Company registration in Pakistan with the Securities and Exchange Commission of Pakistan (SECP) is a straightforward process if you follow the right steps. Whether you are an entrepreneur, a startup, or an established business, understanding the company registration procedure ensures compliance with legal requirements while streamlining your business operations. The process includes selecting the appropriate company type, reserving a unique company name, preparing essential incorporation documents, and submitting them through the SECP eServices portal. Once approved, your company receives a digital Certificate of Incorporation, allowing you to begin operations legally. By following a step-by-step approach, businesses can efficiently navigate SECP’s regulations and gain official recognition in Pakistan’s corporate sector.
Industry/Sector to Register a Company in Pakistan
Choosing the right industry or sector for company registration in Pakistan is crucial for long-term success. The country offers vast opportunities across various sectors, including technology, e-commerce, manufacturing, agriculture, real estate, and financial services. Each industry has specific regulatory requirements, tax incentives, and growth potential, making it essential to conduct thorough market research before starting your business. Registering your company under the Securities and Exchange Commission of Pakistan (SECP) ensures legal recognition, credibility, and access to business opportunities. Whether you are launching a startup or expanding an existing business, selecting the right sector can enhance profitability and sustainability in Pakistan’s dynamic market.
Required Investment for Company Registration in Pakistan
The cost of registering a company in Pakistan depends on various factors, including the type of business, capital investment, and government fees. The Securities and Exchange Commission of Pakistan (SECP) requires a nominal registration fee, which varies based on the company’s authorized capital. Additionally, businesses may incur costs for legal documentation, professional consultancy, and post-registration requirements such as tax registration and compliance filings. Entrepreneurs should also consider initial operational expenses, including office setup, marketing, and staffing. By planning your investment wisely, you can ensure a smooth company registration process and establish a financially sustainable business in Pakistan.
Choosing the Right Type of Company for Registration in Pakistan
Selecting the appropriate type of company is a crucial step in the registration process with the Securities and Exchange Commission of Pakistan (SECP). Businesses can choose from various legal structures, including a sole proprietorship, partnership firm, private limited company (Pvt Ltd), single-member company (SMC), or public limited company. Each type has its own legal requirements, tax implications, and liability structures. Private limited companies are the most popular choice due to their limited liability protection and credibility, while sole proprietorships are easier to set up with minimal regulatory requirements. Understanding the advantages and legal obligations of each company type helps entrepreneurs make informed decisions that align with their business goals and long-term growth strategies.
Single Member Company
GO SOLO
YOU’RE IN CHARGE
Create your company with a single member and director, giving you full control and independence in decision-making.
Private Member Company
PARTNER UP
COLLABORATE PRIVATELY
Form your company with 2 or more partners, keeping it private and maintaining a close-knit business environment without any outside involvement.
Public Limited Company
OPEN TO THE PUBLIC
REACH OUT TO INVESTORS
Establish your company with 3 or more members and offer public shareholding, enabling you to expand and achieve larger business goals.
How to Choose the Perfect Name for Your Company in Pakistan
Selecting a unique and meaningful company name is a crucial step in the registration process with the Securities and Exchange Commission of Pakistan (SECP). The name should reflect your brand identity, comply with SECP naming regulations, and be distinguishable from existing businesses. It must not include prohibited words, misleading terms, or names already registered under SECP. Before finalizing, conducting a name search through SECP’s eServices portal ensures availability and approval. A well-chosen company name enhances brand recognition, builds credibility, and plays a vital role in marketing and business growth. Ensuring compliance with legal guidelines will help you secure a strong and professional identity in Pakistan’s corporate sector.
Understanding the Capital Structure of a Company in Pakistan
The capital structure of a company defines its financial foundation and plays a key role in its growth and sustainability. In Pakistan, businesses registered with the Securities and Exchange Commission of Pakistan (SECP) must determine their authorized capital (the maximum amount a company can raise) and paid-up capital (the actual amount invested by shareholders). A well-planned capital structure balances equity and debt financing, ensuring financial stability and investor confidence. While SECP does not mandate a minimum capital requirement for most private limited companies, having a strong financial base enhances business credibility. Properly structuring your company’s capital helps in securing investments, managing liabilities, and achieving long-term success in Pakistan’s competitive market.
Required Licenses and Approvals for Company Registration in Pakistan
When registering a company in Pakistan, obtaining the necessary licenses and approvals is essential to ensure legal compliance and smooth business operations. Depending on the industry and business activities, entrepreneurs may need to acquire specific licenses from regulatory bodies such as the Securities and Exchange Commission of Pakistan (SECP), the Federal Board of Revenue (FBR), or provincial authorities. Common licenses include tax registration, the National Tax Number (NTN), sales tax registration, and industry-specific permits. Certain sectors, like finance, education, or healthcare, may require additional regulatory approvals. Securing the right licenses before starting operations not only avoids legal complications but also ensures your business can operate efficiently and grow within Pakistan’s regulatory framework.
Understanding the Applicable Laws for Company Registration in Pakistan
When registering a company in Pakistan, it is essential to be aware of the applicable laws and regulations that govern business operations. The Securities and Exchange Commission of Pakistan (SECP) is the primary regulatory authority overseeing company formation and compliance. Companies must adhere to the Companies Act, 2017, which sets out the legal framework for the registration, management, and governance of businesses in Pakistan. Additionally, businesses must comply with relevant tax laws enforced by the Federal Board of Revenue (FBR) and local municipal regulations. Understanding these laws is crucial for ensuring legal compliance, avoiding penalties, and maintaining good standing with regulatory authorities. By staying informed about the applicable laws, entrepreneurs can safeguard their companies from legal issues and ensure smooth business operations in Pakistan.
Understanding Tax Liabilities for Companies in Pakistan
When registering a company in Pakistan, understanding tax liabilities is crucial for legal compliance and business success. All companies are subject to taxation under the Federal Board of Revenue (FBR), which oversees corporate tax regulations in Pakistan. Businesses must pay income tax, sales tax, and other relevant taxes, depending on the nature of their operations. Private limited companies, for example, are subject to corporate income tax on profits, while public companies may have additional tax obligations. Companies must also register for Sales Tax if their turnover exceeds the threshold defined by the FBR. Proper tax planning and timely filing of returns are essential to avoid penalties and ensure that businesses remain compliant with the law. Entrepreneurs should consult with tax professionals or legal advisors to understand their company’s specific tax liabilities and maintain good standing with the tax authorities.
Ensuring Compliance for Company Registration in Pakistan
Compliance is a vital aspect of company registration and operation in Pakistan. Once a company is registered with the Securities and Exchange Commission of Pakistan (SECP), it must adhere to various regulatory requirements to maintain its legal standing. Companies are required to submit annual financial statements, hold regular board meetings, and file annual returns with the SECP. Compliance with tax laws, including income tax and sales tax, is also essential to avoid penalties and legal issues. Additionally, companies must ensure that their operations align with the applicable labor laws, environmental regulations, and corporate governance standards. By prioritizing compliance, businesses can build credibility, safeguard their operations from legal risks, and contribute to a transparent business environment in Pakistan. Entrepreneurs are advised to stay updated on any changes in the regulatory framework to ensure ongoing compliance throughout their company’s lifecycle.
Benefits of a Limited Liability Company
Company registration in Pakistan gives you a unique identity to build brands that last.
Unique Name & Branding
Perpetual Succession
Customer Confidence
Separate Legal Entity
Limited Liability
Organized Control Structure
Steps for Registration of Company
To complete the company registration process in Pakistan with SECP, you must follow the procedure and complete certain documentation. The step-by-step process will help you complete all the formalities and get your company incorporation certificate.
Step: 1 Determining the Status and Type of Your Company in Pakistan
When registering a company in Pakistan, one of the first steps is to determine the status and type of company that best suits your business needs. The Securities and Exchange Commission of Pakistan (SECP) offers various options, including a private limited company, public limited company, or a single-member company, each with distinct legal and operational characteristics. The status of your company refers to its legal classification, which impacts its liabilities, governance structure, and tax obligations. For instance, a private limited company provides limited liability protection to its shareholders, while a public limited company has more complex regulatory requirements and is suitable for businesses seeking to raise capital through public offerings. Choosing the right company type ensures that your business operates within the legal framework, meets regulatory requirements, and is aligned with your growth objectives. Understanding the different company types and their implications is crucial for entrepreneurs to make informed decisions and set their business up for success in Pakistan’s dynamic market.
Step: 2 Name Reservation for Your Company in Pakistan
Name reservation is a crucial step when registering a company in Pakistan. Before proceeding with the formal registration process, entrepreneurs must reserve a unique name for their company through the Securities and Exchange Commission of Pakistan (SECP). This ensures that the chosen name is not already in use or too similar to existing businesses, maintaining brand identity and avoiding legal conflicts. The SECP allows applicants to submit up to three proposed names for reservation, which are reviewed to ensure compliance with naming guidelines. The name must reflect the nature of the business and must not include prohibited words or phrases. Once approved, the company name is officially reserved for a specific period, and businesses can proceed with the next steps of incorporation. A carefully selected and approved name not only ensures legal compliance but also plays a key role in establishing the company’s presence in the market.
Step: 3 Application for Incorporation of Your Company in Pakistan
The application for incorporation is a pivotal step in officially establishing your business in Pakistan. After reserving your company name, the next step is to submit an application for incorporation to the Securities and Exchange Commission of Pakistan (SECP). This involves providing essential documents, including the Memorandum and Articles of Association, which outline the company’s objectives, structure, and governance. Entrepreneurs must also submit the subscription page and declaration confirming compliance with legal requirements. The application is reviewed by the SECP, and if all criteria are met, the company will be incorporated, receiving a Certificate of Incorporation. This certificate marks the official recognition of your company, enabling you to begin business operations. The incorporation process ensures that your company complies with Pakistan’s corporate laws and regulations, offering legal protection and credibility in the market.
Step: 4 Submission of Documents for Company Registration in Pakistan
The submission of documents is a critical part of the company registration process in Pakistan. After selecting the company name and preparing the necessary legal structures, businesses must submit a set of essential documents to the Securities and Exchange Commission of Pakistan (SECP). These include the Memorandum of Association, which outlines the company’s purpose and activities, and the Articles of Association, detailing the rules governing the company’s internal management. Other required documents include the subscription page with the names of initial shareholders and a declaration confirming the accuracy of the submitted information. The SECP thoroughly reviews these documents to ensure compliance with Pakistan’s corporate laws. Once the submission is approved, businesses move forward with the incorporation process, securing the official recognition needed to operate legally in the country. Timely and accurate submission of documents is essential to ensure a smooth registration process and avoid unnecessary delays.
Step: 5 Memorandum of Association for Company Registration in Pakistan
The Memorandum of Association is a fundamental document required for company registration in Pakistan. This document outlines the company’s primary objectives, scope of activities, and the relationship with its shareholders. It is a key legal document that defines the company’s purpose, specifying the types of business activities it intends to carry out, and it sets the boundaries within which the company can operate. The Securities and Exchange Commission of Pakistan (SECP) requires that the Memorandum of Association be submitted during the incorporation process. It must be carefully drafted to ensure compliance with the Companies Act and must include details such as the company’s name, registered office, capital structure, and subscriber details. A properly prepared Memorandum of Association is vital to avoid delays in the registration process and to ensure that the company operates within legal and regulatory frameworks.
Step: 6 Articles of Association for Company Registration in Pakistan
The Articles of Association are essential legal documents required for company registration in Pakistan. They outline the internal rules and regulations governing the management and operations of the company, including the roles and responsibilities of directors, shareholders, and other key stakeholders. The Securities and Exchange Commission of Pakistan (SECP) requires that the Articles of Association be submitted alongside the Memorandum of Association during the incorporation process. This document helps ensure that the company operates smoothly by establishing clear procedures for decision-making, dividend distribution, and the transfer of shares. The Articles of Association also include provisions for dispute resolution, meetings, and voting rights, which are crucial for the company’s governance. A well-drafted Articles of Association is vital for maintaining legal compliance, avoiding conflicts, and promoting efficient business operations.
Step: 7 Subscription Page for Company Registration in Pakistan
The Subscription Page is a crucial document in the company registration process in Pakistan, serving as a declaration of the initial shareholders’ commitment to the company. This page lists the names of the first subscribers and the number of shares they intend to take in the company, providing an official record of the company’s ownership structure. The Securities and Exchange Commission of Pakistan (SECP) requires the Subscription Page to be submitted alongside other incorporation documents such as the Memorandum of Association and Articles of Association. It is signed by the initial subscribers, and its submission ensures that the company is legally formed with its initial capital structure in place. A properly completed Subscription Page is essential for the smooth processing of company incorporation, allowing the business to proceed to the next steps in the registration process.
Step: 8 Declaration for Company Registration in Pakistan
The Declaration is an important legal document required during the company registration process in Pakistan. It serves as a statement confirming that the company has complied with all legal requirements outlined by the Securities and Exchange Commission of Pakistan (SECP). This declaration is typically signed by the company’s directors and confirms that the information provided in the Memorandum of Association, Articles of Association, and other registration documents is accurate and complete. The Declaration also ensures that the company adheres to the regulatory standards set by the SECP, including compliance with the Companies Act and other relevant laws. Submitting this document is essential for the successful incorporation of the company, as it guarantees that all necessary formalities have been met, allowing the business to legally operate in Pakistan.
Step: 9 Company Registration Fees in Pakistan
When registering a company in Pakistan, various fees must be paid as part of the incorporation process. The Securities and Exchange Commission of Pakistan (SECP) charges a registration fee based on the company’s authorized capital. These fees can vary depending on the type of company being registered, such as a private limited company, public limited company, or single-member Company. Additional fees may apply for reserving a company name, filing annual returns, and obtaining necessary licenses or permits. Entrepreneurs need to budget for these costs in advance, as timely payment of fees ensures that the registration process is completed without delays. The SECP offers an online portal for convenient fee payments, streamlining the registration process and ensuring compliance with all financial obligations. Properly understanding and planning for these fees helps businesses avoid unexpected expenses and ensures smooth and efficient company registration.
Step: 10 Incorporation Approval for Company Registration in Pakistan
Incorporation approval is the final step in the company registration process in Pakistan, granting legal recognition to the business. After submitting the necessary documents, including the Memorandum of Association, Articles of Association, Subscription Page, and Declaration, the Securities and Exchange Commission of Pakistan (SECP) reviews the application. If all requirements are met and the documents are in order, the SECP issues an Incorporation Certificate, officially confirming the establishment of the company. This approval marks the beginning of the company’s legal existence, enabling it to operate, enter into contracts, and comply with regulatory obligations in Pakistan. Entrepreneurs can then proceed with registering for taxes, opening business bank accounts, and fulfilling other operational requirements. Incorporation approval is a crucial milestone in the process, as it provides the company with the legal framework necessary to conduct business within the country.
Frequently Asked Questions about Company Registration in Pakistan
What does Principal Line of Business mean?
The Principal Line of Business refers to the main business activity in which a company is involved. This is typically the area where substantial assets are held or where significant revenue is generated. It helps to define the core operations of the company and is an essential element in the registration process.
Can I change the Principal Line of Business at a later stage?
Yes, you can change the Principal Line of Business of your company after registration. This requires passing a special resolution and submitting the necessary documents to the Securities and Exchange Commission of Pakistan (SECP) for approval.
What documents do I need for company registration in Pakistan?
To register a company in Pakistan, Pakistani citizens need to provide a valid CNIC or NICOP, a mobile number registered in their name, and a personal email address. International applicants may need to provide additional documentation, depending on their residency status.
What if I am a Pakistani but not in the country?
You can still register your company even if you are not currently in Pakistan. The registration process can be completed online through the SECP’s eServices portal, allowing remote access for Pakistanis abroad.
How much does it cost to register a company in Pakistan?
The cost of registering a company in Pakistan consists of several elements:
Name Reservation: Rs. 200
Application for Registration: Rs. 275–660 depending on the authorized capital.
Rs. 275 for up to 100,000
Rs. 330 for up to 1,000,000
Rs. 440 for up to 10,000,000
Rs. 550 for up to 100,000,000
Rs. 660 for above 100,000,000
Registration Fee: Rs. 1100 for the first 100,000 of authorized capital, with varying fees for larger capital amounts.User Registration Fee: Rs. 100 per user
What do I get upon company registration in Pakistan?
After your company is registered, you will receive a digital Certificate of Incorporation and an acknowledgment of your application. You can also apply for a digital certified copy of the registration documents, which can be used for business operations, opening bank accounts, and other official purposes.
How long does company registration in Pakistan take?
Typically, company registration in Pakistan takes between 3 to 7 days, depending on the completeness of the submitted documents and the efficiency of the SECP’s processing.
What is the minimum capital required to register a company in Pakistan?
There is no mandatory minimum capital requirement for registering a private limited company in Pakistan. However, the company must have an authorized capital that is aligned with its business goals. The authorized capital can be set according to the needs of the business, and the registration fees will vary based on this amount.
Can a foreigner register a company in Pakistan?
Yes, foreigners can register a company in Pakistan. They need to provide the necessary documentation, including valid identification and proof of address. Additionally, foreign investors are allowed to own 100% of a Pakistani company, subject to certain regulations and business sectors. Foreign investors are also required to adhere to Pakistan’s regulatory and compliance frameworks.
What is the process for registering a company online?
The process for registering a company online involves creating an account on the SECP eServices portal, submitting the required documents, and filling out the necessary forms. Once the Memorandum of Association, Articles of Association, and other documents are uploaded, the SECP reviews the application. If everything is in order, the company is incorporated, and a digital Certificate of Incorporation is issued.
Can I register a company with a single member?
Yes, Pakistan allows the registration of a Single-Member Company. This structure is ideal for entrepreneurs who want to run a business as the sole shareholder. The company provides limited liability protection, which means that the personal assets of the single member are not at risk in the event of company debts.
What is the difference between a Private Limited Company and a Public Limited Company?
A Private Limited Company is typically used by smaller businesses and restricts the transfer of shares. It can have a maximum of 50 shareholders. A Public Limited Company allows shares to be traded publicly and is often used by larger corporations. Public companies have more regulatory requirements and can raise capital by offering shares to the public.
Can a company in Pakistan have a foreign director?
Yes, a company in Pakistan can have foreign directors. The SECP does not impose restrictions on the nationality of the directors. However, at least one director must be a resident of Pakistan. Foreign directors are required to submit copies of their passports and other necessary documentation during the registration process.
What happens after my company is registered?
Once your company is officially registered, you will need to fulfill other legal obligations, such as registering for taxes with the Federal Board of Revenue (FBR), obtaining a National Tax Number (NTN), and opening a business bank account. Additionally, you must comply with regular filing and reporting requirements to maintain your company’s active status.
Can I change the company’s name after registration?
Yes, you can change the company’s name after registration. The process requires passing a special resolution with the approval of the shareholders. The updated name must also be re-registered with the SECP, and you will need to update all company documents to reflect the new name.
Do I need a physical office to register a company in Pakistan?
Yes, a physical office address is required for the company’s registration. The address will be used as the company’s registered office and must be located within Pakistan. This address will be recorded in the company’s Memorandum of Association and is used for official correspondence.
What is the annual filing requirement for a company in Pakistan?
All companies in Pakistan are required to file an annual return with the SECP, which includes updates on company activities, financial statements, and shareholder details. Additionally, the company must maintain its tax registration with the FBR and submit annual tax returns. Failure to comply with these requirements can result in penalties and legal issues.
What is the role of a company secretary?
A company secretary is responsible for ensuring that the company complies with all legal and regulatory requirements. This includes maintaining company records, preparing minutes for meetings, filing annual returns with the SECP, and handling other corporate governance matters. While not mandatory for all companies, appointing a company secretary is highly recommended for ensuring legal compliance and smooth business operations.
Do I need a lawyer to register a company in Pakistan?
While it is not mandatory to hire a lawyer for company registration, it is highly recommended, especially for those unfamiliar with the process. A lawyer can help ensure that all legal documents, such as the Memorandum of Association and Articles of Association, are accurately prepared and comply with the laws set by the Securities and Exchange Commission of Pakistan (SECP). Additionally, a lawyer can assist with resolving any legal issues that may arise during the registration process.
What is the difference between a registered office and a business address?
The registered office is the official address of the company as recorded in the SECP’s registry. This is where legal documents and correspondence from regulatory authorities are sent. The business address, on the other hand, is the physical location where the company conducts its operations and where employees may work. While the registered office address must be provided for company registration, the business address may differ.
Can I register a company with an offshore address?
No, the registered office must be located within Pakistan. While it is possible for the company to conduct its business activities from offshore locations, the official registered address needs to be in Pakistan in compliance with the SECP‘s requirements.
What is the procedure for appointing company directors?
The appointment of company directors is specified in the Articles of Association. The company can have multiple directors, but at least one must be a resident of Pakistan. Directors are appointed by the shareholders through a resolution during the formation of the company or later during the company’s existence. The SECP requires directors to provide personal details and documents like CNICs or passports for verification.
Can a company in Pakistan issue shares to the public?
Yes, a company can issue shares to the public, but only if it is registered as a Public Limited Company. Public companies can offer shares through an initial public offering (IPO) to raise capital from the public. However, this requires adherence to more stringent regulatory guidelines, including regular financial disclosures and the appointment of an auditor
Is there any specific sector restriction for foreign companies in Pakistan?
Certain business sectors in Pakistan may have restrictions on foreign investment, including industries related to defense, security, and media. Foreign direct investment (FDI) is generally encouraged, but there are some limits based on national interest or security concerns. Foreign companies looking to invest or register a business in specific sectors should check the relevant laws or seek professional guidance.
What is the process for appointing an auditor for my company?
After registering a company, it is required to appoint an auditor who will be responsible for reviewing the company’s financial records and preparing annual audited accounts. The auditor must be a registered member of a recognized professional body, such as the Institute of Chartered Accountants of Pakistan (ICAP). The auditor’s appointment must be documented in the company’s official records and reported to the SECP.
Can I register a company with a digital signature?
Yes, you can use a digital signature to register a company in Pakistan. The SECP has an eServices portal that allows the submission of company registration documents online, using digital signatures for secure and authentic submission of forms and documents. This streamlines the registration process, making it more convenient and faster for entrepreneurs.
What happens if I fail to comply with company registration requirements?
Failure to comply with the registration requirements can result in penalties, fines, or even the dissolution of the company. The SECP monitors companies to ensure compliance with the Companies Act. Companies that do not file required documents, such as annual returns or financial statements, may face legal consequences, including a suspension of operations.
Can I register a company with more than one branch?
Yes, you can register a company with multiple branches in Pakistan. During the registration process, you need to provide the registered office address, but your company can open additional branches across various locations. Each branch must comply with local regulations, and the company should notify the SECP of any changes to its operational structure.
What are the tax obligations for a company in Pakistan?
Companies in Pakistan must register with the Federal Board of Revenue (FBR) to obtain a National Tax Number (NTN) and file regular tax returns. Depending on the type of company and its revenue, businesses are subject to corporate income tax, sales tax, and other applicable taxes. It is crucial for business owners to stay informed about tax regulations to ensure timely and accurate filing.
What is the significance of the Certificate of Incorporation?
The Certificate of Incorporation is an official document issued by the SECP confirming that the company has been legally registered and is recognized as a legal entity under the law. This certificate is essential for opening a business bank account, signing contracts, and fulfilling various other legal and business requirements. It is proof that the company has met all necessary registration requirements and is now fully operational in Pakistan.
Can I operate my business before receiving the Certificate of Incorporation?
No, you cannot legally begin operating the business before receiving the Certificate of Incorporation from the SECP. The incorporation certificate validates that the company exists as a legal entity, and conducting business activities without it can lead to legal complications. It is advisable to wait for this official approval before proceeding with business operations.
Can I register my company in Pakistan if I am not physically present?
Yes, you can register a company in Pakistan without being physically present. The entire registration process can be completed online through the SECP eServices portal, allowing both local and international applicants to submit required documents, including a Memorandum of Association, Articles of Association, and a valid CNIC or NICOP. This makes it convenient for Pakistanis abroad or foreign nationals wishing to invest in Pakistan.
What is a Share Capital and why is it important?
Share capital represents the amount of money raised by a company through the issuance of shares to its shareholders. It serves as the company’s initial funding and is crucial for the company’s growth and operations. The share capital is one of the key factors in determining the company’s registration fees and the authorized capital. It must be stated in the Memorandum of Association and is a requirement for the registration of the company.
Can I register a company without an office space?
A physical office space is not a legal requirement to register a company in Pakistan, but it is essential for business operations. However, the registered office must be within Pakistan and must be mentioned during the registration process. Some companies use a virtual office for registration purposes, but they still need to meet the SECP’s requirement of having an official address in Pakistan for official correspondence.
How can I register a branch office of a foreign company in Pakistan?
A foreign company wishing to establish a branch office in Pakistan must apply for registration with the SECP. The application includes providing documentation like the parent company’s incorporation certificate, business details, and proof of the company’s international operations. The branch office must comply with Pakistan’s laws, including tax regulations, and will be subject to annual filing requirements.
What is the process to obtain a National Tax Number (NTN)?
After registering your company with the SECP, you must apply for a National Tax Number (NTN) with the Federal Board of Revenue (FBR). This number is essential for tax purposes and must be used for filing corporate tax returns, invoices, and other tax-related documents. The application can be done online through the FBR’s portal by submitting your company’s details, such as the Certificate of Incorporation, business activities, and financial records.
Can I register a Non-Profit Organization in Pakistan?
Yes, you can register a Non-Profit Organization (NPO) in Pakistan. NPOs, also known as Section 42 Companies, are formed for charitable, educational, or social purposes. The registration process is similar to that of a private company, but additional documents outlining the organization’s objectives, governance structure, and funding sources are required. These companies enjoy certain tax exemptions and benefits but must comply with regulations set by the SECP.
How do I add new shareholders to my company after incorporation?
Adding new shareholders to your company is possible by transferring shares through a share transfer agreement or issuing new shares. The procedure requires approval from the company’s board of directors and updating the share register to reflect the new shareholders. Any changes in the shareholding must be reported to the SECP and documented in the company’s annual return.
How can I dissolve or close my company in Pakistan?
To dissolve a company in Pakistan, the shareholders must pass a special resolution for the voluntary winding up of the company. This process requires the filing of several documents with the SECP, such as a winding-up resolution, financial statements, and confirmation that all liabilities have been settled. After completion, the company will be officially deregistered, and its name will be removed from the official registry.
Do I need to have a registered agent for my company in Pakistan?
No, you do not need a registered agent to register your company in Pakistan. The process is straightforward and can be done directly through the SECP eServices portal. However, businesses may hire professionals such as accountants or legal advisors to ensure compliance with regulatory requirements and to help with filing annual returns, tax obligations, and other company-related matters.
What is the role of a Company Secretary?
A Company Secretary plays a critical role in ensuring that the company complies with corporate governance rules, legal requirements, and statutory filings. They are responsible for maintaining company records, filing annual returns, preparing board meeting minutes, and ensuring that all legal obligations are met. While it is not mandatory for small businesses, it is recommended for larger companies or those with complex operations.
How do I get a certified copy of my company’s registration documents?
After the company is registered, you can request a certified copy of your company’s registration documents, including the Certificate of Incorporation, Memorandum of Association, and Articles of Association, through the SECP’s online portal. These certified copies are crucial for opening bank accounts, applying for licenses, or establishing business contracts.
Can a company operate under a trade name in Pakistan?
Yes, a company can operate under a trade name in Pakistan. The trade name (or doing business as, DBA) is the name that a company uses for its business activities but is not the official legal name registered with the SECP. However, the trade name must not conflict with existing trademarks or company names, and you may need to register the name under Pakistan’s trademark laws for legal protection.
Is it possible to register a company online in Pakistan?
Yes, registering a company online in Pakistan is fully possible through the SECP eServices portal. The portal allows users to complete the entire registration process, including name reservation, document submission, and fee payment, from the comfort of their home or office. This online registration system has streamlined the process and made it more accessible for both local and international entrepreneurs.
What should I do if I miss a deadline for filing documents with the SECP?
If you miss a filing deadline with the SECP, your company may face penalties or fines. To avoid this, it is crucial to stay on top of filing requirements, such as annual returns, tax reports, and other legal documents. In case of a missed deadline, it’s advisable to immediately contact the SECP for guidance on how to rectify the issue and avoid further penalties.
Learn about: Trademark and Trademark Registration
