Here is a step-by-step guide on how to register a company in Pakistan:
Step 1: Choose a Company Type
First, you need to decide on the type of company you want to register. The most common types are a private limited company or a public limited company. Other options include a sole proprietorship, partnership, or association of persons.
Step 2: Choose a Company Name
Choose a unique name for your company and check its availability with the Securities and Exchange Commission of Pakistan (SECP). You can do this through the SECP’s Company Name Search
Step 3: Prepare and Submit Registration Documents
The registration process will require you to submit several documents, including:
- Memorandum and Articles of Association: These documents outline the company’s structure, objectives, and rules.
- Form A: This is the application form for company registration, which can be downloaded from the SECP website.
- CNIC/NICOP copies of subscribers/directors/CEO/nominee, or passport copies in the case of foreigners.
- Proof of address for the company’s registered office.
- Other documents, as required by the SECP, depending on your company type.
Step 4: Pay the Registration Fees
The registration fees vary depending on the type of company and your authorized capital
Step 5: Obtain NTN and Sales Tax Registration (if applicable)
After your company is registered, you will need to obtain a National Tax Number (NTN) from the Federal Board of Revenue (FBR). If your company is involved in taxable sales
you will also need to register for sales tax.
Step 6: Register with Other Departments
Depending on your company’s nature of business, you may need to register with additional departments, such as the Labor Department, EOBI, and SESSI.
Additional Notes:
- The incorporation time for a company in Pakistan is generally around 1.5 to 6 weeks, depending on the company type and complexity of the process.
- Foreign investors, except for Israeli nationals, can set up single-member companies in Pakistan with only one shareholder.
- It is recommended to seek professional help or legal advice if you are unsure about any part of the registration process.