Registering a company in Pakistan involves several steps and procedures. Here’s a general outline of the process:
Registration Process for a New Company in Pakistan
Introduction to Company Registration Process in Pakistan
A proper guide that informs readers about the process of company registration in Pakistan.
Starting a new company in Pakistan involves several procedural steps that are designed to ensure legal compliance and facilitate business operations. Understanding these steps is crucial for entrepreneurs and business owners aiming to establish a new venture in the country. This guide provides an overview of the company registration process in Pakistan, outlining the key requirements, documents needed, and the procedural steps involved.
Key Elements to Include:
1. Legal Framework:
Briefly mention the legal framework governing company registration in Pakistan, such as the Companies Act, 2017, which regulates the formation and operation of companies in the country.
2. Purpose and Scope: Explain the importance of registering a company, including legal protection, access to financing, and credibility in the market.
3. Audience: Identify the intended audience, such as entrepreneurs, investors, or business advisors, who may benefit from understanding the registration process.
2. Purpose and Scope: Explain the importance of registering a company, including legal protection, access to financing, and credibility in the market.
3. Audience: Identify the intended audience, such as entrepreneurs, investors, or business advisors, who may benefit from understanding the registration process.
4 Months
Schedule: Every Wednesday and Thursday
Time: 6:30 PM to 9:30 PM (PKT)
Format: Online live sessions with interactive Q & A
Instructor: Highly Qualified and experienced practitioners
Module 1:Company Type Selection
Decide on the type of company you want to register. In Pakistan, common types include:
Private Limited Company
Single Member Company
Public Limited Company
Partnership
Sole Proprietorship
Private Limited Company
Single Member Company
Public Limited Company
Partnership
Sole Proprietorship
Module 2:Name Availability Check
Verify the availability of your proposed company name with the Securities and Exchange Commission of Pakistan (SECP). You can do this online through the SECP e Services portal.
Module 3: Memorandum and Articles of Association
Prepare the Memorandum of Association (MoA) and Articles of Association (AoA) of the company. These documents outline the company’s objectives, internal rules, and regulations.
Module 4:Documentation
Gather the necessary documents, which typically include:
Copy of National Identity Card or Passport (for foreign nationals) of each director and shareholder.
Proof of office address (rental agreement or property documents).
MoA and AoA signed by all initial subscribers.
Copy of National Identity Card or Passport (for foreign nationals) of each director and shareholder.
Proof of office address (rental agreement or property documents).
MoA and AoA signed by all initial subscribers.
Module 5: Fees Payment
Pay the prescribed registration fees. Fees vary based on the type of company.
Module 6Form Submission
Complete the online application form available on the SECP e Services portal. Upload the required documents and submit the application.
Module 7:Verification and Approval
The SECP will review your application and documents. If everything is in order, they will issue a Certificate of Incorporation.
Module 8:Tax Registration
Register with the Federal Board of Revenue (FBR) for taxation purposes. Obtain a National Tax Number (NTN) and Sales Tax Registration Number (STRN) if applicable.
Module 9:Labor Department Registration (if applicable)
Depending on the nature of your business, you may need to register with the Employees’ Old-Age Benefits Institution (EOBI) and the Provincial Employees Social Security Institution (PESSI).
Module 10:Business Commencement
After receiving the Certificate of Incorporation, you can start your business operations.
If the company intends to engage in imports and exports, it must obtain a valid license or ID for Weboc/PSW. Details regarding the procedure and required documentation will be shared soon.
It’s important to note that specific requirements and procedures can vary based on the type of company and the jurisdiction (e.g., federal or provincial) in Pakistan.
It is advisable to consult with a legal or business advisor familiar with Pakistani corporate law to ensure compliance with all regulations and to streamline the registration process.