Table of Contents
Topic Summary
100% Foreign Ownership With No Local Sponsor
Setting up through Meydan Free Zone allows international entrepreneurs to retain full ownership of their insurance brokerage business. There is no requirement to partner with a UAE national, making it a straightforward entry point for global firms.
Clear Regulatory Framework From Day One
Insurance agents and brokers in Dubai operate under oversight from the SCA and the Central Bank of the UAE, providing a well-defined compliance structure. This gives operators confidence in how to structure their services and reporting obligations.
No Third-Party Approval Required
Unlike some financial activities, this business does not require additional sign-off from a separate regulatory body beyond the Meydan Free Zone trade licence. You can begin operations as soon as your licence is issued.
AML Compliance Exemption Reduces Operational Burden
This specific activity is exempt from Anti-Money Laundering compliance requirements, simplifying your administrative setup. That exemption can meaningfully reduce the time and cost involved in getting your business operational.
Zero Corporate Tax on Qualifying Income
Businesses licensed through Meydan Free Zone benefit from zero corporate tax on qualifying income along with full profit repatriation. This makes the free zone an attractive and cost-effective base for insurance intermediaries targeting the MENA region.
Strong Regional Demand Backed by Government Strategy
The UAE has designated financial services and capital markets as strategic pillars under the Dubai Economic Agenda D33 and We the UAE 2031 frameworks. This policy commitment translates into sustained institutional and consumer demand for licensed insurance brokers.
Fully Digital Licensing Process Speeds Up Entry
Meydan Free Zone offers a completely digital application and licensing process, removing the delays typically associated with physical paperwork and in-person approvals. This allows international firms to establish a Dubai presence quickly and efficiently.
How to Start a Insurance Agents And Brokers Business in Dubai with Meydan Free Zone
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?
| 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.
6622.00 - 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
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Insurance Agents And Brokers 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 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
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.
