UAE Announces Free Zone Offering Licenses in 15 Minutes, Visas in 48 Hours
Attracting over 450 businesses in less than two months, the newest free zone in the UAE, the Ajman NuVentures Centre Free Zone (ANCFZ), has rapidly made an impact, CEO Rishi Somaiya reports. Nestled in the center of Ajman, the ANCFZ stands apart from conventional free zones by stressing efficiency and client comfort, therefore providing a simplified, totally digital environment.
Strategic Advantages Driving Success
Somaiya attributed the fast expansion of ANCFZ to numerous elements unique to the UAE, including its cheap taxation laws, flexible rules, safety, dynamic lifestyle, and popular Golden Visa program, which offers long-term residency alternatives. Somaiya underlined, stressing the value proposition unparalleled worldwide, "For just Dh15,000 to Dh20,000, individuals can establish a business and obtain a residency permit."
The strategic geographic location of the United Arab Emirates also is very important since it offers close access to important markets in Europe, Africa, and the Indian subcontinent, Together with first-rate connectivity via Emirates, Etihad, and flydubai airlines, the nation has grown to be a top choice for businesspeople and investors all around.
Drawing comparisons with airlines, Somaiya explained why Emirates' dependability and service quality helped it to be successful. Likewise, companies seeking quick, effective installations find attraction in ANCFZ's focus on flawless procedures and creativity.
ANCFZ runs electronically, unlike conventional free zones, therefore simplifying investment procedures. Entrepreneurs can send and sign paperwork online without having to print or visit offices. "We manage all on behalf of our clients," Somaiya said. From drafting and checking applications to making sure all compliance criteria are satisfied, ANCFZ guarantees hassle-free starting a business.
This contemporary method has produced rather amazing efficiency. While visas are handled in just 48 hours—far faster than the usual range of several days to weeks in other free zones—business licenses are provided within 15 minutes to an hour.
Licenses for a broad spectrum of operations, including traditional services and developing sectors such gaming, blockchain, artificial intelligence, and other tech-related fields, ANCFZ offers are available. "Gaming is a booming industry and we are helping developers focused in this field," Somaiya said. From offices, co-working environments, and shared facilities, entrepreneurs also have choices for their workspace.
An further competitive advantage is the pricing system. ANCFZ provides licenses including unlimited shareholders and up to 10 activities for Dh12,000. Early payment choices help to lower expenses even down to Dh10,800. Start-ups and small companies can also access the zone because of its monthly payment schedule.
Banking Support and Prospective Entrepreneurship
Opening a business bank account at ANCFZ streamlines a task that many start-ups in other free zones find difficult. Thanks to relationships with nearby banks, companies licensed through ANCFZ may usually set up accounts within one week to ten days.
Acknowledging the change in world patterns, Somaiya noted the growing predisposition of young people toward entrepreneurship. "Everyone sought employment twenty-five years ago. Starting businesses now takes the stage. Young creatives drive the entrepreneurial ecosystem ahead with their amazing ideas and exposure.
The fast success of ANCFZ reflects a more general change in the corporate scene of the UAE, Free zones like ANCFZ are likely to draw innovators and investors that value speed, cost-effectiveness, and adaptability as new technologies like blockchain and artificial intelligence become essential in many sectors.
ANCFZ positions itself as a forward-looking center for modern companies by streamlining procedures, cutting expenses, and allowing growing sectors, Its focus on operational effectiveness and client satisfaction reflects a more general UAE approach to keep leading worldwide in entrepreneurship and creativity.
ANCFZ shows how the UAE keeps leading in establishing surroundings fit for corporate success with its creative approach and fast expansion, The UAE's reputation as a worldwide corporate destination is further strengthened as the free zone draws different businesses, which will be very important in the non-oil economy of the nation.