Table of Contents
Topic Summary
Choose the Right Free Zone for Your Business
Meydan Free Zone offers 100% foreign ownership, zero corporate tax on qualifying income, and full profit repatriation. Its fully digital licensing process makes it one of the fastest and most cost-effective entry points into Dubai's financial services market.
Understand What This Activity Code Covers
Activity code 6629.01 covers core operations, regulated delivery, client engagement, and back-office support for insurance and pension funding-related services. If your business fits within these parameters, a Meydan Free Zone trade licence is sufficient to begin operations.
Know Who This Business Setup Is For
This licence is suited to financial-auxiliary service providers, capital-markets and fund operators, and international financial firms entering the MENA region. It covers businesses offering brokerage, advisory, custody, administration, and related services to financial-market participants.
Leverage a Clear Regulatory Framework
The activity operates under oversight from the Securities and Commodities Authority and the Central Bank of the UAE, providing a well-defined compliance structure. This regulatory clarity reduces uncertainty and supports confident market entry for both local and international operators.
Recognise the Boundaries of This Activity
Certain services, such as marine salvage activities, fall under separate activity codes and are not covered by this licence. It is important to confirm that your specific services align with code 6629.01 before proceeding with registration.
No Third-Party Approval Required
Unlike some regulated financial activities, this business activity does not require third-party approval to commence operations. Your Meydan Free Zone trade licence alone is sufficient to get started under this activity code.
Tap Into Strong and Growing Regional Demand
The UAE's Dubai Economic Agenda D33 and We the UAE 2031 vision explicitly support auxiliary financial activities, creating sustained demand for licensed operators. Cross-border capital flows, a growing fund sector, and government-backed investment make this a strategically well-timed market to enter.
How to Start a Activities Involved In Or Closely Related To Insurance And Pension Funding Business in Dubai with Meydan Free Zone
A licensed activities involved in or closely related to insurance and pension funding 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 activities involved in or closely related to insurance and pension funding 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?
| Audience Segment | Profile |
|---|---|
| Financial-auxiliary service providers | Businesses providing brokerage, advisory, custody, administration, or related services to financial-market participants. |
| Capital-markets and fund operators | Teams running or supporting securities, commodities, derivatives, fund, or wealth-management activities. |
| International financial firms entering MENA | Global financial groups establishing a Dubai entity for regional brokerage, advisory, and auxiliary services. |
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.
6629.01 - Activities Involved In Or Closely Related To Insurance And Pension Funding
Under this activity, you are in the business of operating a licensed activities involved in or closely related to insurance and pension funding business.
Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Activities Involved In Or Closely Related To Insurance And Pension Funding core services provided to clients under the activity code. |
| Regulated Delivery | Compliance-led. Services delivered under the relevant regulatory framework, standards, and reporting obligations. |
| Client Engagement | Commercial scope. Onboarding, contracting, and ongoing service delivery to retail, corporate, or institutional clients as applicable. |
| Support and Operations | Operational back-office. Systems, staffing, documentation, and operational support needed to run the licensed activity. |
| Regional Reach | Market coverage. Delivery to clients across Dubai, the wider UAE, and regional markets within the scope of this activity. |
There are some things this activity does not cover. Activities such as marine salvage activities fall under separate codes.
Other related but distinct services are classified under their own activity codes and not under this one.
In short: if you are operating a licensed activities involved in or closely related to insurance and pension funding business, you are in. If you are delivering a related but distinct service that falls under another activity, you are not.
Third-Party Approval
No third-party approval is required for this business activity. Your Meydan Free Zone trade licence is sufficient to begin operations under this activity code.
Anti-Money Laundering Compliance
This business activity is exempt from AML compliance requirements.
