As per Lawkidunya, Here are the registration steps for a Single Member Company (SMC) in Pakistan:
Pre-Registration Steps
1. Verify Company Name: Verify the availability of the desired company name through the Securities and Exchange Commission of Pakistan’s (SECP) online portal or by contacting their office.
2. Obtain National Tax Number (NTN): The sole member must obtain an NTN from the Federal Board of Revenue (FBR) if they don’t already have one.
Registration Steps
1. Fill out the SMC Registration Form: Fill out the SMC registration form (Form S1) and attach the required documents.
2. Submit the Registration Form: Submit the registration form and attached documents to the SECP’s office or online portal.
3. Pay the Registration Fee: Pay the registration fee, which is currently PKR 10,000 (approximately USD 65).
4. SECP Processing: The SECP will process the registration application and verify the documents.
Required Documents
1. Copy of the Sole Member’s CNIC: A copy of the sole member’s Computerized National Identity Card (CNIC).
2. Copy of the Sole Member’s NTN Certificate: A copy of the sole member’s NTN certificate.
3. Memorandum and Articles of Association (MAA): The MAA, which outlines the company’s objectives, structure, and rules.
4. Form S1 (SMC Registration Form): The completed SMC registration form.
Post-Registration Steps
1. Obtain a Certificate of Incorporation: Obtain a Certificate of Incorporation from the SECP.
2. Open a Bank Account: Open a bank account in the name of the SMC.
3. Obtain Other Licenses and Permits: Obtain any other necessary licenses and permits to operate the business.
Note: The registration process typically takes 3-5 working days, but may vary depending on the complexity of the application and the workload of the SECP.