| Insurance business operators to possess an investment certificate to apply for a Business operating license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Issuance of Insurance Business Operating License in accordance with the Law on Insurance | Performance requirements (mandatory) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Membership in Insurance Business Association to engage in insurance related activities | Requirement to subscribe to association | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Minimum capital requirement to establish an insurance company | Minimum capital requirements | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Must have never been nor currently be a terrorist to establish an insurance company and obtain a Business Operating license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| No License terminated within 5 years prior to the submission of insurance business operating license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Obtaining approval to withdraw and make deposits | Authorization / permit requirements | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Performance requirement of an insurance company to maintain capital of each stakeholder in accordance with Article 2 of the Insurance Law No 06/NA, dated 21 December 2011 | Administrative Requirements | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Possession of suitable office or headquarters to establish an insurance company and obtain a Business Operating license | Licensing (based on experience, track record, technical requirements, and/or other) | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
| Prohibition of Insurance Business Operators to operate without requisite approval | Prohibition | Ministry of Finance | Ministerial Guidelines on Insurance Business Licensing No. 770/MOF, dated 21 March 2016 | 31-12-9999 |
