Insurance Brokerage in ADGM
Starting From
AED 11,700
Setup Time
5 Business Days
Visa Quota
4 Visas
Location
Abu Dhabi
About Insurance Brokerage
The UAE's thriving economy continues to attract investors from around the world, and Abu Dhabi Global Market stands out as a premier destination for Insurance Brokerage businesses.
As a free zone entity regulated under Abu Dhabi's commercial laws, your Insurance Brokerage business will benefit from international financial centre and common law jurisdiction. The ADGM licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 11,700.
With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your insurance brokerage setup in ADGM. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.
Why ADGM for Insurance Brokerage?
There are several compelling reasons why Abu Dhabi Global Market continues to attract insurance brokerage entrepreneurs from around the world.
The jurisdiction offers international financial centre, which is particularly valuable for insurance brokerage operations. Additionally, common law jurisdiction ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 15,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 4 residency visas, with options to increase this number as your team grows. Own courts system further enhances the appeal of ADGM for insurance brokerage professionals. Furthermore, robust regulatory framework positions your insurance brokerage business for long-term success in the region. With Abu Dhabi continuing to invest in infrastructure and business-friendly regulation, ADGM remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.
Requirements & Documents
Regulatory Note: Insurance Brokerage is a regulated activity in the UAE. Additional approval from Insurance Authority is required. IBA can guide you through the full regulatory process.
Cost Breakdown
| Item | Cost (AED) |
|---|---|
| License Fee | 11,700 |
| Visa Package (per visa) | 5,500 |
| Flexi Desk | 15,000 |
| Shared Office | 30,000 |
| Private Office | 70,000 |
| Estimated Total (Year 1) | From AED 32,200 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Initial Consultation
Begin with a free consultation with IBA's business setup advisors to discuss your insurance brokerage business objectives, optimal licence structure, and ADGM as your chosen jurisdiction. We assess your specific requirements and provide a transparent cost breakdown.
Choose Your Company Name
Select your company name and submit it for approval. ADGM has specific naming guidelines — the name must not conflict with existing registrations and should reflect your business activity. IBA handles the name reservation process.
Prepare & Submit Documents
Compile all required documentation including passport copies, photographs, and the completed application form. For insurance brokerage, additional documents including professional qualifications and Insurance Authority approvals are required. IBA prepares and submits all paperwork on your behalf.
Obtain Trade Licence
Your ADGM trade licence is issued within 5 business days of document submission. The licence authorises you to conduct insurance brokerage activities and is valid for one year. The licence fee is approximately AED 11,700.
Apply for Residence Visa
Once your licence is active, apply for your UAE residence visa and Emirates ID. Your ADGM licence includes 4 visa allocation. Each visa costs approximately AED 5,500. IBA manages the entire visa process including medical testing and Emirates ID.
Open Corporate Bank Account
With your trade licence in hand, open a corporate bank account at a UAE bank. IBA provides introductions to relationship managers at leading banks including Emirates NBD, ADCB, RAKBank, and Mashreq. We prepare a comprehensive banking file to ensure smooth account approval.
Start Operations
With your licence issued, visa processed, and bank account active, your insurance brokerage business in Abu Dhabi Global Market is ready to operate. IBA continues to support you with PRO services, VAT registration, accounting, and annual licence renewals.
Total estimated time: 5 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Free zone companies like those in ADGM may qualify for a 0% corporate tax rate on qualifying income, provided they meet the substance requirements and do not conduct business with the mainland. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.
Insurance Brokerage in Other Jurisdictions
Get Started Today
Ready to set up your insurance brokerage in ADGM? Our team is here to help.
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Official Source
www.adgm.com ↗Popular in ADGM
By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
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