Brokerage UAE Dubai

XRP20

Member

Member since 16 December 2020

XRP20

16 December 2020 12:16:24

XRP20

16 December 2020 12:16:24

Hello,
I am Christian from Berlin in Germany.

We are interested in setting up an insurance brokerage (heath insurance) in Dubai. We have also checked the official sites to see what the requirements are. What I and my partners need to know as we couldn't find an info about it is whether we can be 100% foreign owned under the FDI or whether there is still a 51% shareholding by a local company. The only info we found is that insurance companies in general are on the FDI negative list and can't be 100 % foreign owned. Does this also apply to Broker's and TPA's as they are both working with insurance companies.

Looking forward to answers and really appreciate your help.

XRP20

Member

Member since 16 December 2020

XRP20

16 December 2020 14:41:28

XRP20

16 December 2020 14:41:28

Hello yoelnahhas,

Thanks for your reply.

I know that a 100 % foreign ownership for an insurance company is not possible.
My question was related to Brokers and TPA's that are working with health insurance companies.