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:

Fee for Registering an insurance broker:  AED 10,000 once at the time of extract printout

Submit the application electronically

Pay the fees

Attachments Required

A statement of the goal and objectives of establishing the company, and its added value (new services to be provided by the company) for the UAE economic sector, in addition to indicating the insurance classes which the company wants to exercise, names of the partners and the proposed names for the company

• A feasibility study containing: an introduction on the company, a brief introduction on the economic situation and future outlook, financial study, overview of the marketing study of the company, Emiratization and training plan, a copy of the approved balance sheets for the last two fiscal years, for foreign companies

• Technical readiness of the company (CVs of technical staff required under the Authority’s Decision No. 58 of 2013 (general manager, operations manager, internal controller, a specialist employee for each type of insurance) enclosing copies of the academic degrees, practical experience certificates and training courses

• True copy of the Company's Memorandum of Association

• Declaration that no one of the partners, general manager or chief executive office has ever been declared bankrupt

• Provide a certificate of good conduct confirming the judgment on any of them sentenced to imprisonment for

• 3- Copy of the balance sheets for the last two fiscal years approved and certified by the competent authorities

• A statement showing any legal or judicial obligations or liabilities related to the license applicant (declaration that there are no judicial obligations against the license applicant)

• 4- Undertaking to satisfy all the conditions of the required license once the application is approved within a period of (3) months from the initial approval as determined by the Authority, or otherwise the approval shall be deemed null and void

• A statement of the technical systems used and the proposed work procedures to do the business of insurance brokerage (infrastructure equipment)

• 5- Any other documents or data required by the Authority

• Copies of the academic certificates and practical experience of the technical staff duly authenticated by the competent authorities along with a proof that the company has completed the certificates’ equation (accreditation) at the Ministry of Higher Education and Scientific Research (i.e. a letter from the Ministry of Higher Education to validate the equation)

• Types and classes of insurance required to be licensed

• In addition to the above, a branch of a foreign company or a branch of a company established in a financial free zone is required to provide the following:

• The Bank Guarantee shall be AED (3) million for a company incorporated the in the UAE and AED (1) million for each branch thereof

• 1- An official certificate from the competent authority describing the company’s incorporation and registration, and its permit to practice the activity of insurance brokerage in the types and classes of insurance which it wants to practice within the State

• For a branch of a foreign company or a branch of a company established in a financial free zone, the Guaranty value may not be less than AED (5) million for the branch, and AED (3) million for any additional branch within the State

• 2-Copy of the balance sheets for the last two fiscal years approved and certified by the competent authorities

• Submit a Professional Liability Policy with a minimum insured amount of AED (2) million for a company established in the State, provided that the excess amount may not be more than AED (30) thousand per accident

• For a branch of a foreign company or a branch of a company established in a financial free zone, the minimum insured amount may not be less than AED (3) million, provided that the excess amount may not be more than AED (50) thousand per accident. The duration of the policy shall be at least up to the end of the current year