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

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

How long does it take for an Australian citizen to set up a insurance brokerage company in DIC?

The complete process — from initial application to trade licence issuance — typically takes 5–8 business days. Adding visa processing and bank account opening, the total timeline is approximately 15–25 business days.

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

Yes, with a valid trade licence from DIC, you can open a corporate bank account at any UAE bank. Free zone companies can bank with most major UAE banks including Emirates NBD, ADCB, RAKBank, and Mashreq. IBA assists with introductions and documentation for smooth bank account opening.

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

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.

What are the annual renewal costs for an Insurance Brokerage business in Dubai Internet City?

The annual licence renewal for an Insurance Brokerage DIC company costs approximately AED 15,000, 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.

Is Dubai Internet City good for insurance brokerage start-ups?

DIC is well-suited for both start-ups and established businesses, offering premier it and tech hub and home to global tech companies. Flexible office solutions starting from AED 12,000 per year help keep initial overheads manageable.

Do I need to be physically present in the UAE to set up a Insurance Brokerage company in DIC?

Most of the setup process for a insurance brokerage business in DIC can be completed remotely, with documents submitted online or via courier. However, you may need to visit the UAE for Emirates ID biometrics and bank account opening. IBA can coordinate to minimise your required visits.

Insurance Brokerage in Dubai Internet City for Australian nationals

Free ZoneFinancialRegulated Activity

Insurance Brokerage in DIC

Starting From

AED 15,000

Setup Time

5 Business Days

Visa Quota

5 Visas

Location

Dubai

About Insurance Brokerage

As an Australian national looking to establish an Insurance Brokerage business in Dubai Internet City, the UAE offers one of the most welcoming environments for international entrepreneurs. Australia has strong bilateral trade relations with the UAE, and thousands of Australian professionals have already successfully set up businesses across the emirates.

As a free zone entity regulated under Dubai's commercial laws, your Insurance Brokerage business will benefit from premier it and tech hub and home to global tech companies. The DIC licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 15,000.

With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your insurance brokerage setup in DIC. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.

Why DIC for Insurance Brokerage?

There are several compelling reasons why Dubai Internet City continues to attract insurance brokerage entrepreneurs from around the world.

The jurisdiction offers premier it and tech hub, which is particularly valuable for insurance brokerage operations. Additionally, home to global tech companies 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 12,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 5 residency visas, with options to increase this number as your team grows. Strategic Media City cluster further enhances the appeal of DIC for insurance brokerage professionals. Furthermore, 100% foreign ownership positions your insurance brokerage business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, DIC remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.

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

Premier IT and tech hub

Home to global tech companies

Strategic Media City cluster

100% foreign ownership

Tech ecosystem networking

Visa Requirements for Australian Nationals

Australian nationals can enter the UAE visa-free for 30 days. For business setup, a residence visa is processed after company incorporation. Once your insurance brokerage licence is issued by DIC, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 10–17 business days from licence approval to visa stamping.

Banking for Australian Business Owners

Australian nationals generally experience smooth corporate bank account opening. Commonwealth banking standards are recognised by UAE banks. For your insurance brokerage business in DIC, IBA recommends opening a corporate account with a bank that has experience serving Australian business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Australia-specific attestations required.

Document Attestation for Australian Nationals

Australian nationals setting up a business in the UAE will need to attest certain documents through Australian Department of Foreign Affairs and Trade. 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 DIC.

Requirements & Documents

1Valid Australia passport (minimum 6 months validity)

2Documents attested by Australian Department of Foreign Affairs and Trade

3UAE Embassy attestation from Abu Dhabi

4Professional qualification certificates or approvals from Insurance Authority

5Proposed company name (2-3 alternatives)

6Proof of residential address (utility bill or bank statement)

7Relevant industry experience documentation

8Entry stamp or valid UAE visa copy (if applying from within the UAE)

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	15,000
Visa Package (per visa)	5,000
Flexi Desk	12,000
Shared Office	20,000
Private Office	45,000
Estimated Total (Year 1)	From AED 32,000

* 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 DIC licence options for Australian nationals.

Document Preparation

Prepare and attest all required documents from Australia through Australian Department of Foreign Affairs and Trade and the UAE Embassy.

Licence Application

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

Trade Licence Issued

Receive your official DIC trade licence within 5–8 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Australian nationals can enter the UAE visa-free for 30 days.

Bank Account

Open a corporate bank account. Australian nationals generally experience smooth corporate bank account opening.

Start Operations

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

Total estimated time: 5 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. DIC allows 100% foreign ownership for all nationalities, including Australian nationals. No local sponsor or partner is required.

Insurance Brokerage in Other Jurisdictions

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