Offshore business formation in Ajman was only permitted in 2014. The cost to set up an offshore company in Ajman is the cheapest in the UAE, with benefits such as zero taxation, complete privacy, and 100% profit repatriation. Offshore companies are non-resident companies that are not given a company incorporation certificate. No offshore business in Ajman can co-operate with Emirates. These shareholders may, however, invest in UAE company registration; however, a director of the shareholder must be physically present in Ajma agent and directly sign the papers.