The Ajman NuVentures Centre Free Zone (ANCFZ) is a specialized free zone located in the Emirate of Ajman, UAE, designed to foster innovation and entrepreneurship, particularly in the fields of technology, startups, and consultancy services. It was established to create a business-friendly environment tailored for companies looking to engage in technology-driven activities, digital transformation, and professional services. ANCFZ offers a dynamic ecosystem for companies to grow and thrive while benefiting from the wide range of incentives provided by the free zone.
Ajman NuVentures Centre is particularly appealing for startups and small to medium-sized enterprises (SMEs) as it offers an affordable and flexible business setup process, alongside a range of incentives that help reduce operational costs and increase profitability
Industry Focus
- Ajman NuVentures Centre Free Zone (ANCFZ) caters to businesses in the following sectors:
- Technology
- Innovation & Startups
- Consultancy
- E-commerce
- Software Development
- Digital Media
Ownership
- 100% Foreign Ownership : Investors can hold full ownership of their businesses without the need for a local partner.
Business Licenses
- Types of Licenses available in ANCFZ:
- Business License: For technology-related businesses, consulting firms, or e-commerce platforms.
- Service License: For professional services like consultancy or software development.
- Freelance License: For individuals and independent contractors.
Taxation
- 9% Corporate Tax: On exceed of net profit of 375,000 AED, corporate tax will be applicable.
- No Personal Income Tax: No tax on personal income for employees or investors.
Office Space Solutions
- ANCFZ provides several office space options:
- Flexi-desks: For small businesses and freelancers.
- Serviced Office: Fully furnished office spaces.
- Virtual Office: Ideal for digital businesses and remote teams.
Visa & Immigration
- Visa Eligibility: Companies in ANCFZ can apply for residence visas for employees and investors, based on office size and business needs.
- Family Sponsorship: Investors can sponsor family members for residence visas.
Regulatory Framework
- Companies in ANCFZ must comply with UAE federal laws and free zone-specific regulations set by the Ajman NuVentures Centre Authority.
Compliance & Reporting
- Companies must maintain annual auditing and file financial reports.
- Compliance with the UAE’s business regulations is required, including VAT filings and adherence to labor laws.
Cost of Formation
- The cost of registering a company in Ajman NuVentures Centre Free Zone typically starts from AED 5,000, depending on the type of business, office space, and visa requirements.