Table of Contents
Topic Summary
100% Foreign Ownership With No Local Sponsor
Setting up through Meydan Free Zone allows international operators to retain full ownership of their settling insurance claims business. There is no requirement to partner with a local UAE national, making it a straightforward entry point for global financial firms.
Clear Regulatory Framework From Day One
The activity operates under oversight from the Securities and Commodities Authority and the Central Bank of the UAE. This dual-authority structure gives operators a well-defined compliance roadmap rather than navigating ambiguous rules.
Third-Party Approval Is Required Before Licensing
Before a trade licence is issued, your operational model, facility, and regulatory documentation must be reviewed and cleared by the relevant authority. Building this step into your timeline early prevents costly delays.
AML Compliance Requirements Do Not Apply Here
This specific business activity is exempt from anti-money laundering compliance obligations, which simplifies the compliance burden compared to many other financial-auxiliary activities. Operators should still confirm the scope of that exemption with their legal advisers.
Know Exactly What the Activity Code Covers
Activity code 6621.02 covers core settling insurance claims services, regulated delivery, client engagement, and operational back-office functions. Related services such as real estate appraisal or other distinct activities fall under separate codes and are not included.
Strategic Timing Backed by UAE Government Policy
The UAE has designated capital markets and financial services as strategic pillars under both the Dubai Economic Agenda D33 and We the UAE 2031. Auxiliary financial activities like settling insurance claims sit directly within that government-supported growth corridor.
Zero Corporate Tax and Full Profit Repatriation
Meydan Free Zone licensing offers zero corporate tax on qualifying income alongside the ability to repatriate 100% of profits. Combined with a fully digital licensing process, this makes the setup route both cost-effective and operationally efficient.
How to Start a Settling Insurance Claims Business in Dubai with Meydan Free Zone
A licensed settling insurance claims 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 settling insurance claims 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.
6621.02 - Settling Insurance Claims
Under this activity, you are in the business of operating a licensed settling insurance claims business.
Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Settling Insurance Claims 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 settling insurance claims 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.
