Reinsurance

Reinsurance is classified as a Qualifying Activity for Free Zone Persons. Forensic scrutiny focuses on whether the entity maintains adequate substance (assets, employees, and operating expenditure) within the Free Zone and ensures that the income is not derived from 'Excluded Activities' such as banking or retail insurance.

Audit Red Flag

Outsourcing Core Income Generating Activities (CIGA) such as risk assessment and underwriting to a mainland parent or third-party service provider without adequate local supervision.

Which UAE zones permit this activity?

Scout checks the current permission status for this activity across every UAE zone against your specific structure.