Documents you will need to provide Safepay

As a responsible business, we take our KYC obligations and compliance seriously. We collect certain documents from you to satisfy the requirements of our financial partners and also protect customers that use Safepay to make their payments. 

This article describes the documents we will expect from you. You should prepare these or speak to your legal adviser or accountant to help you arrange these as these may take a few days.  

Without these documents we will not be able to allow you to accept live payments using Safepay in production mode. All documents can be provided digitally. 

  1. Private limited companies
  2. Sole proprietorships
  3. Small businesses and freelancers
  4. Partnerships

For information on how we handle your data please read our Privacy policy. If you would like to understand more about why we require these documents, please read this regulation from the State Bank of Pakistan.

Private limited companies

No.  Document  Reason How to arrange
1 A document proving your registered business address To see if your business is associated with the premises from which it is run  Speak to your landlord or arrange from your utility service provider (electric/gas etc) - Within last 3 months
2 Certified copy of your company's latest Form A if your business is over 1 year old


We need to see who the shareholders and directors of the business are. Form A is your annual company return filed with SECP, see this example Form A

You may have a more recent Form C instead of a Form A (this is filed when there are no changes to the previous year's Form A), see this example Form C
Speak to your legal consultant or accountant to arrange this. This must be a certified copy provided by the SECP 

3 Certified copy of your company's Form II if your business is less than 1 year old We need to see who the shareholders and directors of the business are. Form II is your incorporation application filed with SECP at time of incorporation. See this example Form II Speak to your legal consultant or accountant to arrange this. This must be a certified copy provided by the SECP 
4 Certified copy of your company's recent Form 29 
We need to see if there have been any changes to the who the latest directors of the business after the latest Form A. Form 29  is your annual company return filed with SECP, see this example Form 29  
Speak to your legal consultant or accountant to arrange this. This must be a certified copy provided by the SECP 
5 CNIC (back and front) of all directors We need to record the details of the directors of the company
6 Board Resolution passed by the company - certified copy We need to see evidence that the directors of the company authorize the opening of a Safepay account and who is responsible for operating this Speak to your legal consultant. You can use this draft we have created as a basis. Please scan and provide a certified copy
7 CNIC (back and front) of authorized signatory This is the person who is authorized to operate the Safepay account and is identified in the Board Resolution above
8 Certificate of incorporation To see valid registration with the Securities and Exchange Commission of Pakistan Speak to your legal consultant or visit the SECP website
9 Memorandum of Association and Articles of Association - certified copy To see the purpose for the creation of the company  Speak to your legal consultant. You will have received this when your company was created. Please scan and provide a certified copy
10   Bank account maintenance certificate To see the bank account associated with your business. If you are opening a bank account then please provide documentation to show this has been started Please read this guide  
11 NTN Number  To see that the company is validly registered with the tax authorities You can either provide us with your NTN or a scanned copy of your registration certificate

Sole propreitorships

No.  Document  Reason How to arrange
1 Copy of your CNIC To see your identity credentials  Submit a scan of the front and back of your CNIC
2 Bank account maintenance certificate To see the bank account associated with your business. If you are opening a bank account then please provide documentation to show this has been started Please read this guide
3 Any one of the following
Required as per SBP regulations
3.1 Registration certificate for registered concerns
3.2 Sales tax registration or NTN certificate Register with a tax authority (provincial or FBR)
3.3 Certificate or proof of membership of trade bodies etc Register with a trade body for your industry
3.4  Declaration of sole proprietorship on business letterhead Arrange a letterhead and declare yourself as a sole-propreitor

Small businesses and freelancers

No.  Document  Reason How to arrange
1 Copy of your CNIC To see your identity credentials  Submit a scan of the front and back of your CNIC
2 Bank account maintenance certificate To see the bank account to which we will settle payments. If you are opening a bank account then please provide documentation to show this has been started Please read this guide
2 Any  one of the following
Required as per SBP regulations
3.1 Registration certificate for registered concerns Register with a trade body for your industry
3.2 Sales tax registration or NTN certificate
Register with a tax authority (provincial or FBR)
3.3 Certificate or proof of membership of trade bodies etc Register with a trade body for your industry (an example is P@SHA)
3.4  Proof of source of funds We need to know you are pursuing a legitimate activity  Bank account statements or statements from Upwork/Fiverr to show that you have been paid for doing legitimate work

Partnerships

No.  Document  Reason How to arrange
1 Copy of the applicable valid identity document of all partners and authorized signatories To see who the partners are behind the business Provide front and back scans of all partners CNICs and any authorized signatory 
2 Attested copy of ‘Partnership Deed’ duly signed by all partners of the firm Required as per SBP regulations A lawyer or attestation service provider should be able to help you
3 Attested copy of Registration Certificate with Registrar of Firms. In case the partnership is unregistered, this fact shall be clearly mentioned on the Account Opening Form. Required as per SBP regulations A lawyer or attestation service provider should be able to help you
4 Authority letter signed by all partners for opening and operating the account Required as per SBP regulations Speak to your legal consultant. You can use this guide we have created as a basis
5 Bank account maintenance certificate To see the bank account to which we will settle payments. If you are opening a bank account then please provide documentation to show this has been started Please read this guide
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