How to Start an Insurance And Reinsurance Policies Selling Business Setup

A licensed insurance agents and brokers business serves the UAE's financial-auxiliary and capital-markets services market.¹

Regional demand, government investment in the sector, and strong enterprise and consumer need drive sustained demand for licensed insurance agents and brokers businesses.²

For operators, this activity benefits from SCA and Central Bank of the UAE oversight, a clear regulatory framework, and strong regional distribution reach.³

That combination of capital-markets infrastructure, cross-border flows, and a growing fund sector is exactly where the opportunity lies.

The UAE has positioned capital markets and financial services as strategic pillars under the Dubai Economic Agenda D33 and We the UAE 2031, with explicit support for auxiliary activities.

Who is this for?

Setting up through Meydan Free Zone means 100% foreign ownership, zero corporate tax on qualifying income, full profit repatriation, and a fully digital licensing process, giving you a fast and cost-effective route into the Dubai financial services market.

6622.01 - Insurance Agents And Brokers

Under this activity, you are in the business of operating a licensed insurance agents and brokers business.

Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹

There are some things this activity does not cover. Related but distinct services fall under separate activity codes.

Activities that are separately regulated or that belong to a different industry class are classified under their own codes.

In short: if you are operating a licensed insurance agents and brokers business, you are in. If you are delivering a related but distinct service that falls under another activity, you are not.

Third-Party Approval

This business activity requires third-party approval before the trade licence is issued. In practice, your operational model, facility, and regulatory documentation must be reviewed and cleared by the relevant authority before licensing.

Anti-Money Laundering Compliance

This business activity is exempt from AML compliance requirements.

Citations

¹ Securities and Commodities Authority - https://www.sca.gov.ae/en/home.aspx

² DIFC - Dubai International Financial Centre - https://www.difc.ae/

³ Central Bank of the UAE - https://www.centralbank.ae/en/