Business plan for a licence: bank, insurer, broker, AIFC
The regulator licenses a bank, an insurer or a broker only after reviewing a 3–5 year business plan. In the AIFC the same requirement is called a Regulatory Business Plan. We prepare the business plan to the requirements of the ARDFM or AFSA with a forecast of capital, income and expenses.
The first review of your project is free and without obligation. We reply in working hours and tell you where to apply and whether you are in time.
Apex Consulting is a consulting firm in Astana, working since 2017. We have prepared 2,137 business plans for 535 clients; our clients have raised $1.7 billion in financing. Payment: 70% after the brief is agreed, 30% after the committee approves the project. Revisions after expert comments are free for three months. We defend the project before the committee together with the client. From ₸350,000, from 3 working days.
Bank
For a banking licence the Agency for Regulation and Development of the Financial Market requires a business plan for the first three financial years: goals, target segment, services, marketing strategy, funding sources, income and expense forecast.
Insurance and reinsurance company
Under the Law on Insurance Activity the business plan covers 3 years for general insurance and 5 years for life insurance, is signed by an actuary and approved by the board of directors. It covers risks by class of insurance, tariffs with justification, a forecast of income, expenses and insurance reserves, stress scenarios, reinsurance and investment policy.
Broker, dealer, asset manager
A securities market licence requires a 3-year business plan approved by the board of directors.
AIFC: Regulatory Business Plan
In the Astana International Financial Centre, AFSA requires a Regulatory Business Plan for any licensed activity, including the FinTech Lab: activities, 3-year forecasts and budget with the minimum capital calculation, resources, governance and internal controls. Authorisation usually takes 2–3 months. The document is prepared in English.
Where a business plan is not needed
Microfinance and payment organisations do not need a business plan for a licence or registration: the document list does not include one. If someone offers you a “business plan for a microfinance licence”, it is unnecessary work.
How we work
Free review: we confirm the licence type and the regulator’s requirements. After the brief is agreed and 70% is paid, we prepare the business plan with a financial model of capital, income and expenses in Russian or English. We answer the regulator’s comments. 30% is paid after the regulator’s decision.
What you get
- A 3–5 year business plan to ARDFM requirements or a Regulatory Business Plan for AFSA.
- Financial model with a forecast of capital, income and expenses.
- Stress scenarios and capital adequacy calculation.
- Answers to the regulator’s comments.
From ₸350,000, from 3 working days. Payment: 70% after the brief is agreed, 30% after the committee approves the project. Revisions after expert comments are free for three months; we defend the project with you.
Questions and answers
- Does a microfinance licence need a business plan?
- No. The document list for a microfinance organisation licence does not include a business plan.
- What period does an insurer’s business plan cover?
- 3 years for general insurance and 5 years for life insurance, signed by an actuary.
- Do you prepare an AIFC Regulatory Business Plan in English?
- Yes, we prepare the AFSA document in English with 3-year financial forecasts.
- How much does it cost?
- From ₸350,000. A business plan for a bank or an insurer is larger; we quote the price and timeline after the review.
Cases
Private medical centre
Loan for the building and equipment. Revisions to the bank’s comments until approval. Amount: $1.6 mln
Corrugated packaging plant
Development fund leasing: 3%, 20 years. Plan reconciled with accounts and debt. Amount: $1.1 mln
Fish farm
10-year loan from a development corporation. Plan built to the lender’s checklist. Amount: $1 mln
Sources
Programme terms change. Checked on 15 October 2026. Verify with the primary source before applying:
The first review of your project is free and without obligation. We reply in working hours and tell you where to apply and whether you are in time.