If you’re looking to establish a company in Pakistan, it’s crucial to understand the requirements and procedures for registering a business here. Here, we will provide you with valuable information on the requirements for company registration in Pakistan, as well as the associated costs. By following these guidelines, you can select the most suitable method for forming your new business in Pakistan.
To initiate the company registration process in Pakistan, you need to apply for incorporation. The initial step is selecting a unique company name that does not contain any prohibited words. Once the name is chosen, you must submit the required documents to the Securities and Exchange Commission of Pakistan (SECP), which will then verify the documents. These specimen documents can be obtained from the SECP website.
When registering a company, the primary documents required are the Memorandum of Association (MoA) and the Articles of Association (AoA). The MoA outlines the fundamental objectives of the business, covering various activities such as trading or general order suppliers. The MoA should be prepared in four copies and must include the company’s contact details and registered office address.
The first step in the company registration process in Pakistan is selecting a unique name for your company. It should not contain any banned words or phrases. Once you’ve decided on a name, you must submit the necessary documents to the Securities and Exchange Commission of Pakistan (SECP). These documents should be legally valid. You can obtain a digital signature through the National Institutional Facilitation Technologies, and the SECP provides a guide on filing and completing the registration forms.
To complete the company registration process, you need to follow these steps:
Access the company incorporation brochure on the eServices portal, which offers comprehensive guidance on how to incorporate a company.
Fill out the online form with all the required data and provide a signature with a PIN.
Alongside the company registration forms, you must also register for income tax and professional tax. These registrations involve the following steps:
a. Income Tax Registration:
Apply for a national tax number (NTN) by visiting the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR) or the online portal.
Register with the Excise and Taxation Department in the district where your company operates.
Register your company with the Employees Old Age Benefits Institution in Balochistan and Khyber Pakhtunkhwa to ensure that insured employees receive a pension upon retirement.
The company registration process in Pakistan involves the following steps:
Register the company name, ensuring it is unique and doesn’t include any prohibited words. The SECP evaluates the company’s incorporation documents and grants digital signatures, which are obtained through the National Institutional Facilitation Technologies.
Submit all the required documents to the SECP, including a copy of the director’s passport, contact number, physical address, paid capital declaration, and directors’ positions.
After submitting the documents, the company will be listed on the SECP website, and an incorporation fee will be applicable.
Prepare the Articles of Association and Memorandum of Association, which outlines the company’s general objectives and business plans. It should include details specific to your company, such as being a general order supplier or trading company.
Apply for the SECP’s Incorporate Certificate, which typically takes 24 hours to process, barring any objections. Certain businesses, such as non-banking finance companies, security services, and associations of not-for-profit organizations, may require prior licenses, leading to a longer processing time. Overall, the registration process is generally straightforward.
To incorporate a company in Pakistan, you must submit the Memorandum of Association and Articles of Association (MoA). Once the SECP approves these documents, the company can commence its operations. Depending on the city where the business is located, acquiring a company seal may also be necessary. If it’s not applicable to your company, the SECP will refund the application fee and send a confirmation email.
Cost of Company Registration:
Comparison of Registration Costs:
Application and Availability:
Note: It’s advisable to seek legal advice from experts in Pakistan, especially if you plan to incorporate a more complex company, before proceeding with the registration process.