How To Register A Company In Pakistan (SECP Guidelines)

Register A Company In Pakistan

In light of recent digitalization initiatives made by the Pakistani government, the Securities and Exchange Commission of Pakistan (SECP), formed to regulate and modernize the corporate sector, has received major consideration. Intending to assist the nation’s business community, this state-owned regulatory body is now digitally powered by a robust internet platform.

Therefore, prospective business owners who want to register a company in Pakistan can now do so easily without than having to deal with the hassle of submitting a physical application. We have your back. We shall outline the offline and online business registration processes in Pakistan in this blog in accordance with SECP regulations.

The Complete Guide To Company Registration In Pakistan

You can perform Company Registration Online in Pakistan in the following steps To register a corporation in Pakistan, you must complete four essential stages. The process of registering a corporation in Pakistan could take up to 1.5 months. It is founded on a few crucial processes, each of which has particular prerequisites outlined below.

1. Reservation For Business Name

Reserving a business name is the first and most crucial stage in incorporating a business. Whether submit your application physically or through an online application process. You may discover details about the online application and application procedure on the SECP website. As a result, in order to register your business online in Pakistan, you must first register on the SECP’s e-portal.

2. Account Creation On The SECP Online Portal

As a new user, you must select the “Sign up for National or Foreign/POC holder” option. The form must now be filled up with the required information. A four – digit pin number will be sent to you by email and SMS after you submit the form. Most importantly, it is crucial to note that the CNIC/passport number and password you gave while registering on the portal will act as your login information.

3. Choose The Name Reservation And Company Incorporation/Registration Option

After successfully logging into the website, you must choose “Name Reservation and Company Incorporation” from the list of choices. Now, suggest three names for your business. The name needs to fit the kind of business you’re conducting. Please select the relevant option from the drop-down box to define your business’s operations and nature. Choose a payment option from the list using a debit or credit card, a bank that offers the 1link service, the Easypaisa mobile wallet, an ATM, or mobile or internet banking.

4. Provide Your Company’s Contact Information And Phone Numbers

Kindly complete out the fields below with information about your company, including its phone number, email address, registered offices, and industry description. However, you need to have minimum capital in your account to register and start a company.

How Much capital is required to register a business in Pakistan?

The law only permits A firm to raise the amount of capital specified in the memorandum of establishment. Experts call it the approved capital. Therefore, a company must have PKR 100,000 in authorized capital to be incorporated and registered in Pakistan.

For online applications, the entire registration cost is PKR 1,800, while for physical submissions, it is PKR 3,500. Officials assess the bare minimum incorporation fee on PKR 100,000 of firm capital. The magnitude, location, size, and type of the firm, however, could all have an impact on the price.

Physical Application Process For Company Incorporation/Registration

The procedure for physically applying SECP is as follows. The first step is to Download the application form and then fill out the required application form.

To submit an application to a registrar, you must visit your closest company registration office, which has multiple locations spread over nine cities.

If your application satisfies the relevant requirements, the registrar will subsequently give a letter indicating the availability of your requested name. The name will be held for sixty days (two months) starting on the date the letter is issued, which is sufficient time to finish the procedure of incorporating a company in Pakistan.

Pro Tip: You might be better off favoring an online application over a physical one, and it might only cost you half as much as what is charged for physically applying. If you apply online, for example, you will have to pay PKR 200.

However, if you choose the manual method, you might have to pay PKR 500 in fees for a bank challan made in the name of the Securities and Exchange Commission of Pakistan (SECP). Furthermore, if you register your firm through a physical application, the incorporation charge is twice the original tariff. By rejecting conventional approaches, it appears that Pakistan’s government is devoted to furthering the concept of e-governance. Read Step-By-Step Guide To Company Registration In Pakistan From Expert Here.

Submission Of Incorporation Documents

To register a business in Pakistan, you must give SECP the incorporation documentation. After having your company name approved, the second critical step you must take to create a company in Pakistan is to file incorporation documents with the Security & Exchange Commission of Pakistan (SECP). These documents are below:

  1. Articles of Association
  2. Association Bylaws
  3. CNICs for the Directors in scanned form
  4. Scannable bank deposit receipt (In case of Offline Payment)
  5. The subscribers’ consent to the submission of documents
  6. Fee for registering/filing

Memorandum Of Association:

A document outlining your business or sector that is legally binding

Article Of Association:

A document outlining the duties of the board of directors of a corporation.

Note: 

A person can also submit important documents in PDF format using SECP’s e-portal. There is also the possibility to pay registration fees online for Pakistani corporations. Therefore, the SECP system issues a digital signature and certificate of incorporation. After the successful completion of application submission and payment of the Pakistani company registration cost, SECP evaluates and verifies the integrity of each document. The National Institutional Facilitation Technologies (NIFT) then issues your company a digital signature, which may be obtained via SECP’s e-portal.

Therefore, You must give a thorough presentation outlining the kind of business and operations of your firm to obtain the certificate of incorporation from NIFT and the digital signature. However, depending on the circumstances, this step’s needs may change.

Register Your Business For Taxation With FBR

For tax purposes, you must register your business with FBR. You must apply for a National Tax Number to register your firm for income tax. Moreover, it is one of the final and most essential phases of forming a Pakistan company. Therefore, you must apply for the National Tax Number to register your firm with the Federal Board of Revenue (FBR) for income tax.

The requirements that you must include with your application are as below.

  1. Form NTN, National Tax Number
  2. Your Company’s Registration Documents
  3. Association Memorandum and Articles
  4. Number of a bank account
  5. Copies of the directors’ Computerized National Identity Cards (CNICs)
  6. Actual Business Address

Send your application to the Federal Board of Revenue’s tax facilitation counter at the Regional Tax Office (RTO) that is most convenient for you. That why, You must obtain a Sales Tax Number (STN) and go through a similar process to register your firm for sales tax. On the other hand, the process for professional tax is a little different and requires that you register your company with the Excise and Taxation (ET) Department.

Leave a Reply

Your email address will not be published. Required fields are marked *

slot gacor maxwin slot thailand slot thailand slot thailand slot thailand sv388 slot kamboja idn slot slot ovo habanero slot petir slot dana slot maxwin slot ovo starlight princess live casino slot zeus pg soft slot olympus ibcbet maxwin slot thailand slot pgsoft slot slot mahjong zeus slot digmaan slot mania slot pulsa jdb slot slot777 slot shopee slot spade gaming slot thailand slot thailand fafaslot nolimit city slot princess fafaslot fafa slot slot princess slot gacor slot thailand slot mahjong slot gopay slot88 slot toto slot server thailand slot thailand slot77 slot gacor slot thailand slot server thailand slot thailand akun gacor slot maxwin slot gacor slot thailand slot kakek zeus Pg Soft Maxbet Ibcbet Starlight Princess Slot Ovo Joker123 Mahjong Ways 2 Sv388 Sbobet Slot Dana Slot Thailand Slot Thailand Digmaan Sv388 Joker123 Mahjong Ways 2 Slot Dana Slot Gacor Slot Anti Rungkat baccarat roulette sicbo casino online sv388 tembak ikan online sbobet slot macau slot thailand slot thailand slot88 situs slot wwg slot wm casino tembak ikan slot thailand slot wala meron slot nolimit city slot pg slot gacor slot88 slot50000 slot mahjong slot thailand 66k bet slot daftar judi slot online indonesia slot mahjong ways slot thailand mahjong ways slot gacor slot mawin slot gacor slot gacor slot gacor slot thailand slot thailand slot gacor slot ovo slot gacor slot gopay slot gacor slot gacor slot thailand slot gacor judi slot slot thailand slot thailand slot thailand slot mahjong ways 2 slot pragmatic slot demo pragmatic slot demo pg soft demo slot pragmatic slot gacor 4d slot pg soft pgslot pgsoft pgsoft sv388 slot88 pgsoft slot thailand slot88 slot thailand slot gacor slot ovo slot dana fafaslot slot ovo slot jepang judi slot gacor slot rusia Situs Daftar Judi Slot Mahjong Ways 1 dan 2 PG Soft Online PG Soft : Daftar Situs Judi Slot Online Gacor Slot Kakek Zeus RTP Slot > Daftar Situs Judi Slot Gacor Mahjong Ways 2 PG Soft : Daftar Situs Judi Slot Online Gacor Terbaik Situs Slot Online Gacor Dan Agen Slot Pragmatic Play Terpercaya Slot Gacor: Situs Slot Online Pragmatic Play & Bocoran Pola Slot Situs Slot Online Terbaik Terpercaya dan Terbesar di Indonesia Slot Kakek Zeus Daftar Link Slot Olympus Terbaru Slot Dana Daftar Judi Slot Online Indonesia Paling Gacor di Indonesia Sabung Ayam Online Sv388 Daftar Situs Judi Slot Online SLOT88 SLOT PG SOFT GACOR Bandar Slot Daftar Situs Judi Online Terbaik & Terpercaya Gacor power gaming sv388 lucky neko slot gacor slot gacor slot88 slot kakek slot pg slot kakek zeus slot dana slot maxwin slot server luar negeri slot thailand Link Daftar Situs Judi Slot Deposit Dana 20RB Tanpa Potongan Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Link Daftar Situs Judi Slot Deposit Dana 20RB Tanpa Potongan Slot Pragmatic - Link Alternatif Judi Slot Online Gacor Kakek Zeus Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Daftar Slot Dana Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play lucky Neko Daftar & Login Slot PG Judi Slot 88 Online Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Slot Mahjong Ways 2 Mudah Jackpot Paus di PG Soft Hari ini 2023 Lucky Neko Situs Slot Gacor Pgsoft Hari Ini Slot Pragmatic - Link Alternatif Judi Slot Online Gacor Kakek Zeus SITUS SABUNG AYAM SV388 ONLINE DAFTAR LINK LOGIN APK AGEN SV388 Daftar Judi Slot Online Indonesia Paling Gacor di Indonesia SBOBET Login Agen Judi Bola Sbobet Mahjong Ways | Slot PG | Slot Mahjong Ways 2 | Slot PGsoft | Daftar Slot Mahjong Situs Joker123 | Joker123 | Joker Gaming | Daftar Slot Joker Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play Agen Daftar Situs Judi Slot Online Terpercaya Slot Kakek Zeus : Daftar RTP Judi Slot Online Gacor Gampang Menang Joker123 Game Slot Gacor Joker Gaming Casino Online Indonesia Power Gaming : Situs Slot Gacor Online RTP Pragmatic Play