As per Lawkidunya, Here’s a step-by-step guide on how to register a private limited company in Pakistan:

Step 1: Choose a Unique Company Name
– Ensure the name is not already registered or too similar to an existing company name.
– Check the availability of the name on the SECP’s website.

Step 2: Prepare the Memorandum and Articles of Association
– Draft the Memorandum of Association, outlining the company’s objectives, share capital, and other essential details.
– Prepare the Articles of Association, which define the company’s internal management and administrative structure.

Step 3: Gather Required Documents
– CNIC copies: Obtain copies of the Computerized National Identity Card (CNIC) of all directors and shareholders.
– Proof of business address: Provide a utility bill or rent agreement as proof of the company’s business address.
– Bank certificate: Obtain a certificate from a scheduled bank in Pakistan, confirming the opening of a bank account in the company’s name.

Step 4: Submit the Registration Application
– Log in to the SECP’s eServices portal.
– Fill out the online registration application (Form 1).
– Upload the required documents.
– Pay the registration fee.

Step 5: Review and Approval
– The SECP will review the application and verify the documents.
– If everything is in order, the SECP will approve the registration application.

Step 6: Obtain the Company Registration Certificate
– Once the registration is approved, the SECP will issue a company registration certificate.
– The certificate will be available for download on the SECP’s eServices portal.

Private Limited Company Features in Pakistan

Advantages
– Limited Liability: Protects personal assets from business risks.
– Tax Benefits: Access to tax deductions and exemptions.
– Increased Credibility: Enhances reputation and trust with customers and investors.
– Access to Financing: Easier access to loans and investments.

Characteristics of Private Limited Company in Pakistan

– Minimum Share Capital: PKR 100,000 (approximately USD 600).
– Maximum Shareholders: 50.
– Minimum Directors: 2.
– Restrictions on Share Transfer: Shares cannot be transferred freely.
– Restrictions on Public Invitation: Cannot invite the public to subscribe to its shares.

Requirements For Private Limited Company Registration

– Registered Office: Must have a registered office in Pakistan.
– Annual Returns: Must file annual returns with the SECP.
– Audited Financial Statements: Must prepare audited financial statements.
By following these steps and understanding the features of a private limited company, you can successfully register your business in Pakistan.