Table of Contents
Topic Summary
Understand What Insurance Brokers Actually Do
Under activity code 6622.98, an insurance brokers business covers core brokerage services, regulated client delivery, onboarding, and back-office operations. If your service falls under a related but distinct activity code, you will need a separate licence.
Know Who This Business Is Right For
This licence suits financial-auxiliary service providers, capital-markets operators, and international financial firms entering the MENA region. It is especially relevant for global groups establishing a Dubai entity for regional brokerage and advisory services.
Leverage Meydan Free Zone's Key Advantages
Setting up 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 fastest and most cost-effective routes into the Dubai market.
Prepare for Mandatory Third-Party Approval
This activity requires third-party regulatory approval before your trade licence is issued. Your operational model, facility setup, and regulatory documentation must all be reviewed and cleared by the relevant authority first.
Operate Within a Clear Regulatory Framework
Insurance brokers in Dubai operate under oversight from the SCA and the Central Bank of the UAE, providing a well-defined compliance structure. This framework supports strong regional distribution reach and cross-border market access.
Note the AML Exemption for This Activity
Unlike many financial services activities, this insurance brokers licence is exempt from AML compliance requirements. This can simplify your operational and reporting obligations during setup and ongoing management.
Tap Into UAE Strategic Growth Tailwinds
The UAE has designated capital markets and financial services as strategic pillars under the Dubai Economic Agenda D33 and We the UAE 2031. Government investment and growing enterprise demand create sustained opportunity for licensed insurance brokers.
How to Start a Insurance Brokers Business in Dubai with Meydan Free Zone
A licensed insurance 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 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.
6622.98 - Insurance Brokers
Under this activity, you are in the business of operating a licensed insurance 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 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 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.
