Adv Ch Shahid Bhalli

Timeline For Single Member Company (SMC) in Pakistan

As per Lawkidunya, Here is a general timeline for registering and setting up a Single Member Company (SMC) in Pakistan:

Pre-Registration (1-2 days)

1. Verify company name: 1 day
2. Obtain National Tax Number (NTN): 1 day (if not already obtained)

Registration (3-5 days)

1. Submit registration application: 1 day
2. Pay registration fee: 1 day
3. SECP processing: 1-3 days

Post-Registration (2-5 days)

1. Obtain Certificate of Incorporation: 1-2 days
2. Open bank account: 1-2 days
3. Obtain Business Registration Certificate: 1-2 days

Ongoing Compliance (annually)

1. File annual returns: within 30 days of the anniversary of incorporation
2. File financial statements: within 30 days of the anniversary of incorporation
3. Pay annual fees: within 30 days of the anniversary of incorporation

Note: The timeline may vary depending on the complexity of the application, the workload of the SECP, and other factors. It’s recommended to consult with a professional services firm or the SECP for the most up-to-date information.

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