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

You will need a valid United Kingdom passport (minimum 6 months validity), passport-sized photos, proof of address in United Kingdom, attested documents via Foreign, Commonwealth & Development Office (FCDO), and a business plan for your insurance brokerage venture.

How long does it take for a British citizen to set up a insurance brokerage company in DMCC?

The complete process — from initial application to trade licence issuance — typically takes 3–6 business days. Adding visa processing and bank account opening, the total timeline is approximately 13–23 business days.

How long does it take to get a Insurance Brokerage licence in DMCC?

The typical processing time for a insurance brokerage licence at DMCC is 3 business days, subject to document completeness and any regulatory approvals. As a regulated activity requiring Insurance Authority approval, additional time of 1-3 weeks may be required.

Can a foreigner own 100% of a Insurance Brokerage company in Dubai Multi Commodities Centre?

Yes, DMCC allows 100% foreign ownership with no requirement for a local partner or sponsor. This is one of the key advantages of establishing your business in this jurisdiction.

What business activities can I include on my DMCC licence?

Your DMCC licence can include insurance brokerage as the primary activity, along with related activities that fall under the same category. Most free zones allow multiple activities on a single licence, though some may charge a small fee for additional activities. IBA advises on the optimal activity selection for your business needs.

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

Yes, with a valid trade licence from DMCC, 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 are the annual renewal costs for an Insurance Brokerage business in Dubai Multi Commodities Centre?

The annual licence renewal for an Insurance Brokerage DMCC company costs approximately AED 15,300, 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.

Insurance Brokerage in Dubai Multi Commodities Centre for British nationals

Free ZoneFinancialRegulated Activity

Insurance Brokerage in DMCC

Starting From

AED 15,300

Setup Time

3 Business Days

Visa Quota

3 Visas

Location

Dubai

About Insurance Brokerage

Setting up an Insurance Brokerage business in Dubai Multi Commodities Centre as a British citizen is a straightforward process when you understand the specific requirements that apply to United Kingdom-based entrepreneurs. IBA International has helped hundreds of British business owners navigate the licensing, visa, and banking procedures unique to their nationality.

The licensing process at DMCC has been streamlined significantly, with most financial licences processed within 3 business days. As a free zone entity, you will enjoy 100% foreign ownership with no requirement for a local sponsor. The base licence fee is approximately AED 15,300, making it competitively priced for the services included.

At IBA International, we simplify the process of establishing your insurance brokerage business in Dubai Multi Commodities Centre. 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 DMCC for Insurance Brokerage?

Dubai Multi Commodities Centre is widely regarded as one of the UAE's premier destinations for financial businesses, and for good reason.

The jurisdiction offers 100% foreign ownership, which is particularly valuable for insurance brokerage operations. Additionally, zero corporate and income tax 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 6,300 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. Strategic JLT location further enhances the appeal of DMCC for insurance brokerage professionals. Furthermore, world's leading free zone positions your insurance brokerage business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, DMCC remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.

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

100% foreign ownership

Zero corporate and income tax

Strategic JLT location

World's leading free zone

Access to commodities market

Visa Requirements for British Nationals

British 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 DMCC, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 8–15 business days from licence approval to visa stamping.

Banking for British Business Owners

British nationals generally experience smooth corporate bank account opening. UK-regulated banking history is viewed favourably by UAE banks. For your insurance brokerage business in DMCC, IBA recommends opening a corporate account with a bank that has experience serving British business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any United Kingdom-specific attestations required.

Document Attestation for British Nationals

British nationals setting up a business in the UAE will need to attest certain documents through Foreign, Commonwealth & Development Office (FCDO). 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 DMCC.

Requirements & Documents

1Valid United Kingdom passport (minimum 6 months validity)

2Documents attested by Foreign, Commonwealth & Development Office (FCDO)

3UAE Embassy attestation from Abu Dhabi

4Passport-sized photographs with white background

5Completed application form for trade licence

6Signed application form from DMCC authority

7Professional qualification certificates or approvals from Insurance Authority

8Proof of residential address (utility bill or bank statement)

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	15,300
Visa Package (per visa)	5,200
Flexi Desk	6,300
Shared Office	12,000
Private Office	30,000
Estimated Total (Year 1)	From AED 26,800

* 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 DMCC licence options for British nationals.

Document Preparation

Prepare and attest all required documents from United Kingdom through Foreign, Commonwealth & Development Office (FCDO) and the UAE Embassy.

Licence Application

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

Trade Licence Issued

Receive your official DMCC trade licence within 3–6 business days.

Visa Processing

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

Bank Account

Open a corporate bank account. British 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: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

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

Insurance Brokerage in Other Jurisdictions

DIC

From AED 15,000

RAKEZ

From AED 7,500

DIFC

From AED 12,000

SHAMS

From AED 6,150

JAFZA

From AED 16,000

DMCC

From AED 15,300

IFZA

From AED 11,750

DSO

From AED 12,000