Table of Contents
Topic Summary
Choose Meydan Free Zone for Full Ownership
Setting up through Meydan Free Zone grants 100% foreign ownership and full profit repatriation. The fully digital licensing process makes it one of the fastest and most cost-effective routes into the Dubai insurance market.
Understand What Activity Code 6520.01 Covers
This activity code licenses you to operate a business that assumes all or part of the risk associated with existing insurance policies. Services must be delivered under relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.
Secure Third-Party Approval Before Licensing
This business activity requires third-party regulatory approval before a trade licence is issued. Your operational model, facility, and regulatory documentation must be reviewed and cleared by the relevant authority first.
Know Which Operators This Licence Suits
The licence is designed for licensed insurers and reinsurers, Sharia-compliant takaful and retakaful operators, and international insurance groups entering the MENA region. Each segment benefits from Dubai's clear regulatory framework and strong regional distribution reach.
Leverage UAE's Strategic Insurance Sector Support
The UAE has positioned insurance as a strategic pillar of its financial services sector, with explicit support for life, non-life, reinsurance, and takaful activities. Central Bank of the UAE supervision provides a stable and credible regulatory foundation for operators.
Note What This Activity Does Not Include
Related but distinct insurance services fall under separate activity codes and are not covered by this licence. If your planned service belongs to a different industry class or regulatory category, you will need to identify and apply for the correct code.
Confirm Your AML Compliance Obligations
This particular business activity is exempt from Anti-Money Laundering compliance requirements under the current framework. However, operators should still maintain robust internal controls to meet broader regulatory and reputational standards.
How to Start a Assuming All Or Part Of The Risk Associated With Existing Insurance Policies Business in Dubai with Meydan Free Zone
A licensed assuming all or part of the risk associated with existing insurance policies business serves the UAE's insurance and risk-transfer market.¹
Regional demand, government investment in the sector, and strong enterprise and consumer need drive sustained demand for licensed assuming all or part of the risk associated with existing insurance policies businesses.²
For operators, this activity benefits from Central Bank of the UAE insurance supervision, a clear regulatory framework, and strong regional distribution reach.³
That combination of market size, takaful growth, and regulatory depth is exactly where the opportunity lies.
The UAE has positioned insurance as a strategic pillar of its financial services sector, with explicit support for life, non-life, reinsurance, and takaful activities.
Who is this for?
| Audience Segment | Profile |
|---|---|
| Insurance and reinsurance firms | Licensed insurers and reinsurers writing life, non-life, health, or specialty business in the UAE. |
| Takaful and retakaful operators | Sharia-compliant operators providing takaful and retakaful cover to individuals, businesses, and institutions. |
| International insurance groups entering MENA | Global insurers and reinsurers establishing a Dubai entity for regional underwriting and distribution. |
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 insurance market.
6520.01 - Assuming All Or Part Of The Risk Associated With Existing Insurance Policies
Under this activity, you are in the business of operating a licensed assuming all or part of the risk associated with existing insurance policies business.
Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Assuming All Or Part Of The Risk Associated With Existing Insurance Policies 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. 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 assuming all or part of the risk associated with existing insurance policies 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.
