Ajman's new free zone and cooperation regulations

Ajman NuVentures Centre Free Zone (ANCFZ) is a digitally managed free zone in Ajman. In less than months since its launch, ANCFZ has attracted more than 450 companies.

Benefits of ANCFZ:

- provides services to small and medium-sized enterprises as well as large multinational corporations;
- offers company registration, visa application and legal support;
- issues visas in 2 days and licences in 2 hours;

- offers 1029 types of licences for various kinds of economic activities authorised by law.

We have prepared a list of current legislative acts that you need to know when cooperating with a new free zone:

- Emiri Decree On the Establishment of the ANCFZ  (Emiri Decree No. 15 of 2023);
- Cabinet Decision No. 57 of 2020 Concerning Economic substance requirements (as amended on 02.09.2024);
- UAE Economic Substance Regulations. Guidance on Economic Substance Report;
- FTA Corporate Tax Guide. Guide for Free Zone Resident Persons;
- Circular to entities carrying on their activities in the State including commercial free zones of designated non-financial businesses and professions.

UAE, Ajman - 21 November 2024
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