Requirements and Procedure for Import-Export License Registration in Pakistan

Requirements and Procedure for Import-Export License Registration in Pakistan

1. Sole Proprietorship Business: For a sole proprietorship business, the following documents and steps are required for WeBOC registration with the Federal Board of Revenue (FBR) for import and export purposes:

  • Active National Taxpayer Number (NTN) verified through the FBR website.
  • Sales Tax Registration Number (STRN) or GST registration certificate, verifiable on the FBR website.
  • Copy of the CNIC (Computerized National Identity Card) of the sole proprietor/business individual.
  • Proof of business premises, either a rent agreement or ownership documentation, along with the CNIC copy of the landlord.
  • Utility bills (Electricity, Landline phone, and Gas) for the business premises.
  • NADRA’s Verification (VERISYS) of the owner’s CNIC.
  • Original valid membership certificate from a Chamber of Commerce & Industry or a trade body or association registered with FPCCI (Federation of Pakistan Chambers of Commerce & Industry) with the same address as on NTN.
  • Bank statement for the business for the last two months, along with an account maintenance certificate.
  • Submission of a WeBOC challan of Rs 500 in cash at an NBP (National Bank of Pakistan) booth as the registration fee (Account Number: 4057497419 at Islamabad Dry Port).
  • Personal appearance of the owner or authorized partner.
  • Original Clearing Agency License (only required if the business operates as a clearing agent).
  • A request letter on the company’s letterhead addressed to the Deputy Collector Customs for WeBOC Registration at Islamabad Dry Port.
  • An undertaking on Rs. 100/- stamp paper, signed with a thumb impression, along with CNIC copies of witnesses (original copies to be retained).
  • Two visiting cards.
  • Two passport-sized photos of the person appearing for registration.
  • An attested photocopy set of all the above documents, along with the originals.
  • Duly filled, signed, and stamped registration form available on the www.weboc.gov.pk website.

2. Private Limited Company: For single-member private limited companies or private limited companies, the requirements are mostly the same as those for sole proprietorship registration. However, there are additional requirements:

  • CNICs of all Directors/Partners/Owners (as applicable).
  • Original Incorporation Certificate (only for Limited Companies) certified by SECP (Securities and Exchange Commission of Pakistan).
  • Memorandum of Association (MOA), latest Form-29, Form-21, and latest Form-A, all certified/verified by SECP.
  • Original Partnership Deed (in case of a partnership or association of partnership).
  • Original Board Resolution on the company’s letterhead and an authority letter on a Rs 100 stamp paper, signed by directors as mentioned in the latest Form-A.
  • In the case of an association of partnership (AOP), an authority letter on a stamp paper signed by all partners must be provided.
  • NADRA’s Verification (VERISYS) of all CNICs of partners/directors.
  • Personal appearance of the authorized partner/authorized director.
  • An attested photocopy set of all the above documents, along with the originals.
  • The Importance of WeBOC Registration for Import-Export Businesses in Pakistan

  • WeBOC registration has become a crucial requirement for businesses involved in import and export activities in Pakistan. In this blog, we will explore why WeBOC registration is essential and how it benefits businesses.

    1. Digital Transformation:

  • WeBOC registration is an essential component of Pakistan’s digital transformation efforts in the customs and trade sector. It replaces manual processes with an efficient, automated, and user-friendly online system, making it easier for businesses to interact with customs authorities.

    2. Streamlined Customs Procedures:

  • WeBOC simplifies and streamlines customs procedures, reducing paperwork and bureaucratic hurdles. Businesses can now submit declarations, obtain clearances, and pay duties and taxes electronically, significantly reducing the time and effort required for trade transactions.

    3. Improved Transparency:

  • One of the key advantages of WeBOC is the enhanced transparency it brings to import and export processes. All relevant information, such as duty calculations, is readily available to businesses, reducing the likelihood of disputes and errors.

    4. Reduced Clearance Time:

  • With WeBOC, the clearance time for goods at ports and customs has been significantly reduced. This means that businesses can receive their imported goods more quickly and export their products without unnecessary delays, contributing to increased efficiency and competitiveness.

    5. Cost Savings:

  • WeBOC registration helps businesses save costs associated with paperwork, storage, and manual data entry. It also reduces the risk of penalties and fines resulting from non-compliance with customs regulations.

    6. Enhanced Compliance:

  • The system enforces compliance with customs regulations and trade policies. WeBOC ensures that businesses meet all legal requirements, protecting them from potential legal consequences and safeguarding the integrity of the import-export sector.

    7. Access to Trade Statistics:

  • WeBOC provides businesses with access to valuable trade statistics and data, helping them make informed decisions about market trends, demand, and supply. This information is critical for business planning and growth strategies.

    8. Centralized Information Hub:

  • WeBOC acts as a centralized information hub, allowing customs authorities to efficiently manage and monitor trade activities. This centralization enhances security measures and reduces the risk of fraud and smuggling.

    Conclusion:

  • WeBOC registration is a mandatory and essential step for businesses involved in import and export activities in Pakistan. This digital platform has revolutionized trade processes, making them more efficient, transparent, and cost-effective. By streamlining customs procedures, reducing clearance times, and enhancing compliance, WeBOC plays a pivotal role in boosting the competitiveness of Pakistani businesses in the global market. Embracing this digital transformation is not just a requirement but also an opportunity for businesses to thrive in the ever-evolving world of international trade.