Regulatory Overview
Entering the insurance sector requires navigating stringent regulatory frameworks. As a premier partner for corporate matters, Javid Law Associates provides end-to-end support for securing life insurance licenses. We ensure that our clients comply with the Insurance Ordinance, 2000, and the relevant regulations stipulated by the SECP to guarantee operational legitimacy.
Why Choose Javid Law Associates
Since 2004, our firm has assisted diverse entities with complex licensing. We bridge the gap between corporate vision and regulatory reality, ensuring that your company registration process in Pakistan aligns with sector-specific mandates. Whether you are an established financial institution or a new market entrant, our team manages the intricacies of SECP compliance with precision.
Licensing Process Breakdown
| Phase | Deliverable |
|---|---|
| Documentation | Preparation of fit and proper criteria dossiers |
| Compliance | AML/CFT policy and internal control framework |
| Submission | Formal application filing with SECP and follow-ups |
Regulatory Authorities
- Securities and Exchange Commission of Pakistan (SECP)
- Federal Board of Revenue (FBR) for NTN and taxation compliance
- Pakistan Revenue Authority (PRA) for provincial services tax
- State Bank of Pakistan (SBP) for capital and remittance reporting
Contact our F-10 Markaz Islamabad or Bahawalpur offices to initiate your licensing journey and ensure your firm meets all statutory obligations efficiently.
Service heading
Expert regulatory guidance for obtaining and maintaining insurance licenses through the Securities and Exchange Commission of Pakistan
Estimated duration
60-90 days
Price
Rs. 50,000
Requirements
- Certified true copies of Memorandum and Articles of Association
- Evidence of minimum paid-up capital as per insurance laws
- Biographical data and affidavits for directors and key management
- Proposed business plan and actuarial projections
- Proof of NTN registration and active tax status
Key features
- Comprehensive SECP licensing advisory
- Fit and Proper criteria compliance support
- Preparation of AML/CFT manual and protocols
- Liaison with regulatory authorities
- Post-licensing tax and corporate compliance setup
- Documentation review and risk assessment
About the Author
Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.