Overview of the New Free Zone in Ajman
The Ajman NuVentures Centre Free Zone (ANCFZ) was launched in 2024 with a focus on innovation, technology, and faster business growth. The free zone is designed to provide entrepreneurs and companies with efficient setup solutions and the support needed to establish and scale their businesses.
Technology plays a key role in the ANCFZ setup process, with AI and machine learning used to streamline company registration, documentation, and licensing procedures. By automating key processes, ANCFZ aims to make business setup faster, more efficient, and less prone to administrative errors.
Benefits of Business Setup in Ajman NuVentures Centre Free Zone
ANCFZ offers a technology-driven and flexible business environment designed to simplify company formation for entrepreneurs, startups, SMEs, and international investors. Key benefits include:
- ANCFZ offers cost-effective company formation packages with flexible instalment options, helping entrepreneurs manage their initial setup expenses.
- Businesses can benefit from Ajman’s growing infrastructure and access to a skilled workforce, creating a supportive environment for day-to-day operations and growth.
- ANCFZ provides a streamlined setup process, with eligible business licences issued within two hours and residence visas processed within 48 hours after application.
- Most approved business activities in ANCFZ do not require a minimum paid-up capital, making the free zone accessible to startups and growing businesses.
- Its location in Ajman provides convenient connectivity to major transport hubs, helping businesses reach domestic and international markets efficiently.
- ANCFZ allows investors to establish businesses with 100% foreign ownership, giving them full control over their company and operations.
- Entrepreneurs can benefit from a business-friendly UAE tax environment, with no personal income tax and corporate tax treatment subject to applicable UAE regulations and qualifying conditions.
- ANCFZ provides a digital-first company formation process, allowing entrepreneurs to complete key registration and licensing procedures with reduced paperwork
- The free zone supports more than 3,500 approved business activities, giving entrepreneurs a broad choice when selecting activities for their company.
