the business activities, number of shareholders, office space requirements, and other factors.

Like RAK ICC, the cost to set up an offshore company at the Ajman Free Zone starts at

USD 2,050 or AED 7,500.

To get an estimate of your offshore company formation rates,
use our COST CALCULATOR

Explore Monthly
Payment Plans
with Selected Banks

Convert your transactions into easy and affordable monthly instalments with our selected range of banking partners. Spend a minimum of AED 1,000 on your credit card issued from any of our participating banks and repay in easy instalments over a period of 12 months.

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Steps

  • Make a minimum purchase of AED 1,000 through your credit card for any services issued by Creative Zone
  • Call the banking services of any our partner banks and request to convert your purchase to an Easy Payment Plan
  • Get the option of paying over 3, 6, 9 or 12 months
  • General terms and conditions with the banks will apply

Steps in Setting Up an Offshore Company
in Ajman Free Zone

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1

Choose your company name & activities

The initial step for offshore companies in Ajman is also to determine company activities, and reserve a company name that fits your business. This must abide by the regulations of not being offensive, religious, or political.

2

FInd a registered agent

The registered agent will help offshore companies in Ajman conduct the communication and administrative work needed to set up an offshore company there.

3

Send in your application & documents

An important part of the Ajman offshore company registration process is to compile all the necessary documents based on the list above, and submit these for review.

4

Prepare your MOA & AOA

These forms must be notarized and translated into Arabic before they are submitted

5

Open a bank account

Finally, open a bank account for your corporate business transactions. The bank documents must also be sent in along with the rest of your company application.

800-LICENSE (542 3673)

If you are calling from outside the UAE, please contact us on

+971 4 567 7333

or email us at
[email protected]

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Office 105, Level 1, Emaar Square – Building 4, Sheikh Mohammed Bin Rashid Boulevard Downtown Dubai, United Arab Emirates

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