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

You will need a valid Germany passport (minimum 6 months validity), passport-sized photos, proof of address in Germany, attested documents via German Federal Foreign Office / Apostille, and a business plan for your insurance brokerage venture.

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

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.

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

The typical processing time for a insurance brokerage licence at SHAMS is 2 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.

What are the tax implications for an Insurance Brokerage business in Sharjah Media City?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Free zone companies like those in SHAMS 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.

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

Yes, with a valid trade licence from SHAMS, 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.

Is Sharjah Media City good for insurance brokerage start-ups?

SHAMS is one of the most start-up-friendly jurisdictions in the UAE, offering budget-friendly from aed 6,150 and fast setup process. Flexible office solutions starting from AED 2,500 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 SHAMS?

Most of the setup process for a insurance brokerage business in SHAMS 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 Sharjah Media City for German nationals

Free ZoneFinancialRegulated Activity

Insurance Brokerage in SHAMS

Starting From

AED 6,150

Setup Time

2 Business Days

Visa Quota

3 Visas

Location

Sharjah

About Insurance Brokerage

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

As a free zone entity regulated under Sharjah's commercial laws, your Insurance Brokerage business will benefit from budget-friendly from aed 6,150 and fast setup process. The SHAMS licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 6,150.

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

Why SHAMS for Insurance Brokerage?

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

The jurisdiction offers budget-friendly from aed 6,150, which is particularly valuable for insurance brokerage operations. Additionally, fast setup process 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 2,500 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. 100% foreign ownership further enhances the appeal of SHAMS for insurance brokerage professionals. Furthermore, no physical office requirement positions your insurance brokerage business for long-term success in the region. With Sharjah continuing to invest in infrastructure and business-friendly regulation, SHAMS remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.

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

Budget-friendly from AED 6,150

Fast setup process

100% foreign ownership

No physical office requirement

Media and creative focus

Visa Requirements for German Nationals

German nationals can enter the UAE visa-free for 90 days. For business setup, a residence visa is processed after company incorporation. Once your insurance brokerage licence is issued by SHAMS, 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 German Business Owners

German nationals generally experience smooth corporate bank account opening. Strong German-UAE trade relations facilitate banking processes. For your insurance brokerage business in SHAMS, IBA recommends opening a corporate account with a bank that has experience serving German business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Germany-specific attestations required.

Document Attestation for German Nationals

German nationals setting up a business in the UAE will need to attest certain documents through German Federal Foreign Office / Apostille. 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 SHAMS.

Requirements & Documents

1Valid Germany passport (minimum 6 months validity)

2Documents attested by German Federal Foreign Office / Apostille

3UAE Embassy attestation from Abu Dhabi

4Passport-sized photographs with white background

5Proposed company name (2-3 alternatives)

6Professional qualification certificates or approvals from Insurance Authority

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	6,150
Visa Package (per visa)	3,200
Flexi Desk	2,500
Shared Office	6,000
Private Office	15,000
Estimated Total (Year 1)	From AED 11,850

* 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 SHAMS licence options for German nationals.

Document Preparation

Prepare and attest all required documents from Germany through German Federal Foreign Office / Apostille and the UAE Embassy.

Licence Application

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

Trade Licence Issued

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

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. German nationals can enter the UAE visa-free for 90 days.

Bank Account

Open a corporate bank account. German 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: 2 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. SHAMS allows 100% foreign ownership for all nationalities, including German 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