Opening a bank account for a private limited company in Pakistan requires a number of documents to be submitted to the bank. The specific requirements may vary depending on the bank and the type of account being opened, but generally, the following documents are required:
- Incorporation Documents: A copy of the company’s incorporation certificate and articles of association issued by the Securities and Exchange Commission of Pakistan (SECP) are required.
- National Tax Number (NTN) and Sales Tax Number (STN): The company’s NTN and STN certificates issued by the Federal Board of Revenue (FBR) are required.
- Board Resolution: A Board Resolution passed by the company’s Board of Directors, authorizing the opening of the bank account and appointing an authorized signatory.
- Proof of Address: The company’s utility bill or any other document, which can confirm the company’s physical address, is required.
- Identification of Authorized Signatories: The Original CNIC or Passport of the authorized signatories is required.
- Company’s Memorandum and Article of Association: A copy of the company’s Memorandum and Article of Association is required.
- Business Plan: A detailed business plan which includes details of the company’s products, services, target market, etc.
- Bank Account Opening Form: The bank’s account opening form, which must be completed and signed by the authorized signatories.
It is important to note that some banks may require additional documentation, such as financial statements, proof of business registration, or references. It’s best to contact the bank to confirm the exact documentation required before opening a bank account.
In summary, opening a bank account for a private limited company in Pakistan requires a number of documents to be submitted to the bank, including incorporation documents, proof of address, identification of authorized signatories, company’s memorandum and article of association, business plan and bank account opening form. It is best to contact the bank to confirm the exact documentation required before opening a bank account.