What documents does a Bangladeshi national need to start a insurance brokerage business in the UAE?

You will need a valid Bangladesh passport (minimum 6 months validity), passport-sized photos, proof of address in Bangladesh, attested documents via Bangladesh Ministry of Foreign Affairs, and a business plan for your insurance brokerage venture.

How long does it take for a Bangladeshi citizen to set up a insurance brokerage company in Ajman DED?

The complete process — from initial application to trade licence issuance — typically takes 2–5 business days. Adding visa processing and bank account opening, the total timeline is approximately 12–22 business days.

What are the tax implications for an Insurance Brokerage business in Ajman Mainland?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Mainland companies are subject to the standard 9% corporate tax rate on taxable profits exceeding AED 375,000. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

Can a foreigner own 100% of a Insurance Brokerage company in Ajman Mainland?

Yes, following the recent amendments to the UAE Commercial Companies Law, 100% foreign ownership is now permitted for most mainland activities, including insurance brokerage. Previously, a local sponsor holding 51% was required, but this is no longer the case.

Can I open a corporate bank account with my Ajman DED Insurance Brokerage licence?

Yes, with a valid trade licence from Ajman DED, you can open a corporate bank account at any UAE bank. Mainland companies typically have the widest choice of banking partners. IBA assists with introductions and documentation for smooth bank account opening.

What are the annual renewal costs for an Insurance Brokerage business in Ajman Mainland?

The annual licence renewal for an Insurance Brokerage Ajman DED company costs approximately AED 5,000, which covers the trade licence fee. Additional annual costs may include office space rental, visa renewal, and establishment card fees. IBA provides renewal services to ensure uninterrupted business operations.

What documents do I need to set up an Insurance Brokerage business in Ajman DED?

The standard documents required include: passport copies of all shareholders, passport-sized photographs, a completed application form, a business plan or activity description, and proof of address. As a regulated activity, you will also need to provide professional qualifications or certifications required by Insurance Authority. IBA handles all document preparation and submission on your behalf.

Insurance Brokerage in Ajman Mainland for Bangladeshi nationals

MainlandFinancialRegulated Activity

Insurance Brokerage in Ajman DED

Starting From

AED 5,000

Setup Time

2 Business Days

Visa Quota

0 Visas

Location

Ajman

About Insurance Brokerage

Setting up an Insurance Brokerage business in Ajman Mainland as a Bangladeshi citizen is a straightforward process when you understand the specific requirements that apply to Bangladesh-based entrepreneurs. IBA International has helped hundreds of Bangladeshi business owners navigate the licensing, visa, and banking procedures unique to their nationality.

The licensing process at Ajman DED has been streamlined significantly, with most financial licences processed within 2 business days. With the recent changes to UAE commercial law, 100% foreign ownership is now available for most mainland activities. The base licence fee is approximately AED 5,000, making it one of the most affordable options in the UAE.

At IBA International, we simplify the process of establishing your insurance brokerage business in Ajman Mainland. From selecting the right licence type to securing your visa and opening a corporate bank account, our experienced team ensures every detail is handled professionally and efficiently.

Why Ajman DED for Insurance Brokerage?

Ajman Mainland is widely regarded as one of the UAE's premier destinations for financial businesses, and for good reason.

The jurisdiction offers most affordable mainland option, which is particularly valuable for insurance brokerage operations. Additionally, fast licensing process ensures that your business remains competitive in the regional market. Operating on the mainland allows you to trade directly with the local UAE market without restrictions, and you can bid on government contracts — a significant advantage over free zone entities. Office solutions start from AED 3,000 per year for a co-working, making it accessible for businesses of all sizes. Trade anywhere in the UAE further enhances the appeal of Ajman DED for insurance brokerage professionals. Furthermore, strategic northern emirates location positions your insurance brokerage business for long-term success in the region. With Ajman continuing to invest in infrastructure and business-friendly regulation, Ajman DED remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.

For Bangladeshi nationals specifically, the Ajman government has fostered a business-friendly environment with streamlined processes that cater to the large Bangladeshi business community.

Most affordable mainland option

Fast licensing process

Trade anywhere in the UAE

Strategic Northern Emirates location

Low operational costs

Visa Requirements for Bangladeshi Nationals

Bangladeshi nationals require a pre-arranged UAE visa. Employment or investor visa is processed through the company after incorporation. Once your insurance brokerage licence is issued by Ajman DED, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 7–14 business days from licence approval to visa stamping.

Banking for Bangladeshi Business Owners

Bangladeshi entrepreneurs can open corporate accounts with standard documentation. Some banks may require additional proof of business activity. For your insurance brokerage business in Ajman DED, IBA recommends opening a corporate account with a bank that has experience serving Bangladeshi business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Bangladesh-specific attestations required.

Document Attestation for Bangladeshi Nationals

Bangladeshi nationals setting up a business in the UAE will need to attest certain documents through Bangladesh Ministry of Foreign Affairs. This typically includes your passport copy, educational certificates (if applicable for insurance brokerage), and any existing business documents. The attestation must then be verified by the UAE Embassy in Abu Dhabi before submission to Ajman DED.

Requirements & Documents

1Valid Bangladesh passport (minimum 6 months validity)

2Documents attested by Bangladesh Ministry of Foreign Affairs

3UAE Embassy attestation from Abu Dhabi

4Entry stamp or valid UAE visa copy (if applying from within the UAE)

5Completed application form for trade licence

6Professional qualification certificates or approvals from Insurance Authority

7Proof of residential address (utility bill or bank statement)

8Proposed company name (2-3 alternatives)

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	5,000
Visa Package (per visa)	3,000
Ejari Office	5,000
Co-Working	3,000
Private Office	10,000
Estimated Total (Year 1)	From AED 13,000

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your insurance brokerage business plan and the best Ajman DED licence options for Bangladeshi nationals.

Document Preparation

Prepare and attest all required documents from Bangladesh through Bangladesh Ministry of Foreign Affairs and the UAE Embassy.

Licence Application

Submit the insurance brokerage licence application to Ajman DED. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official Ajman DED trade licence within 2–5 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Bangladeshi nationals require a pre-arranged UAE visa.

Bank Account

Open a corporate bank account. Bangladeshi entrepreneurs can open corporate accounts with standard documentation.

Start Operations

Your insurance brokerage business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 2 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. Since the UAE's 2020 Commercial Companies Law amendment, Bangladeshi nationals can own 100% of most mainland business activities including insurance brokerage.

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