Establishing an Asset Management Company (AMC) in Pakistan requires navigating a highly regulated framework governed by the Securities and Exchange Commission of Pakistan (SECP) under the Non-Banking Finance Companies (NBFC) Rules, 2003 and NBFC Regulations, 2008. Javid Law Associates provides end-to-end legal and corporate services to streamline this complex licensing process. Our team handles the multi-stage approval workflow with the SECP and coordinates necessary taxation registrations with the Federal Board of Revenue (FBR).
The AMC Licensing Process in Pakistan
Securing an AMC license involves a rigorous evaluation by the SECP Specialized Companies Division. To provide clarity on the timeline and requirements, we structure the corporate registration workflow into defined operational phases:
| Phase | Key Milestones & Deliverables | Estimated Duration |
|---|---|---|
| Phase 1: Permission to Form | Submission of business plan, feasibility study, and Fit and Proper criteria forms to SECP. | 30 - 45 Days |
| Phase 2: Company Incorporation | SECP company registration, drafting of Memorandum/Articles of Association, and capital equity injection. | 10 - 15 Days |
| Phase 3: Licensing Application | Filing for the final NBFC License, setting up physical infrastructure, and policy approvals. | 30 - 45 Days |
Why Choose Javid Law Associates
Since 2004, Javid Law Associates has stood as a premier corporate legal services Pakistan provider, operating from F-10 Markaz, Islamabad, and Bahawalpur. Setting up an asset management company requires deep-rooted regulatory insight. We assist in every step, from initial private limited company registration Pakistan to specialized NBFC licensing, NTN registration Pakistan, and setting up compliance manuals. Our customized legal support protects your sponsors from compliance risks and ensures your regulatory applications are processed efficiently without undue delays.
Ongoing Regulatory Compliance Obligations
Once registered, an Asset Management Company must adhere to strict continuous operational compliance guidelines to retain its licensed status:
- Adherence to the minimum paid-up capital requirement of PKR 230 million.
- Compliance with SECP AML/CFT guidelines and customer due diligence (CDD) procedures.
- Quarterly and annual financial reporting submissions to the SECP.
- Appointment of certified compliance officers and independent internal auditors.
- Strict adherence to the prudential regulations for NBFCs.
Partnering with Javid Law Associates ensures your Asset Management Company meets all SECP requirements quickly and professionally. Contact our team in Islamabad or Bahawalpur to initiate your business setup today.
Service heading
Comprehensive SECP NBFC licensing and corporate legal services in Pakistan to launch your asset management firm successfully.
Estimated duration
60-90 Days
Price
Rs. 450,000
Requirements
- Minimum paid-up equity of PKR 230 million for the proposed company
- Comprehensive three-year financial projections and business plan
- Academic and professional credentials of sponsors, directors, and CEO
- Clean Credit Information Bureau (CIB) reports for all promoters
- Proposed operational office address details in Pakistan
Key features
- End-to-end advisory on SECP 'Permission to Form' application
- Assistance in drafting the Specialized Memorandum and Articles of Association
- Assessing and preparing documentation for Fit and Proper Criteria of Directors
- Handling full company registration with SECP NBFC division
- Securing corporate FBR NTN and necessary tax registrations
- Drafting internal compliance, risk management, and AML policies
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.