Business Regiseration in Pakistan
Streamline Your Entry into Pakistani Market
Usman Rasheed and Co Chartered Accountants, your trusted partner for business registration in Pakistan. With our expert guidance and comprehensive solutions, we are here to guide international companies and businesses to smoothly establish their presence and operate in Pakistan’s thriving market
Unlock the Gateway to the Pakistani Market
Pakistan’s vibrant business landscape offers a wealth of opportunities for growth and success. At Usman Rasheed and Co Chartered Accountants, we specialize in helping businesses of all sizes tap into this market’s potential. With our extensive experience and in-depth knowledge of local regulations, we provide you with tailored solutions that align with your unique goals and requirements.
Streamlined Business Registration Services
Navigating the complexities of business registration in a foreign country can be a daunting task. That’s where our expert team comes in. We offer comprehensive business registration services, ensuring a smooth and hassle-free process for you. From preparing the necessary documentation to liaising with government authorities, we handle all the formalities, allowing you to focus on what you do best – running your business.
Seamless Company Registration for International Enterprises
Expanding your operations to Pakistan requires a solid foundation. Our dedicated team specializes in company registration for international enterprises, providing you with the necessary support and expertise every step of the way. We understand the nuances of the local business environment and will guide you through the legal and regulatory requirements, ensuring compliance and peace of mind.
Tailored Solutions for Your Business Needs
At Usman Rasheed and Co Chartered Accountants, we believe that every business is unique. That’s why our services are customized to fit your specific needs and objectives. Our team takes the time to understand your vision, allowing us to deliver personalized solutions that drive growth and success. Whether you require assistance with tax planning, financial reporting, or other related services, we have the expertise to help you thrive in the Pakistani market.
Experience Excellence in Business Support Services
Choosing Usman Rasheed and Co Chartered Accountants means choosing excellence. Our team of experienced professionals is dedicated to providing you with the highest level of service and support. We pride ourselves on our attention to detail, commitment to deadlines, and ability to deliver results that exceed expectations. With our guidance, you can navigate the intricacies of the Pakistani business landscape with confidence and ease.
Partner with Us for Success
When it comes to business registration and company registration services in Pakistan, Usman Rasheed and Co Chartered Accountants is your trusted partner. We are committed to your success and go the extra mile to ensure your business thrives in the Pakistani market. Discover the opportunities that await you and let our expertise pave the way to your growth and prosperity.
Pakistan is very welcoming towards foreign investors. Foreign businesses may establish their business/company through Securities & Exchange Commission of Pakistan (SECP), which is responsible for registration of companies in Pakistan. Registering a company has been automated and it can now be registered in one day with SECP and Federal Board of Revenue (FBR). Details on overview of legal entities, types of legal entities, how to register company and alternatives to register company are as under:
Types of Legal Entities in Pakistan
Following types of legal entities exist in Pakistan.
Private Limited Company
Foreign investors can set up fully foreign-owned Private Limited Companies (PLCs) in Pakistan. The minimum number of shareholders needed in order to register this kind of company is two (02). The minimum capital requirement in case of PLCs is PKR 100,000 (US$ 600). Another requirement is that the registered address of the company’s office must be in Pakistan. The incorporation time of a Limited Liability Company in Pakistan with SECP & FBR is one day.
Single Member Company
Foreign investors can set up a single member company in Pakistan with only one shareholder with a minimum capital of PKR 100,000 (US$ 600)*. The incorporation time is one day and registered address of the company should be in Pakistan.
Public Limited Company
A Public Limited Company has their shares offered to the general public. Those shares are with limited liability. Anyone can acquire the shares. It may be through a public offering or through trading in the stock market. There are two types of public limited companies in Pakistan, unlisted and listed. The details are listed below.
Steps for Registration of Company
Step 1: Approval of Company Name
This is the first step of company registration in Pakistan is choosing the company’s name. It is important to devise a unique company name that would set you apart from the rest in the industry.
Step 2: Submission of Documents
Once the company name gets the approval, you need to submit the incorporation documents to the Securities and Exchange Commission of Pakistan (SECP).
Step 3: Certificate of Incorporation
After submitting the documents, the SECP evaluates them. They check their validity. A digital signature is granted by the National Institutional Facilitation Technologies (NIFT) and can be acquired through the SECP. They issue the certificate of incorporation. A presentation of the company’s details may be needed. However, this depends on where the business started.
Step 4: Deposit of Shares Deposit Money
After the registration, shareholders must deposit their corresponding amount of shares purchased in the company’s bank account.
Step 5: Registration of Income, Sales, and Professional Taxes
The last step of company registration in Pakistan is the registration with the FBR and issuance of the NTN. A sales tax registration number may be registered if applicable. The procedure of registering a Public Limited Company is same as above. However, they may require you to submit more documents.
Alternatives to Register Company
A branch office is an alternative to company registration if a foreign company/business wants to have a presence in Pakistan without setting up a separate legal entity. Branches carrying out a contract in Pakistan can be established. A branch office, however, cannot take part in any commercial or trading activities of whatever nature. Therefore, your activities depend on the contract you signed. The contract restricts your activities. The parent company owns 100% of the branch office in the country of origin. It does not require any minimum capital. Process time for the registration takes up to seven weeks. The permit can be valid for 1 to 5 years if it has an approval from the BOI.
If you want to promote your products in Pakistan, you can set up a 100% foreign-owned liaison office here. Besides product promotion, you can also provide technical advice and assistance, explore the various possibilities of joint collaboration, and export promotion in Pakistan. However, this type of office cannot engage in commercial or trading activities and it is not subjected to any minimum capital. The standard time for establishing a liaison office in Pakistan is seven (7) weeks. Therefore, once granted your permit will have a validity period of 1 to 5 years. The Board of Investment (BOI) needs to approve it.
Let’s connect and discover how we can help your business thrive
Why Choose Us?
- Expertise: With years of experience in the field, we have developed a strong expertise in various domains, including accounting, taxation, auditing, and corporate advisory.
- Client-Centric Approach: We believe in building long-term relationships with our clients based on trust, integrity, and transparency.
- Comprehensive Services: Whether you are a small business owner, an established corporation, or an individual seeking tax advice, we offer a wide range of services to cater to your needs. From tax planning, audit,corporate adviosry and compliance to financial statement preparation, our holistic approach ensures that all aspects of your financial well-being are taken care of.
- Local Market Knowledge: Being a local firm, we have an in-depth understanding of the Pakistani market dynamics, regulations, and cultural nuances. This local expertise allows us to offer valuable insights and guidance that can give your business a competitive edge.
Usman Rasheed & Co Chartered Accountants is a leading financial advisory and audit firm in Pakistan, having offices in Islamabad, Quetta, Lahore, Karachi, Peshawar & Gilgit. The firm is providing Audit, Tax, Corporate, Financial, Business, Legal & Secretarial Advisory services and other related assistance to local and foreign private, public and other organizations working in Pakistan