How To Register A Company In Pakistan?

How To Register A Company In Pakistan?

Following are the main requisites for company registration in Pakistan:

Availability of Name:

Availability of the proposed name needs to be ascertained from the Registrar.
You can choose any name but subject to the approval of the Securities & Exchange Commission of Pakistan. The availability is checked through a current list of Company names and the decision made accordingly.

Filing of Documents:

As per the law the following documents are required to be filed with the Registrar concerned:

    • Declaration of compliance
    • Copy of national identity card or passport, in case of foreigner, of each subscriber and witness to the memorandum and article of association.
    • Identification of office’s location
    • Copies of Memorandum and Articles of Association with each members signature
    • Particulars of directors, secretary, chief accountant, auditors and others
    • Registration/filing fee
    • Authorization by sponsors

Get digital signatures from the National Institutional Facilitation Technologies or by using SECP’s e-Services
Make a company seal: Depending on which city you are going to start your business in, you may be required to present a company seal. It is prepared generally after the certificate of incorporation is issued

Get digital signatures from the National Institutional Facilitation Technologies or by using SECP’s e-Services
Make a company seal: Depending on which city you are going to start your business in, you may be required to present a company seal. It is prepared generally after the certificate of incorporation is issued,

Register for Income, Sales and Professional Taxes

To register for Income tax, you’re supposed to apply for a National Tax Number (NTN) at the tax facilitation of the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR). The requirements for this application are:

    • NTN form
    • Proof of registration
    • Memorandum and Articles of association
    • Bank account number
    • Copies of National Identity Cards (NICs) of companies’ Directors
    • An attestation of business address

All of these are to be submitted at the nearest tax facilitation counter of the RTO in Pakistan.
Sales tax, like the income tax can be registered for, by applying for a Sales Tax Number (STN) at the tax facilitation centre of the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR).
For the Professional tax, you’ll need to register with Excise and Taxation (ET) Department of the District.

Register with Employees Social Security Institution and with the Employees Old Age Institution as well as with the Register of the Labor Department of the District.

 

For more information click here: http://courtingthelaw.com/2016/02/17/faqs/process-of-company-registration-in-pakistan/

Maryam Hayat

The writer is a Barrister working as an Associate for Kilam Law and is also a member of the Editorial Team at Courting the Law.



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