ARTICLE · 15 JULY 2025

Insurance Licensing In UAE : DMCC Issues Circular On NOC Requirement From UAE Central Bank

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The Dubai Multi Commodities Centre (DMCC) has issued a circular ("Circular") on 1 July 2025 directing all DMCC-licensed entities engaged in insurance and insurance-related activities...

United Arab EmiratesInsurance

Anand Singh

The Dubai Multi Commodities Centre (DMCC) has issued a circular ("Circular") on 1 July 2025 directing all DMCC-licensed entities engaged in insurance and insurance-related activities to obtain the necessary approvals from the Central Bank of the UAE ("Central Bank").

The Circular applies to all entities operating within DMCC that are licensed to undertake any of the following insurance-related activities:

Insurance Consultancies
Insurance Brokerage
Reinsurance Services
Insurance Claims Settlement Services

It has now been clarified that entities currently licensed for any of the above activities must obtain a formal No Objection Certificate (NOC) from the Central Bank to continue operations lawfully within the DMCC.

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Insurance Licensing In UAE : DMCC Issues Circular On NOC Requirement From UAE Central Bank

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