Company law in Pakistan is governed by the Companies Act,...
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Private limited company according to the oxford dictionary is: ‘(in Britain) a type of company, usually small, that does not issue shares to the public. The company’s name is usually followed by ‘Ltd’, short for ‘Limited’.
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A Single Member Company (SMC) is a class of private company, limited by shares, which is incorporated with one member.
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A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work alone and may employ other people
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A partnership (also known as a Firm / Form C) is a business structure that works just like a sole proprietorship, but with several individuals running it. The general partners share the profits and / or losses depending on their agreement. They share control and liability for business operations.
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The Sales Tax Act 1990 applies almost to each and every business engaged in import, export, sale and purchase of goods that fall within its domain. This mean that every person engaged making taxable supplies including zero-rated supplies in Pakistan and is importer; exporter; seller; distributor; retailer; or wholesaler of goods is required to get registered for sales tax with Federal Board of Revenue (FBR).
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The Chamber of Commerce and Industry (CCI) was established in 1923, presently regulated by Trade Organization Ordinance 2007. One of the main purposes of The Chamber of Commerce and Industry is to serve the local business industry and protect their interests by proposing policies to the Government amongst others. It acts as liaison between the State and the business enterprises for the purpose to spur the economic activity necessary for the development of Pakistan
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Company Registration with PSEB is compulsory to attain the benefits of Tax exemption from the Income Tax Department in Pakistan. For Call Centre Registration with Pakistan Software Export Board is necessary. Call Centre, IT Companies and Freelance who are registered with PSEB are exempted from income tax and company must attain Income Tax Exemption Certificate from FBR.
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Trade Mark Registration allow customers to identify a business as the source of a product or service. Trademarks are the basis to create a company's brand and reputation: they create a relationship of trust with customers, which enables a business to establish a loyal clientele and enhance the company's goodwill.
Once your trademark is registered no one can use that trade in Pakistan and you can also challenge if anyone is using your Sign or Trademark
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Its main statutory functions include registration of engineers, consulting engineers, constructors/operators and accreditation of engineering programmes offered by universities/institutions, ensuring and managing of continuing professional development, assisting the Federal Government as Think Tank, establishing standards for engineering products and services besides safeguarding the interest of its members
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The BUREAU OF EMIGRATION AND OVERSEAS EMPLOYMENT was setup on 1st of October 1971, by combining three federal government departments namely National Manpower Council, Protectorate of Emigrants and Directorate of Seamen’s Welfare under the directive of Government of Pakistan. The Bureau started functioning under the Emigration Act of 1922 and Rules (1959) which were subsequently replaced by the Emigration Ordinance XVIII of 1979 and Rules made there under.
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PSW stands for the Pakistan Single Window. This is a new trade system and PSW is license is very important for Import and Export Business and PSW replace VEBOC. PSW provides a means for parties involved in trade and transport to lodge standardized information and documents with a single point of entry for fulfilling all import/export and transit requirements.
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The Department of Tourist Services (DTS) is regulator for tourist services related to Islamabad and Gilgit Baltistan. Its main function is to regulate the Hotel and Travel Trades which includes Hotels, Restaurants, Travel Agents, Tour Operators and Tourist Guides. The Department is implementing the following three Acts and the Rules framed thereunder:
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Call Center business is exempt from Income Tax in Pakistan. Why? Because it comes under services and provides foreign exchange remittance.
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Dear ITNA Consultants Team, I would like to thank you for your excellent efforts and commitment in assisting us in Company Registration services . I am impressed with your dedicated answer and time that has helped us avoid unfavorable deficiencies that may have led to additional cost and time delay. Thank you once again. Regards BI Soft Tech Pvt Ltd. Adil Hameed