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In this article, you will get all the information related to company registration in Pakistan (incorporation of company, register a company, registering a business, register company name, trademark registration in Pakistan).
The process of Company Registration In Pakistan (Incorporation Of Company)
Do you have a plan to start your own company but worrying for Company Registration In Pakistan (Incorporation Of Company)? Then do not worry, you will get all the information about company registration in Pakistan? hopefully, you will find all the information to start a business and register a business in Pakistan.
The process to register company name is very easy. What you have to do is to follow the guided steps to register a company. Securities and Exchange Commission of Pakistan governs the process of incorporation of company. However, companies Ordinance Act of 1984 controls it. Although, Securities and Exchange Commission of Pakistan appoints the registrar to register company name.
Types of companies for trademark registration in Pakistan – Company Registration In Pakistan (incorporation Of Company)
There are 3 different types of companies according to the Companies Ordinance, 1984 which can be a company:
- Private limited by shares: In this company, the shareholder owns limited liability on the paid amount/due amount.
- Limited by guarantee: This company is independent of shares and shareholders – No share and shareholders but members.
- Unlimited liability company: The private company (general partnership or Sole proprietorship), where owner/s, stockholders, or partners take responsibility for personal as well as unlimited liability for all debts as well as obligations of the company. In return, they do not pay double tax for the company.
However, we have placed a form below for company registration in Pakistan. So, please fill to register company name. Consequently, we will contact you right away.
Here are some pre-defined rules by SECP for the incorporation of company in Pakistan.
Register Company Name – Incorporation Of Company (Company Registration In Pakistan)
Although there are many. But, we summarize all the steps for registering a business in just six essential steps. So, here you go with the first step in detail.
Choose & approve to register company name
First, you need to find and choose a unique name with an appropriate selection of words. SECP does not accept prohibited terms according to the policies. Moreover, if you choose any prohibited words or resembling words with other existing companies then your proposed selection of company name will be thoroughly scrutinized. Hence, while selecting a name to register a business ( register a company), one must overview the terms and conditions by SECP.
For this reason, one needs a lawyer. Do not worry, we are here with the solution. Just read the whole article or you may contact us/fill the form. The company will contact you at earliest.
Charges for incorporation of company ( Register a company – Registering a Business)
Once the company name gets registered, one needs to file an application to SECP in order to get the name availability certificate. SECP charge fee for this certificate. So, challan form can be paid in any MCB Branch (Muslim Commercial Bank). And in last, SECP acquires some documents mentioned below:
- Compliance declaration
- Office’s locality identification
- Particulars of entities inclusive of directors, chief accountants, secretary, auditors, & any other/s.
- Copies of documents; signed MoAs & AoAs as mentioned below:
MOA stands for Memorandum of Association. Its objective is to define the niche/sector of the business. This sector can be trading, manufacturing, travel agency, education, supply/chain of stores, or any category that defines the type of business industry.
AoA stands for Articles of Association. It comprises of daily proceedings of the company like how the company will function; role of CEO, directors, daily meetings, hiring etc inclusively.
Company Seal With Digital Signature ( Register A Company – Registering a Business)
For incorporation of company, company seal with a digital signature is a necessary part. National Institutional Facilitation Technologies (NIFT) grants respective signature and obtained by using E-services of the SECP. After issuance of the registration certificate, one has to show the company seal; location of the business head office inclusively. Additionally, there is a corporate seal in some states that require to be submitted as a company seal.
Registration of income, sales, & other professional taxes ( Register A Company – Registering a Business)
There are 3 types of tax registrations given below:
Income Tax Registration – For Company Registration In Pakistan (Incorporation Of Company)
As a matter of fact, it is essential to register company name for occurring taxes. For income tax registration, one has to apply for NTN (National Tax Number) at the tax facilitation canter of the RTO (Regional Tax Office) of FBR (Federal Board of Revenue). Although, the required documents for NTN are below; need to be submitted at the RTO’s tax facilitation counter in Pakistan.
- Form of NTN
- Proof of Registration
- Additionally, MoAs & AoAs
- Likewise, Bank Account Number
- Moreover, Copies of NIC/s (National Identity Card/s) of firms’ Directors
- And, Business Address Attestation
Sales Tax Registration – For Company Registration In Pakistan (Incorporation Of Company)
However, for sales tax registration, one has to apply for STN (Sales Tax Number) at the tax facilitation of the RTO (Regional Tax Office) of FBR (Federal Board of Revenue).
Professional Tax Registration – For Company Registration In Pakistan (Incorporation Of Company)
Additionally, for professional tax registration, one needs to register with ET (Exercise and Taxation) Department of the District.
Registration with EOBI and essi ( Register a company – Registering a Business)
Likewise, for registering a business, the company need to register with below-mentioned institutions; Location dependent.
- Firstly, Punjab Employees Social Security Institutions – PESSI
- Secondly, Sindh Employees Social Security Institution -SESSI
- Thirdly, Balochistan Employees Social Security Institution -BESSI
- Fourth, Khyber Pakhtunkhwa Employees Social Security Institution – KPKESSI
Moreover, any industry/commercial establishment having employees equal or more than 5 need to get registered with EOBI (Employees Old-Age Benefits Institution). Additionally, upon retirement, EOBI insures the employees will entitle to the pension, invalid in case of an old-age grant, disability, or survivor’s pension.
Registration with LABOUR department of respective district ( Register a company – Registering a Business)
In order to provide security to the labour standard of the workers, every company need to register with the District Chief Inspector of the labour dept of the respective district. However, to register company name, the employer is acquired submission of the application form A and challan form of relevant bank.
And hence, these are the essential requirements for company registration in Pakistan (incorporation of company, register a company, registering a business, register company name, trademark registration in Pakistan). Although one needs to fulfil all mentioned requirements but need a lawyer or entity to register company name.
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You can contact through mail/call/whatsapp/ fill the below-given form. So, you can be contacted in meantime.
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