Table of Contents
Topic Summary
100% Foreign Ownership With No Local Partner
Setting up through Meydan Free Zone allows international founders to retain full ownership of their insurance consultancies business. There is no requirement to bring in a UAE national as a local sponsor or partner.
Zero Corporate Tax on Qualifying Income
Businesses licensed through Meydan Free Zone benefit from zero corporate tax on qualifying income, making it a cost-efficient base for financial-auxiliary operations. Full profit repatriation is also permitted, so earnings can be moved offshore without restriction.
Clear Regulatory Framework From Day One
Insurance consultancies in Dubai operate under SCA and Central Bank of the UAE oversight, giving operators a well-defined compliance structure. This regulatory clarity reduces uncertainty and supports confident business planning.
Third-Party Approval Is Required Before Licensing
This activity requires review and clearance from the relevant authority before a trade licence is issued. Your operational model, facility setup, and regulatory documentation must all be in order ahead of that approval.
AML Compliance Exemption Applies to This Activity
Insurance consultancies operating under this activity code are exempt from AML compliance requirements, reducing one layer of regulatory burden. This is worth confirming with your licensing adviser as part of your setup planning.
Strategic Fit With Dubai's D33 Economic Agenda
The UAE has designated capital markets and financial services as strategic pillars under the Dubai Economic Agenda D33 and We the UAE 2031. Insurance consultancies sit within the financial-auxiliary sector that receives explicit government support under these frameworks.
Know What This Licence Does Not Cover
Activities such as real estate appraisal or other distinct appraisal services fall under separate activity codes and are not included here. If your business delivers a related but different service, you will need to identify and apply for the correct code.
How to Start a Insurance Consultancies Business in Dubai with Meydan Free Zone
A licensed insurance consultancies 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 consultancies 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.
6621.95 - Insurance Consultancies
Under this activity, you are in the business of operating a licensed insurance consultancies business.
Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Insurance Consultancies 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 insurance consultancies 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.
