Offshore Company Formation – Ajman
About the Emirate of Ajman
The Ajman is the smallest of the seven emirates, having a mere area of 260 square kilometres which makes it the smallest emirate in terms of area. If we calculate it in percentile, then Ajman covers only 0.3% area of the UAE without the islands. Ajman has a population of about 262,186 as of 2011 and its GDP was AED 16,441 according to the current prices, recorded in 2013.
Ajman is a small emirate and despite having very small area, it has few sandy beaches, however it is predominantly described by the tough Hajjar mountain range. In spite of the fact that Ajman city is modern and provides up-to-date services and facilities, it mirrors its traditional appeal. Shaykh Humayd bin Rashid Al Nuʿaymi is the ruler of the Ajman.
Economy of the Emirate of Ajman
As stated by the Ajman Annual Economic Report 2014, GDP growth of the Ajman is increased by the 5%, at current market prices it is as grown from AED 15,690 million to AED 16,441 million in 2013. Since ancient times, Ajman’s economy is relying on fishing and trade which helped the city to emerge as a growing city with all the latest technology and facilities.
In the recent GDP growth of Ajman, contribution of various industries was also substantial. The real estate, construction, business services and financial corporation seems a growth of 8% in 2013, wholesale, retail trade and repairing services noticed a growth of 6% in 2013 as compared to 2012.
Ajman Port and Ajman Free Zone are the two main players in the economic growth of the Ajman.
To know more about Ajman’s economical growth, visit the link to see the annual performance report of the Ajman.
Why form an offshore company in Ajman?
Ajman established at the end of 18th century is one of the 7 Emirates of UAE. There is no corporate tax or income tax levied on businesses set up in their country. It is one of the most popular places for international investors especially after US-EU agreement to have more control over tax havens. After the 2003 EU Savings Directive, Ajman has seen a large influx of investors and young entrepreneurs.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in Ajman
- 100% tax exemption on income tax, corporate tax, capital and profit tax.
- Get trade license within 24 hours
- No annual filing required
- 24x7 banking facility available
- 0% tax on capital gains and VAT
- Create multi currency accounts
- Incorporation of your company within 1 day