Table of Contents
Topic Summary
Understand What This Insurance Licence Covers
The Other Types Of Insurance activity code covers core insurance operations, regulated delivery, client engagement, and regional market reach across Dubai and the UAE. Services must be delivered with qualified personnel, appropriate systems, and under relevant regulatory oversight.
Know Who This Business Is Built For
This licence suits licensed insurers and reinsurers, takaful and retakaful operators, and international insurance groups entering the MENA region through a Dubai entity. If you are writing life, non-life, health, specialty, or Sharia-compliant cover, this activity is designed for you.
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 a fast and cost-effective entry point into the Dubai insurance market.
Prepare for Mandatory Third-Party Approval
This activity requires third-party regulatory approval before your trade licence is issued, meaning your operational model, facility, and documentation must be reviewed and cleared first. Factor this step into your setup timeline to avoid delays.
Recognise the Regulatory Framework Behind the Licence
The Central Bank of the UAE provides insurance supervision and a clear regulatory framework for this activity, adding credibility and structure to your operations. The UAE's explicit strategic support for life, non-life, reinsurance, and takaful activities strengthens the long-term market opportunity.
Identify What Falls Outside This Activity Code
Related but distinct insurance services are classified under separate activity codes and are not covered by this licence. If you plan to deliver services that belong to a different industry class or regulatory category, you will need to apply for the appropriate separate code.
Note the AML Compliance Exemption
This specific business activity is exempt from AML compliance requirements, which simplifies one aspect of your regulatory obligations. Always confirm the full scope of your compliance duties with your licensing adviser as other obligations may still apply.
How to Start a Other Types Of Insurance Business in Dubai with Meydan Free Zone
A licensed other types of insurance 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 other types of insurance 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.
6512.99 - Other Types Of Insurance
Under this activity, you are in the business of operating a licensed other types of insurance business.
Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Other Types Of Insurance 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 other types of insurance 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.
