Ajman Offshore is one of the most popular and cost-effective offshore jurisdictions in the UAE. The characteristics of an Ajman Offshore company are as follows:
- Easy Setup: Unlike other offshore jurisdictions, setting up an Ajman offshore company is easy and quick, as no physical presence is required to register a company. The process can be completed in a matter of days.
- 100% Foreign Ownership: One of the main benefits of an Ajman Offshore company is that it allows for 100% foreign ownership. This means that investors can set up a company without the need for a local sponsor or partner.
- Tax Benefits: Ajman Offshore companies are exempted from all forms of taxes, including corporate tax, VAT, and personal income tax.
- Reduced Compliance Requirements: Ajman Offshore companies have limited compliance requirements, making them an ideal option for businesses that want limited financial reporting obligations.
- Confidentiality: An offshore company in Ajman offers a high degree of privacy and confidentiality, as the details of the beneficial owner are not public.
- Low Cost: The cost of setting up and maintaining an Ajman Offshore company is relatively low, making it an attractive option for small and medium-sized enterprises (SMEs).