Saudi Arabia Activity Code for Insurance agency

Industry Sector: Finance, Insurance & Banking | Official Classification: SSIC 662211 — Insurance brokerage
Authoritative Standard: Saudi SSIC 2026

Executive Summary & Official Classification

To legally establish or license a Insurance agency (وكالة ومكتب Insurance) in the Kingdom of Saudi Arabia, the official primary economic activity code registered with the Ministry of Commerce (MC) and municipal authorities is SSIC 662211 — Insurance brokerage.

This classification governs municipal commercial zoning on the Balady portal, MISA foreign investment licensing (subject to sector criteria), Qiwa electronic employment contracts, and Nitaqat Saudization benchmarks under the Ministry of Human Resources and Social Development (MHRSD).

Primary Classification Entity

★ Official Primary Classification Code

Saudi SSIC Code: SSIC 662211 — Insurance brokerage

Arabic Designation: وساطة التأمين

Parent Economic Group: 6622 — Activities of insurance agents and brokers

Section Category: Section K — Financial and insurance activities

Governing Authority: Insurance Authority

Municipal / Sectoral License: Insurance Authority

View Complete SSIC 662211 Specifications & Compliance →

Key Facts & Regulatory Matrix for Insurance agency

Regulatory Parameter	Specification in Saudi Arabia
Business Entity / Activity	Insurance agency (وكالة ومكتب Insurance)
Primary Saudi SSIC Code	`662211` — Insurance brokerage
Parent Classification Group	`6622` — Activities of insurance agents and brokers
Economic Section Category	`Section K` — Financial and insurance activities
Industry Sector	Finance, Insurance & Banking
Supervisory Government Body	Insurance Authority
Operational Licensing Portal	Insurance Authority
MISA Foreign Investment	Eligible under general regulatory framework (Subject to MISA criteria & sector rules)
Commercial Registration (CR)	Instant Digital Issuance via Ministry of Commerce
Labor & Saudization Compliance	Qiwa Portal & Nitaqat Framework (Benchmark depends on company headcount)

Practical Business Setup Workflow in Saudi Arabia

Commercial Registration (CR) Issuance: Log in to the Ministry of Commerce portal and select primary activity code 662211.
Municipal Licensing (Balady Portal): Apply for the commercial premise license adhering to municipal shop, safety, and parking requirements under code 662211.
MISA Foreign Investment License: International investors can apply for a MISA foreign investment license subject to standard regulatory guidelines under Saudi foreign investment regulations. Review our MISA License Guide.
ZATCA Tax & Zakat Enrollment: Automatic registration for Corporate Income Tax (20% for foreign shares) or Zakat (2.5% for Saudi/GCC shares), along with 15% VAT and Fatoora e-invoicing. See ZATCA Tax Guide.
Qiwa Portal & Saudization: Register Saudi and expat employees in Qiwa under approved SSCO Occupational Codes to maintain a compliant Nitaqat tier. Check our Nitaqat Saudization Guide.

Regulatory & Classification Status for Insurance agency

Verification Parameter	Official Status	Verification Source
Commercial Code Mapping	✅ Standard Match	Mapped to primary activity `SSIC 662211`
GASTAT National Framework	✅ Active Standard	Official Saudi SSIC 2025/2026 Edition
Instant CR Issuance (Ministry of Commerce)	✅ Eligible	Commercial Registration Law (Direct Digital Issuance)
MISA Foreign Investment Eligibility	✅ General Framework	Foreign investment permitted subject to MISA licensing criteria
Licensing Platform	✅ Documented	Insurance Authority

Frequently Asked Questions (FAQ)

1. What is the official Saudi SSIC activity code for a Insurance agency?

The official primary classification code is SSIC 662211 (Insurance brokerage).

2. Can foreign investors open a Insurance agency in Saudi Arabia?

Yes. Under the Ministry of Investment (MISA) regulatory framework, foreign companies and entrepreneurs can establish commercial entities subject to standard licensing rules.

3. Which government authority licenses Insurance agency operations?

Supervision is overseen by Insurance Authority, and municipal premises licenses are issued via the Balady portal.

4. How do I add this activity to an existing Commercial Registration (CR)?

You can amend your Commercial Registration online through the Ministry of Commerce portal by adding code 662211.

Related Finance, Insurance & Banking Businesses: Accountant · Accounting firm · Auditor · Bank · Blood bank · Bookkeeping service

Official Source Attribution & Disclaimer

Official Classification Standard: General Authority for Statistics (GASTAT) — SSIC 2026.

Primary Entity Reference: SSIC 662211 — Insurance brokerage

This page is an independent regulatory lookup tool. Always verify specific commercial activity requirements on official government portals (Ministry of Commerce, MISA, Balady, and ZATCA) before finalizing legal filings.