As per Lawkidunya, Here are the company registration requirements in Pakistan:
Pre-Registration Requirements
1. Choose a company name: Ensure the name is unique and not already registered.
2. Determine the company type: Decide on the type of company (e.g., private limited, public limited, single member).
3. Obtain a National Tax Number (NTN): Register with the Federal Board of Revenue (FBR) to obtain an NTN.
4. Obtain a Sales Tax Registration Number (STRN): Register with the FBR to obtain an STRN (if applicable).
Registration Documents For Company Registration
1. Memorandum of Association (MOA): Outlines the company’s objectives, structure, and share capital.
2. Articles of Association (AOA): Defines the company’s internal management and governance.
3. Form 1: Application for company registration.
4. Form 21: Declaration of compliance with the Companies Ordinance.
5. Power of Attorney: Authorizes a person to file documents on behalf of the company.
Registration Process For Company in Pakistan
1. File documents with the SECP: Submit the MOA, AOA, Form 1, and Form 21 to the Securities and Exchange Commission of Pakistan (SECP).
2. Pay registration fees: Pay the prescribed registration fees.
3. Obtain a Certificate of Incorporation: The SECP issues a Certificate of Incorporation upon successful registration.
4. Obtain a National Identification Number (NIN): The SECP issues a NIN for the company.
Post-Registration Requirements For Company
1. Obtain a bank account: Open a bank account in the company’s name.
2. Register with the relevant authorities: Register with the relevant authorities, such as the FBR, Provincial Revenue Authorities, and local authorities.
3. Obtain necessary licenses and permits: Obtain necessary licenses and permits to operate the business.
4. File annual returns: File annual returns with the SECP and FBR.
Timeline For Company Registration
The company registration process in Pakistan typically takes 2-4 weeks.
Fees For Company Registration
The registration fees for companies in Pakistan vary depending on the type of company and the authorized capital. The fees range from PKR 5,000 to PKR 50,000 or more.
Conclusion
Company registration in Pakistan requires careful planning and compliance with the relevant laws and regulations. It is recommended to consult with a professional, such as a lawyer or accountant, to ensure a smooth registration process.