Service overview
Virtual-asset advice involves recommendations on virtual assets and may require PVARA's Advisory Services category.
PVARA differentiates the initial NOC, incorporation in Pakistan, and final licensing for one or more authorised services. An NOC is not an operating licence, and each chosen licence class has its own safeguarding, capital, competence and activity rules.
Who is eligible for Virtual Asset Advisory Services Licence?
Applicants must satisfy VASP licensing, personnel competence, fitness, conflict management and any class-specific capital provisions. For a licence in this category, Schedule I to the Pakistan Virtual Asset Services Regulations, 2026 prescribes minimum paid-up capital of PKR 15,000,000. Under the published framework the VASP applicant company must have at least three directors, with applicable independent-director and fit-and-proper controls.
Applicants must meet Schedule I paid-up capital, Pakistani company, directors and fit-and-proper requirements for advisory services, including professional competence and management of client conflicts.
For VASP licences, paid-up capital, eligible company form, director qualifications and actual regulated activity must be tested separately for the chosen licence class. A PVARA NOC does not grant permission to operate.
Documents and information for Virtual Asset Advisory Services Licence
Prepare the following information for virtual asset advisory services licence. The relevant regulator may require further forms or certified evidence, depending on the applicant and chosen procedure.
- Advisory business plan
- Responsible persons and qualifications
- Ownership
- Conflicts and suitability framework
- AML/CFT and consumer communication policies.
- Evidence of subscribed and paid-up capital, with supporting attestation for the applicable PVARA licensing category
How can I obtain Virtual Asset Advisory Services Licence in Pakistan?
- 01Define virtual-asset advice offered to clients
Identify whether proposed recommendations fall under PVARA Advisory Services and draft suitability/conflict safeguards.
- 02Prepare NOC and admissible applicant status
Complete promoter fitness, prescribed capital and local incorporation process under PVARA's NOC-to-licence route.
- 03Seek Advisory Services licence
Submit class-specific adviser competence, systems, customer disclosure and market conduct materials to PVARA.
- 04Implement authorised advice controls
Maintain suitability, conflicts, AML/CFT and recordkeeping after licensing.
Regulator resource: PVARA published 2026 licensing tracks
After registration or approval
Maintain suitability and disclosure controls, records of recommendations and regulator reports.
Governing law & official references
Virtual Assets Act, 2026; Pakistan Virtual Asset Services Regulations, 2026; and Pakistan Virtual Asset Services Activity Specific Regulations, 2026.
The links below lead to government or official regulatory sources relevant to this service. Use the currently consolidated Act, regulations, statutory checklist and official portal when making an application.
How Chambers can assist
Chambers can review the legal route, identify regulatory constraints, prepare or review the supporting corporate and legal documents, manage the prescribed submission and correspond with the competent authority where instructed. The scope of the engagement will be determined by the applicant’s particular circumstances.
For an initial enquiry, identify the proposed activity, applicant entity and current stage, and provide the available documents indicated above. Please avoid sending confidential or identity-sensitive records through an unencrypted first contact.
Common questions about Virtual Asset Advisory Services Licence
Who is eligible for Virtual Asset Advisory Services Licence in Pakistan?
Applicants must satisfy VASP licensing, personnel competence, fitness, conflict management and any class-specific capital provisions. For a licence in this category, Schedule I to the Pakistan Virtual Asset Services Regulations, 2026 prescribes minimum paid-up capital of PKR 15,000,000. Under the published framework the VASP applicant company must have at least three directors, with applicable independent-director and fit-and-proper controls.
What documents are needed for Virtual Asset Advisory Services Licence?
Advisory business plan; Responsible persons and qualifications; Ownership; Conflicts and suitability framework. Additional requirements can apply to the actual business or regulator.
How can I obtain Virtual Asset Advisory Services Licence in Pakistan?
Define virtual-asset advice offered to clients: Identify whether proposed recommendations fall under PVARA Advisory Services and draft suitability/conflict safeguards. Prepare NOC and admissible applicant status: Complete promoter fitness, prescribed capital and local incorporation process under PVARA's NOC-to-licence route. Seek Advisory Services licence: Submit class-specific adviser competence, systems, customer disclosure and market conduct materials to PVARA. Implement authorised advice controls: Maintain suitability, conflicts, AML/CFT and recordkeeping after licensing.
This guide is general information, not advice on your facts. Check the applicable law, notifications, updated regulator checklists and jurisdiction before acting. The authority alone determines eligibility, acceptance and approval; no outcome or processing period is guaranteed.