Registering a company in Pakistan involves several steps and requires various documents and approvals. The process can be time-consuming and complex, so it is recommended to seek the help of a professional such as a lawyer or chartered accountant.
Here is a general overview of the steps involved in registering a company in Pakistan:
- Choose a name for the company: The name of the company must be unique and cannot be similar to any existing company.
- Obtain a National Tax Number (NTN) and a Sales Tax Registration Number (STRN) from the Federal Board of Revenue (FBR).
- Prepare the company’s Memorandum of Association (MOA) and Articles of Association (AOA). These documents set out the company’s purpose, powers, and rules.
- File the MOA and AOA with the Securities and Exchange Commission of Pakistan (SECP) along with other required documents such as the certificate of incorporation and the list of directors.
- Obtain the certificate of incorporation from the SECP.
- Register for social security and employee’s old-age benefits institution (EOBI) with the Employees Old-Age Benefits Institution (EOBI)
- Obtain a trade license from the relevant local government authority.
- Open a bank account in the name of the company.
- Register for GST with the Federal Board of Revenue (FBR)
- Register for income tax with the Federal Board of Revenue (FBR)
It’s important to note that laws, regulations and procedures may change and it is recommended to consult with a professional or relevant authorities before taking any action.
It’s also important to remember that maintaining accurate and updated records, filing annual returns and compliance with all laws and regulations is important for the smooth running and longevity of the company.
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