To register a partnership in Pakistan, you will need to follow these steps:
Choose a business name: Select a unique name for your partnership that is not already in use by another business.
Obtain a National Tax Number (NTN) for each partner: This can be done by visiting the nearest Regional Tax Office (RTO) or Tax Facilitation Center (TFC) and submitting the required application along with the necessary documents, such as a copy of your national ID card or passport.
Draft a partnership agreement: The partnership agreement should outline the rights, responsibilities and obligations of each partner, as well as the ownership and management structure of the partnership.
Register the partnership with the Securities and Exchange Commission of Pakistan (SECP): Submit the required documents, including the partnership agreement, to the SECP to register the partnership.
Obtain a Sales Tax Registration Certificate (STRN) by providing all the information required by the FBR.
Obtain a National Sales Tax Number (NSTN) by providing all the information required by the FBR
Obtain a Sales Tax Registration Number (STRN) from the Sales Tax Department.
Note: It’s important to verify the information provided with the SECP website as rules and regulations are subject to change.
