Insurance, reinsurance and captives.
DIFC’s insurance sector is a vital component of its financial ecosystem, encompassing a wide range of activities from traditional insurance and reinsurance to captive insurance. The Centre’s regulatory framework further provides a stable and secure environment for insurance businesses, attracting both regional and international players, enabling companies to provide essential risk management solutions.
Three easy steps to start setting up your business
Step one.
Submit LOIThe first step is to provide DIFC with a letter of intent (LOI).
Step two.
Obtain DFSA in-principle approvalSecondly, you will need to submit your Regulatory Business Plan (RBP) and application documents to the DFSA, and obtain in-principle approval.
Step three.
SetupComplete the registration and incorporation process with an ROC (including office setup, visas, bank accounts, etc.).
Once all conditions are fulfilled, DFSA grants a licence, and the entity may start the operations.
