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Register a branch of a Takaful insurance company (national, Gulf, foreign)

A process in which the branch of the insurance company established in the state is registered, Gulf, and Takaful, authorized to conduct business in the country

 

Target Audience:

  • Insurance companies:
  • National and Gulf insurance companies
  • Takaful insurance companies

 

Office location: Abu Dhabi/ Dubai

Department/Section: Licensing  division

Contact Person: Licensing  division

Phone: 80042823

Fax: 97125572111

Email: [email protected]

1.Electronically submit the application on the system, by user name and password. In the event that the user is new he shall send an email letter requesting a user name and password

2. Complete the service form and upload it along with the documents in the electronic system

3. The completed application is reviewed and approved

4. The technical staff (key employees) shall be interviewed in the Authority’s headquarters

5. Pay the fees through e-services or through a smartphone application. In case the applicant is applying in person: Payment can be made through the electronic screen at the Customer Service Center in the Authority; and in case of a system breakdown: Payment can be made by e-Dirham or credit card at the Authority

6. The customer prints the Registration Certificate

 

Service Fees:

​Registration fee for a branch of a national insurance company:  AED 10,000 once at the time of extract printout

Submit the application electronically

Pay the fees

 

Attachments Required

  1. Action plan for the desired branch
  2. The Board of Directors ’decision to open the branch
  3. A list of names of employees with a statement of nationality approved by the Ministry of Labor and Workers
  4. The company's Board of Directors resolution approving the opening of the branch
  5. The documents related to the proposed branch manager
  6. Achieving the targets for resettlement points

Estimated time from the submission of the application until the completion of the service: 7 days from the submission of the complete application

Total transactional number

Service Name

Register a branch of a Takaful insurance company (national, Gulf, foreign)

Service Category

Insurance Services

Service Type

Companies Business Services

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Last updated on: Thursday 23 February 2023

Total visitors 339