Table of Contents
Topic Summary
Understand What Claims Settlement Services Covers
This activity licenses you to operate a claims settlement services business under UAE regulatory oversight, serving retail, corporate, or institutional clients. Core operations include client onboarding, contracting, and ongoing service delivery within Dubai and broader regional markets.
Know Which Activities Fall Outside This Licence
Real estate appraisal and other distinct financial auxiliary services are classified under separate activity codes and are not covered here. If your planned service falls under a related but different code, you will need the appropriate licence for that activity instead.
Prepare for Mandatory Third-Party Approval
Before your trade licence is issued, your operational model, facilities, and regulatory documentation must be reviewed and cleared by the relevant authority. Building this approval step into your timeline from the start will help you avoid delays.
Benefit from SCA and Central Bank Oversight
The business operates within a clear regulatory framework overseen by the Securities and Commodities Authority and the Central Bank of the UAE. This structured oversight provides credibility and a defined compliance pathway for operators entering the market.
Leverage UAE Strategic Support for Financial Services
Capital markets and financial auxiliary services are explicit strategic priorities under the Dubai Economic Agenda D33 and We the UAE 2031. This government backing translates into sustained infrastructure investment and strong regional distribution reach for licensed operators.
Use Meydan Free Zone for a Fast Market Entry
Licensing through Meydan Free Zone gives you 100% foreign ownership, zero corporate tax on qualifying income, and full profit repatriation. The fully digital licensing process makes it one of the most cost-effective and efficient routes into the Dubai financial services market.
Note the AML Exemption for This Activity
Claims settlement services under this activity code is exempt from AML compliance requirements, which simplifies one layer of regulatory obligation for operators. You should still confirm all other applicable compliance requirements with the relevant authorities before commencing operations.
How to Start a Claims Settlement Services Business in Dubai with Meydan Free Zone
A licensed claims settlement services 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 claims settlement services 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.
6621.97 - Claims Settlement Services
Under this activity, you are in the business of operating a licensed claims settlement services business.
Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Claims Settlement Services 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 appraisal of real estate; appraisal for other purposes 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 claims settlement services 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.
