Offshore Business Licenses in Ajman
Currently home to over 500,000 residents, Ajman is one of the seven emirates that make up the United Arab Emirates (UAE). In addition, Ajman is renowned for its attractive landscape, rich cultural legacy, and promising business prospects. Considering their many advantages, offshore company licenses in Ajman attract a lot of investors and businesses. You can run a business without having a physical presence in the United Arab Emirates if you get an offshore business license in Ajman.
The Amiri Decree No. 3 of 1996 created the Ajman Free Zone Authority (AFZA) in 1988, and it is responsible for issuing offshore business licenses in Ajman. As a result, Ajman established itself as a separate entity that oversees and supports the free zone. Ajman’s offshore company licenses provide several benefits and incentives, including 100% ownership, no taxes, no currency limits, cheap operating expenses, and simple incorporation processes, to entice international investment.
There is no minimum capital requirement or yearly audit for offshore firms in Ajman, in contrast to other offshore jurisdictions. They are also able to own property in certain locations and create bank accounts both domestically and internationally. Ajman offshore businesses are capable of doing a wide range of tasks, including holding, trading, investing, and consulting. However, unless they establish a local agent or a branch office, they are unable to conduct business with citizens of the UAE or within the country.
