Company Registration in Pakistan

Registering your company can be a great way to enhance your brand image credibility and perception of your business. While registering and operating a company in Pakistan has countless benefits, some of them are listed below:

  • Less competition
  • Over 200m population
  • A rapidly growing economy
  • Availability of labor

How to Register Your Company in Pakistan?

Company Registration in Pakistan

Under the “Pakistan law and regulations,” you can easily set up or register companies in Pakistan. In this blog, you will get a step-by-step guide to company registration in Pakistan.

Step 1. Business Name Reservation:

Company Registration in Pakistan

Business name reservation is the first step in registering your company. You can either go for an online registration process or submit an application physically.

Step 2. Creating an Account on SECP Portal:

For creating an account on SECP’s e-Portal, you should visit

https://www.secp.gov.pk.

Company Registration in Pakistan

Below are the steps that you should follow for creating an account on SECP’s e-Portal:

  • Click the sign-up option
  • Provide your valid CNIC Number.
  • Fill out the form with all details
  • Verify your email and number by providing 4 digit pin

Note: If you are a foreign resident, provide your valid passport number or POC for sign-up.

  • Select the option ‘Name Reservation’ and ‘Company Incorporation.’
  • Once you are successfully logged in, propose three names of your company
  • Describe the nature of your business
  • Select the mode of payment to make payment through debit/credit card

Note: The company name should be according to the nature of your business (the name can be reserved for a period of 90 days).

Step 3. Submission of Documents of Incorporation:

Once your company name is approved, the second step is to submit all the related documents of the company to the Security & Exchange Commission of Pakistan (SECP).

Company Registration in Pakistan

The related documents are listed below:

  • Memorandum of Association (It is a legal document that describes the purpose of the company)
  • Articles of Association (It contains the laws and regulations for a company’s operation and defines the purpose of the company)
  • A scanned version of the directors’ CNICs
  • Authorization by the subscribers for the filing of documents
  • Registration/Filing Fee

Note: All documents should be submitted in PDF Format the size of the PDF must be 2Mb.

Company registration fees in Pakistan can also be paid online.

Step 4: Register your Business with FBR for Taxation:

In this crucial step, you will need to register your business with the Federal Board of Revenue (FBR) to pay taxes and be legally recognized.

Company Registration in Pakistan

Following are the requirements that you need to submit along with your application.

  • National Tax Number (NTN) form
  • Proof of your company’s registration
  • Memorandum and articles of association
  • Bank account number
  • Copies of Computerized National Identity Cards (CNICs) of the directors of the company
  • Verified business address

Note: To register your company for sales tax, you need to acquire a Sales Tax Number (STN).

List of Company Registration Offices (CRO’s) of SECP across Pakistan:

City

Company Registration Office Address

Contact

Islamabad NIC Building, 63 Jinnah Avenue Blue Area, 051 9207091-4
Faisalabad 2nd Floor, FCCI Building, East Canal Road 041 9230264
Karachi State Life Building No 2,4th Floor, I.I. Chundrigar Road 021 99213271-2
Lahore 3rd &4th Floor, Associated House, 7-Egerton Road 042 99204962-6
Multan 63-A, 2nd Floor, Nawa-I-Waqt Building, Abdali Road 061 9200530
Peshawar 1st Floor, State Life Building, The Mall, Cantt 091 9213178
Quetta Ground Floor, Aiwan-i-Mashriq Building, Shara-e-Hali 081 2844136
Sukkur House No 4, Block A, Smchs, Airport Road 071 5630517
Gilgit Adjacent To NHA Office, Ayub Colony, Jattial 05811 922572

Minimum Requirements for Company Formation in Pakistan:

For company formation in Pakistan, you must know all of Pakistan’s relevant company and subsidiary laws. Minimum requirements for different types of legal entities in Pakistan are:

1) Sole Proprietorship Company:

  • Single owner
  • Minimum capital requirement of PKR 100,000
  • Four weeks incorporation time

2) Partnerships:

  • The minimum number of partners must be two
  • The liability of each partner must be unlimited
  • Minimum capital requirement of PKR 100,000
  • Partnership deed

3) Private Limited Company:

  • The minimum number of shareholders must be two
  • Minimum capital requirement of PKR 100,000
  • Six weeks incorporation time
  • Approval from the Board of Investment (BOI)

Note: Public listed companies must also be listed on the stock exchange.

4) Public Limited Company (Listed or Unlisted):

  • Allowed the general public share
  • Six weeks incorporation time

Minimum capital requirement:

  • Listed: PKR 200,000
  • Unlisted: PKR 100,000

The minimum number of shareholders:

  • Listed: 7
  • Unlisted: 3

Frequently Asked Questions (FAQs):

Following are some of the FAQs about company registration in Pakistan:

Q1: What are the documents required for company registration in Pakistan?

Ans: Following are the documents you are required to submit to SECP:

  • Memorandum of association
  • Articles of association
  • A scanned version of the directors’ CNICs
  • Authorization by the subscribers for the filing of documents
  • Registration/filing fee

Q2: What is the minimum required fee for the formation of a private limited company in Pakistan?

Ans: The minimum requirement fee for the formation of a private limited company in Pakistan is PKR 100,000.

Q3: What is the company registration fee with SECP in Pakistan?

Ans: SECP charges PKR 1,800 for online application and PKR 3,500 for offline application submission.

Conclusion:

This blog covered all the necessary steps on How to Register Company in Pakistan. Registering your company is the best way to get legal identity in Pakistan, and it enhances your brand image throughout the country.

To read more informative blogs, visit our website Business World. You may also read about Your Guide to Tracking Your NADRA CNIC Record Digitally and Types of Flooring Tiles in Pakistan and Their Prices.