The Ajman NuVentures Centre Free Zone (ANCFZ) has announced a significant milestone, successfully registering over 6,500 companies within its first year of operations. This rapid growth highlights the free zone’s emergence as a dynamic business hub in the UAE, bolstering Ajman’s appeal to entrepreneurs and investors with its focus on digital efficiency and affordability.
A Digital-First Approach to Business Setup
Since its launch, ANCFZ has streamlined the company formation process through a fully integrated digital platform. This system enables investors to secure a business license in as little as two hours and complete visa processing within 24 hours, setting a new standard for speed and convenience in the region.
While the portal is fully digital, ANCFZ employs a hybrid service model. A dedicated team manages the entire process for clients, handling documentation, approvals, licensing, and compliance. This allows entrepreneurs to maintain focus on their core business operations while the administrative setup is managed on their behalf.
Sheikh Mohammed bin Abdullah Al Nuaimi, Chairman of ANCFZ, stated: “This achievement reaffirms Ajman’s standing as a thriving business hub aligned with Ajman Vision 2030. Surpassing 6,500 company formations within one year demonstrates the confidence entrepreneurs place in Ajman’s forward-thinking economic policies and the Free Zone’s innovative digital model.”
Fueling Ajman’s Economic Diversification
The free zone’s success contributes directly to Ajman’s economic development and aligns with the UAE’s broader vision for an innovation-driven economy. By attracting a high volume of new businesses, ANCFZ is playing a key role in diversifying the emirate’s economic base.
Rishi Somaiya, CEO of ANCFZ, commented: “Our vision is to empower a new generation of entrepreneurs by delivering simplified, technology-driven business solutions. This milestone reflects our commitment to supporting Ajman’s economic growth while strengthening the UAE’s global leadership in innovation and business excellence.”
Targeting Emerging Tech Sectors
ANCFZ has strategically positioned itself to attract companies in high-growth, emerging sectors, including artificial intelligence, blockchain, digital gaming, and creative technologies. Its flexible licensing structure, which permits up to ten business activities under a single license, is particularly appealing to modern enterprises operating across multiple domains. This focus aligns with the UAE’s Digital Economy Strategy 2031, aiming to double the digital economy’s contribution to the national GDP.
A Competitive Player in the UAE’s Free Zone Landscape
In a market with over 45 free zones, ANCFZ distinguishes itself through its emphasis on speed, innovation, and a customer-centric approach. It offers comprehensive, all-inclusive packages starting at AED 10,800, which cover licensing, visa facilitation, and workspace solutions. Its strategic location in Ajman also provides businesses with seamless access to key logistics corridors connecting markets across the Middle East, Africa, and Asia.
Sheikh Mohammed bin Abdullah Al Nuaimi added: “Ajman NuVentures Centre Free Zone introduces a new benchmark for entrepreneurial support by combining ease of setup, affordability, and world-class digital infrastructure. We are focused on enabling businesses to thrive and drive Ajman’s economic diversification.”
About Ajman NuVentures Centre Free Zone
Ajman NuVentures Centre Free Zone (ANCFZ) is a business hub in the UAE that provides a fully digital platform for company formation. It offers entrepreneurs and investors a streamlined, efficient, and affordable path to establishing their businesses, with a focus on emerging technology sectors. By combining digital convenience with personalized support, ANCFZ aims to empower business growth and contribute to Ajman’s economic vision.
Source: My Startup World
