In Pakistan, a startup business is defined as per the following laws and regulations:

Legal Framework

1. Startup Policy 2019: Launched by the Government of Pakistan to promote entrepreneurship and innovation.
2. Pakistan Business Registration Act 2017: Regulates business registration and licensing.
3. Income Tax Ordinance 2001: Provides tax incentives for startups.
4. Securities and Exchange Commission of Pakistan (SECP) Regulations: Governs company registration and regulation.

Definition of Startup

1. A business entity (company, partnership, or sole proprietorship) established within Pakistan.
2. Engaged in innovative or technology-driven activities.
3. Less than 5 years old.
4. Annual turnover less than PKR 100 million.
5. Employing less than 50 employees.

Eligibility Criteria

1. Innovative products or services.
2. Technology-driven businesses (IT, e-commerce, fintech, etc.).
3. Social entrepreneurship.
4. Small and Medium Enterprises (SMEs).
5. Businesses with potential for growth and job creation.

Benefits and Incentives

1. Tax exemptions (up to 5 years).
2. Reduced tax rates (10% or 12.5%).
3. Easy registration and licensing.
4. Access to funding and grants.
5. Support from government agencies (e.g., Pakistan Startup Fund).
6. Mentorship and training programs.

Registration Process

1. Register with SECP (for companies).
2. Obtain NTN (National Tax Number) and STRN (Sales Tax Registration Number).
3. Obtain necessary licenses and permits.
4. Comply with tax laws and regulations.

Resources

1. Pakistan Startup Policy 2019:
2. SECP: (link unavailable)
3. Pakistan Business Registration Act 2017:
4. Federal Board of Revenue (FBR):