From PVARA licensing to full market launch, we provide comprehensive services for global crypto exchanges entering Pakistan's 240M+ market — and we're building the compliance infrastructure that keeps you licensed once you're in.
CoinConnect provides end-to-end market entry and compliance services for crypto exchanges and VASPs entering Pakistan under the Virtual Assets Act 2026. Four service lines are operational today — PVARA regulatory and licensing advisory, SECP corporate setup under the Companies Act 2017, FBR tax and banking, and market launch and growth. A fifth line, CoinConnect RegTech, is a compliance infrastructure division currently in development. CoinConnect is COIN CONNECT (SMC-PRIVATE) LIMITED, SECP No. 0294969, operating in this market since 2022.
Four core service pillars covering every stage of your Pakistan blockchain market entry, plus a fifth pillar — compliance infrastructure — currently in development.
Navigate the PVARA framework and secure your crypto exchange license with expert end-to-end support.
Complete Pakistan entity formation with all SECP and PVARA operational requirements handled end-to-end.
FBR registration, tax compliance under Section 66 of the Virtual Assets Act 2026, and corporate banking solutions for virtual asset service providers.
Post-licensing market entry campaigns, PR, and community building for a successful Pakistan launch.
A licence gets you into Pakistan. Systems keep you there. Four products in development that automate the obligations every licensed VASP inherits on day one — FBR tax reporting, withholding at withdrawal, and NADRA-linked identity verification for new and existing users.
FBR has not yet notified a VASP reporting format under Section 66 of the Virtual Assets Act 2026. We are building the conversion layer now, so that when it is notified your raw exchange data can be mapped to it rather than rebuilt for it.
Tax calculated and deducted automatically at the moment of withdrawal, then routed to your tax account or onward to FBR. No manual reconciliation.
Verify a Pakistani user's identity against NADRA at onboarding and screen them against government and law-enforcement databases — clear or flagged, in real time.
Already have Pakistani users who were never verified to PVARA standard? We run your entire existing base through NADRA verification in bulk.
Development Status & Access
All four products are currently in development and are not yet generally available. We are opening early access conversations with PVARA NOC holders and licence applicants who want to shape the integration spec around their own stack. Government-data products are delivered strictly within the scope of the relevant authorisations and data-sharing permissions, and every product is designed to keep the VASP as the accountable filer and data controller. We will not describe a capability as live before it is.
Navigate Pakistan's Virtual Assets Act 2026 with expert guidance on PVARA NOC application and full VASP licence acquisition. Section 19(1) requires an NOC before you even begin incorporation, and Regulation 17.1 gives PVARA 60 calendar days to decide once your submission is complete — so documentation quality determines your timeline.
Our regulatory team has tracked PVARA since its inception. We prepare Form A1 with the supporting Controller, Fit & Proper, AML framework and outsourcing forms, and pre-test the whole pack against the Regulation 8A.1 documentation standards before filing.
PVARA Advisory & Strategy
Pre-application assessment, readiness gap analysis, licence-category mapping across the ten Schedule I services, and a tailored regulatory roadmap.
NOC Application Management
Form A1 preparation and submission with Forms A2–A5, ownership and UBO charts, and Board-approved AML documentation.
Full VASP Licence Support
End-to-end licence acquisition post-NOC, including FMU goAML registration and the four AML-Registered Services that can run pre-licence.
Regulatory Sandbox Applications
Form I, the Annexure-A self-assessment and the Annexure-B undertaking for novel products under Section 35 — accepted year-round.
AML/CFT Compliance Framework
The nine mandatory components under Regulation 8.2 — policy, CDD, EDD, TFS screening, monitoring, STR/CTR escalation, risk assessment, recordkeeping and training.
Sharia Compliance Advisory
Islamic finance advisory for structuring compliant crypto products for Pakistan's Muslim-majority market.
SECP Registration
Company incorporation under the Companies Act 2017 — private limited or subsidiary structure, filed only after your PVARA NOC is granted.
Registered Office Solutions
Physical office address and registered office in Karachi to satisfy the Section 20(6) requirement for every licensee.
Legal Documentation
MOA/AOA drafting, shareholder agreements, board resolutions, and corporate governance policies.
Key Individual Structuring
Mapping the eight Key Individual roles PVARA requires — CEO, director, CFO, Compliance Officer, MLRO, Internal Audit, Risk and Information Security — and the Form A3 fit-and-proper pack for each.
Corporate Governance
Compliance policies, operational manuals, and board structuring suited to virtual asset businesses.
Section 50(1) of the Virtual Assets Act 2026 requires every VASP to be both a company incorporated in Pakistan and a PVARA licence holder — the conditions are cumulative, and a foreign licence satisfies neither. Our corporate setup service handles complete company formation so you meet every SECP and PVARA requirement without delays.
Sequence matters. Section 19(1) requires the NOC before you commence incorporation, so you cannot approach SECP first. Section 20(6) then requires a registered office in Pakistan and at least one Key Individual ordinarily resident in Pakistan with operational and decision-making authority.
Section 66 of the Virtual Assets Act 2026 binds every licensed Virtual Asset Service Provider to the obligations imposed under the income tax statute it names as the "Income Tax Act, 2001", and to any Rules or Regulations issued by the Federal Board of Revenue. Those FBR rules have not yet been notified, so no prescribed VASP reporting format exists in Pakistan today. Our tax team manages FBR registration and NTN issuance and keeps your position current as the rules are issued.
We also facilitate corporate bank account opening — historically the biggest operational barrier for crypto companies in Pakistan. Use our Pakistan Crypto Tax Calculator to model your position under the Income Tax Act 2001, and see FBR Tax Data Bridge for the automated reporting layer now in development.
FBR Registration
Federal Board of Revenue enrollment, NTN issuance, and tax ID for virtual asset service providers.
Section 66 Tax Compliance
Ongoing compliance with the Income Tax Act 2001 obligations that Section 66 of the Virtual Assets Act 2026 imposes on every licensee, and with FBR Rules as and when they are notified.
Corporate Bank Account
Account opening facilitation with crypto-friendly Pakistan banks through our established relationships.
Tax Optimisation
Treaty benefits analysis and international tax planning for virtual asset businesses operating in Pakistan.
Audit Support
FBR audit defence, penalty protection, and support for the annual statutory audit that must verify customer-asset segregation under Section 27(2).
PR & Media Strategy
Press coverage and media relations across Pakistan's leading crypto and financial media outlets.
KOL Network Access (225+)
Access to 225+ vetted Pakistan crypto influencers and content creators, ready to activate for your launch.
Events & Activations
University partnerships, community meetups, and large-scale events across Karachi, Lahore, Islamabad, Faisalabad, and Peshawar.
Community Building
Telegram, Discord, and local community management with Urdu-language content and culturally adapted marketing.
Compliant Marketing
Section 43 restricts advertising a virtual asset unless the issuer is licensed, and requires prescribed risk disclosures in all marketing material. We build campaigns inside those limits.
Getting licensed is the first step. Winning Pakistan's market requires a well-executed market entry campaign with local expertise. Our launch team has managed campaigns for Bybit, CoinEx, and BingX — see our client engagements for the disclosable record.
With 225+ vetted KOLs, 25+ events executed, and 1M+ community members built across projects, we give your exchange the on-ground momentum needed to compete from day one.
A systematic 5-phase approach to getting your blockchain business operational and growing in Pakistan.
Business assessment and regulatory mapping
PVARA NOC application and approval
Corporate structure and documentation
Tax registration and banking setup
Market entry execution and growth
Note the order: licensing precedes incorporation. Section 19(1) requires a PVARA NOC before the incorporation process begins, so filing with SECP first is a sequencing error that costs months.
Schedule I of the Virtual Assets Act 2026 defines ten categories of Virtual Asset Service. Minimum paid-up capital comes from the Draft Pakistan Virtual Asset Services Regulations 2026 and is confirmed at filing. Capital is share capital held in your own company — not a fee paid to PVARA.
The figures below are the minimum paid-up capital the Pakistan Virtual Assets Regulatory Authority requires an applicant to hold under the Draft Pakistan Virtual Asset Services Regulations 2026, for each of the ten Schedule I licence categories. This capital sits in the licensed company’s own balance sheet — it is not paid to anyone.
These are regulatory capital thresholds, not CoinConnect fees. Our advisory fees are quoted separately and are unrelated to these amounts.
| Licence Category | Min. Paid-Up Capital | Approx. USD | Available Pre-Licence via NOC? |
|---|---|---|---|
| Advisory Services | PKR 25 million | ~$89,000 | No — full licence |
| Broker-Dealer Services | PKR 100 million | ~$357,000 | Yes — AML-Registered |
| Custody & Administration | PKR 200 million | ~$714,000 | Yes — AML-Registered |
| Management & Investment | PKR 200 million | ~$714,000 | No — full licence |
| Transfer & Settlement | PKR 200 million | ~$714,000 | No — full licence |
| Lending & Borrowing | PKR 500 million | ~$1.79 million | No — full licence |
| Virtual Asset Derivatives | PKR 500 million | ~$1.79 million | Yes — AML-Registered |
| Exchange Services | PKR 1 billion | ~$3.57 million | Yes — AML-Registered |
| Virtual Assets Issuance | PKR 1 billion + reserves | ~$3.57 million | No — full licence |
| Mining-Related Services | Not separately specified in the draft; pure mining for own account is excluded | No | |
Swipe the table sideways to see USD and pre-licence status
A single licence can cover more than one category under Section 21(3), and Section 25(4) allows risk-based exemptions for limited-scope or low-risk licensees. Getting the mix right decides your capital lock-up. Read the full PVARA guide →
Single Point of Contact
One team handles regulatory, corporate, tax, and launch — no vendor coordination headaches.
Proven Exchange Experience
Worked directly with Bybit, CoinEx, and BingX — hands-on, not theoretical consulting.
Advisory + Infrastructure
Not just the licence — FBR reporting, withholding tax and NADRA KYC systems built for life after approval.
End-to-End Accountability
We stay engaged until your exchange is fully operational and compliant in Pakistan.
Track Record
Answered from the Virtual Assets Act 2026, the PVARA No Objection Certificate Regulations 2025, and the Sandbox Guidelines 2026 — with section references so you can verify every answer.
Every regulatory statement on this page is drawn from the following primary instruments. Section and regulation numbers are cited inline so you can verify each one.
Important qualifications. Per-category minimum paid-up capital figures remain in draft — the Act itself sets no amounts, and figures must be confirmed at filing. Paid-up capital is share capital held in your own company; it is not a fee paid to PVARA and it is not a CoinConnect fee. No published PVARA fee schedule has been located, though Sections 14(2)(h), 19(2) and 19(4)(a) of the Act contemplate NOC, licensing, supervision and renewal fees — treat fees as pending, not absent. FBR Rules under Section 66 have not been notified, so no prescribed VASP tax reporting format currently exists in Pakistan. All CoinConnect RegTech products are in development and are not generally available; they are described here as a roadmap, not as a product you can buy today, and each will be delivered strictly within the scope of the relevant government data-access authorisations. Timelines are indicative and depend on submission completeness. Nothing on this page is legal or tax advice for a specific matter. CoinConnect’s corporate registration is independently verifiable on the SECP LEAP portal.
Prepared by the CoinConnect regulatory team, COIN CONNECT (SMC-PRIVATE) LIMITED, SECP No. 0294969, Karachi, Pakistan. Longer analysis of each instrument is published on the CoinConnect blog.
Get a customised service package covering PVARA licensing through full market launch. Free consultation, response within 24 hours.
Free consultation • No obligations • Response within 24 hours
From PVARA licensing to full market launch, we provide comprehensive services for global crypto exchanges entering Pakistan's 240M+ market — and we're building the compliance infrastructure that keeps you licensed once you're in.
CoinConnect provides end-to-end market entry and compliance services for crypto exchanges and VASPs entering Pakistan under the Virtual Assets Act 2026. Four service lines are operational today — PVARA regulatory and licensing advisory, SECP corporate setup under the Companies Act 2017, FBR tax and banking, and market launch and growth. A fifth line, CoinConnect RegTech, is a compliance infrastructure division currently in development. CoinConnect is COIN CONNECT (SMC-PRIVATE) LIMITED, SECP No. 0294969, operating in this market since 2022.
Four core service pillars covering every stage of your Pakistan blockchain market entry, plus a fifth pillar — compliance infrastructure — currently in development.
Navigate the PVARA framework and secure your crypto exchange license with expert end-to-end support.
Complete Pakistan entity formation with all SECP and PVARA operational requirements handled end-to-end.
FBR registration, tax compliance under Section 66 of the Virtual Assets Act 2026, and corporate banking solutions for virtual asset service providers.
Post-licensing market entry campaigns, PR, and community building for a successful Pakistan launch.
A licence gets you into Pakistan. Systems keep you there. Four products in development that automate the obligations every licensed VASP inherits on day one — FBR tax reporting, withholding at withdrawal, and NADRA-linked identity verification for new and existing users.
FBR has not yet notified a VASP reporting format under Section 66 of the Virtual Assets Act 2026. We are building the conversion layer now, so that when it is notified your raw exchange data can be mapped to it rather than rebuilt for it.
Tax calculated and deducted automatically at the moment of withdrawal, then routed to your tax account or onward to FBR. No manual reconciliation.
Verify a Pakistani user's identity against NADRA at onboarding and screen them against government and law-enforcement databases — clear or flagged, in real time.
Already have Pakistani users who were never verified to PVARA standard? We run your entire existing base through NADRA verification in bulk.
Development Status & Access
All four products are currently in development and are not yet generally available. We are opening early access conversations with PVARA NOC holders and licence applicants who want to shape the integration spec around their own stack. Government-data products are delivered strictly within the scope of the relevant authorisations and data-sharing permissions, and every product is designed to keep the VASP as the accountable filer and data controller. We will not describe a capability as live before it is.
Navigate Pakistan's Virtual Assets Act 2026 with expert guidance on PVARA NOC application and full VASP licence acquisition. Section 19(1) requires an NOC before you even begin incorporation, and Regulation 17.1 gives PVARA 60 calendar days to decide once your submission is complete — so documentation quality determines your timeline.
Our regulatory team has tracked PVARA since its inception. We prepare Form A1 with the supporting Controller, Fit & Proper, AML framework and outsourcing forms, and pre-test the whole pack against the Regulation 8A.1 documentation standards before filing.
PVARA Advisory & Strategy
Pre-application assessment, readiness gap analysis, licence-category mapping across the ten Schedule I services, and a tailored regulatory roadmap.
NOC Application Management
Form A1 preparation and submission with Forms A2–A5, ownership and UBO charts, and Board-approved AML documentation.
Full VASP Licence Support
End-to-end licence acquisition post-NOC, including FMU goAML registration and the four AML-Registered Services that can run pre-licence.
Regulatory Sandbox Applications
Form I, the Annexure-A self-assessment and the Annexure-B undertaking for novel products under Section 35 — accepted year-round.
AML/CFT Compliance Framework
The nine mandatory components under Regulation 8.2 — policy, CDD, EDD, TFS screening, monitoring, STR/CTR escalation, risk assessment, recordkeeping and training.
Sharia Compliance Advisory
Islamic finance advisory for structuring compliant crypto products for Pakistan's Muslim-majority market.
SECP Registration
Company incorporation under the Companies Act 2017 — private limited or subsidiary structure, filed only after your PVARA NOC is granted.
Registered Office Solutions
Physical office address and registered office in Karachi to satisfy the Section 20(6) requirement for every licensee.
Legal Documentation
MOA/AOA drafting, shareholder agreements, board resolutions, and corporate governance policies.
Key Individual Structuring
Mapping the eight Key Individual roles PVARA requires — CEO, director, CFO, Compliance Officer, MLRO, Internal Audit, Risk and Information Security — and the Form A3 fit-and-proper pack for each.
Corporate Governance
Compliance policies, operational manuals, and board structuring suited to virtual asset businesses.
Section 50(1) of the Virtual Assets Act 2026 requires every VASP to be both a company incorporated in Pakistan and a PVARA licence holder — the conditions are cumulative, and a foreign licence satisfies neither. Our corporate setup service handles complete company formation so you meet every SECP and PVARA requirement without delays.
Sequence matters. Section 19(1) requires the NOC before you commence incorporation, so you cannot approach SECP first. Section 20(6) then requires a registered office in Pakistan and at least one Key Individual ordinarily resident in Pakistan with operational and decision-making authority.
Section 66 of the Virtual Assets Act 2026 binds every licensed Virtual Asset Service Provider to the obligations imposed under the income tax statute it names as the "Income Tax Act, 2001", and to any Rules or Regulations issued by the Federal Board of Revenue. Those FBR rules have not yet been notified, so no prescribed VASP reporting format exists in Pakistan today. Our tax team manages FBR registration and NTN issuance and keeps your position current as the rules are issued.
We also facilitate corporate bank account opening — historically the biggest operational barrier for crypto companies in Pakistan. Use our Pakistan Crypto Tax Calculator to model your position under the Income Tax Act 2001, and see FBR Tax Data Bridge for the automated reporting layer now in development.
FBR Registration
Federal Board of Revenue enrollment, NTN issuance, and tax ID for virtual asset service providers.
Section 66 Tax Compliance
Ongoing compliance with the Income Tax Act 2001 obligations that Section 66 of the Virtual Assets Act 2026 imposes on every licensee, and with FBR Rules as and when they are notified.
Corporate Bank Account
Account opening facilitation with crypto-friendly Pakistan banks through our established relationships.
Tax Optimisation
Treaty benefits analysis and international tax planning for virtual asset businesses operating in Pakistan.
Audit Support
FBR audit defence, penalty protection, and support for the annual statutory audit that must verify customer-asset segregation under Section 27(2).
PR & Media Strategy
Press coverage and media relations across Pakistan's leading crypto and financial media outlets.
KOL Network Access (225+)
Access to 225+ vetted Pakistan crypto influencers and content creators, ready to activate for your launch.
Events & Activations
University partnerships, community meetups, and large-scale events across Karachi, Lahore, Islamabad, Faisalabad, and Peshawar.
Community Building
Telegram, Discord, and local community management with Urdu-language content and culturally adapted marketing.
Compliant Marketing
Section 43 restricts advertising a virtual asset unless the issuer is licensed, and requires prescribed risk disclosures in all marketing material. We build campaigns inside those limits.
Getting licensed is the first step. Winning Pakistan's market requires a well-executed market entry campaign with local expertise. Our launch team has managed campaigns for Bybit, CoinEx, and BingX — see our client engagements for the disclosable record.
With 225+ vetted KOLs, 25+ events executed, and 1M+ community members built across projects, we give your exchange the on-ground momentum needed to compete from day one.
A systematic 5-phase approach to getting your blockchain business operational and growing in Pakistan.
Business assessment and regulatory mapping
PVARA NOC application and approval
Corporate structure and documentation
Tax registration and banking setup
Market entry execution and growth
Note the order: licensing precedes incorporation. Section 19(1) requires a PVARA NOC before the incorporation process begins, so filing with SECP first is a sequencing error that costs months.
Schedule I of the Virtual Assets Act 2026 defines ten categories of Virtual Asset Service. Minimum paid-up capital comes from the Draft Pakistan Virtual Asset Services Regulations 2026 and is confirmed at filing. Capital is share capital held in your own company — not a fee paid to PVARA.
The figures below are the minimum paid-up capital the Pakistan Virtual Assets Regulatory Authority requires an applicant to hold under the Draft Pakistan Virtual Asset Services Regulations 2026, for each of the ten Schedule I licence categories. This capital sits in the licensed company’s own balance sheet — it is not paid to anyone.
These are regulatory capital thresholds, not CoinConnect fees. Our advisory fees are quoted separately and are unrelated to these amounts.
| Licence Category | Min. Paid-Up Capital | Approx. USD | Available Pre-Licence via NOC? |
|---|---|---|---|
| Advisory Services | PKR 25 million | ~$89,000 | No — full licence |
| Broker-Dealer Services | PKR 100 million | ~$357,000 | Yes — AML-Registered |
| Custody & Administration | PKR 200 million | ~$714,000 | Yes — AML-Registered |
| Management & Investment | PKR 200 million | ~$714,000 | No — full licence |
| Transfer & Settlement | PKR 200 million | ~$714,000 | No — full licence |
| Lending & Borrowing | PKR 500 million | ~$1.79 million | No — full licence |
| Virtual Asset Derivatives | PKR 500 million | ~$1.79 million | Yes — AML-Registered |
| Exchange Services | PKR 1 billion | ~$3.57 million | Yes — AML-Registered |
| Virtual Assets Issuance | PKR 1 billion + reserves | ~$3.57 million | No — full licence |
| Mining-Related Services | Not separately specified in the draft; pure mining for own account is excluded | No | |
Swipe the table sideways to see USD and pre-licence status
A single licence can cover more than one category under Section 21(3), and Section 25(4) allows risk-based exemptions for limited-scope or low-risk licensees. Getting the mix right decides your capital lock-up. Read the full PVARA guide →
Single Point of Contact
One team handles regulatory, corporate, tax, and launch — no vendor coordination headaches.
Proven Exchange Experience
Worked directly with Bybit, CoinEx, and BingX — hands-on, not theoretical consulting.
Advisory + Infrastructure
Not just the licence — FBR reporting, withholding tax and NADRA KYC systems built for life after approval.
End-to-End Accountability
We stay engaged until your exchange is fully operational and compliant in Pakistan.
Track Record
Answered from the Virtual Assets Act 2026, the PVARA No Objection Certificate Regulations 2025, and the Sandbox Guidelines 2026 — with section references so you can verify every answer.
Every regulatory statement on this page is drawn from the following primary instruments. Section and regulation numbers are cited inline so you can verify each one.
Important qualifications. Per-category minimum paid-up capital figures remain in draft — the Act itself sets no amounts, and figures must be confirmed at filing. Paid-up capital is share capital held in your own company; it is not a fee paid to PVARA and it is not a CoinConnect fee. No published PVARA fee schedule has been located, though Sections 14(2)(h), 19(2) and 19(4)(a) of the Act contemplate NOC, licensing, supervision and renewal fees — treat fees as pending, not absent. FBR Rules under Section 66 have not been notified, so no prescribed VASP tax reporting format currently exists in Pakistan. All CoinConnect RegTech products are in development and are not generally available; they are described here as a roadmap, not as a product you can buy today, and each will be delivered strictly within the scope of the relevant government data-access authorisations. Timelines are indicative and depend on submission completeness. Nothing on this page is legal or tax advice for a specific matter. CoinConnect’s corporate registration is independently verifiable on the SECP LEAP portal.
Prepared by the CoinConnect regulatory team, COIN CONNECT (SMC-PRIVATE) LIMITED, SECP No. 0294969, Karachi, Pakistan. Longer analysis of each instrument is published on the CoinConnect blog.
Get a customised service package covering PVARA licensing through full market launch. Free consultation, response within 24 hours.
Free consultation • No obligations • Response within 24 hours