Ajman NuVentures Centre Free Zone attracted more than 450 companies in less than two months

According to a senior official, the Ajman NuVentures Centre Free Zone (ANCFZ), the most recent free zone created in the United Arab Emirates, has drawn over 450 businesses in less than two months. 

ANCFZ has more than 450 businesses in all important industries. The United Arab Emirates has roughly 47–48 free zones. 

The UAE's free zones have been crucial to the growth of the non-oil economy by drawing multinational corporations and fostering the rapid expansion of domestic businesses.

The ANCFZ, which is situated in the center of Ajman, is entirely digital in terms of setup, in contrast to other free zones that have built massive infrastructures with numerous departments and staff operating under outdated regulations. Therefore, investors don’t need to download to print applications. From the convenience of their homes, they can digitally sign the documents.

It typically takes three to four days to open a business. It would take an additional 15 to 20 days to obtain a visa.

Regarding operations, the new free zone provides licenses for every service permitted by UAE legislation.