{"id":119,"date":"2020-01-22T06:20:16","date_gmt":"2020-01-22T06:20:16","guid":{"rendered":"https:\/\/dev1.propakistani.pk\/howto\/?p=119"},"modified":"2020-02-18T13:30:32","modified_gmt":"2020-02-18T13:30:32","slug":"how-to-register-a-company-in-pakistan","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/how-to\/how-to-register-a-company-in-pakistan\/","title":{"rendered":"How to Register a Company in Pakistan"},"content":{"rendered":"\r\n<p>So, you want to know <a href=\"https:\/\/propakistani.pk\/how-to\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"how to (opens in a new tab)\">how to<\/a> register a company in Pakistan? Then this guide is for you. Make sure you read the whole guide and let us know in the comments if it helped.<\/p>\r\n<ul>\r\n<li><strong>For the registration of a company, you have to go to SECP e-services web page.<\/strong><\/li>\r\n<li><strong>You have to reserve company name first and you can do that by signing up for SECP e-services.<\/strong><\/li>\r\n<li><strong>Enter all the details in the form and submit a challan of 100 Rs in any branch of MCB or UBL.<\/strong><\/li>\r\n<li><strong>Provide all relevant details and pay a fee for company incorporation which is 1800 Rs.<\/strong><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>If you are planning to open a company in Pakistan then you have to <strong>register your company. <\/strong>The<strong> Government of Pakistan<\/strong> has made the process of company registration easy and they are trying to make this process easier for the people.<\/p>\r\n\r\n\r\n\r\n<p>The registration process is handled by <strong>the SECP (Security and Exchange Commission of Pakistan<\/strong>). So to register any company in <strong>Pakistan<\/strong>, you need to visit <strong>SECP office or SECP website<\/strong> to get all relevant details about the registration of a company.<\/p>\r\n\r\n\r\n\r\n<p>If you want to know about how to register a company in Pakistan then you come to the right place. In this article, we will provide step by step guide to you about how to register a company in Pakistan.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Securities and Exchange Commission of Pakistan<\/strong><\/h2>\r\n\r\n\r\n\r\n<p><strong><a href=\"https:\/\/eservices.secp.gov.pk\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SECP (opens in a new tab)\">SECP<\/a> (Securities and Exchange Commission of Pakistan)<\/strong> handles all the company registration process in Pakistan. The SECP offer e-services and offline system for registering a company in Pakistan. You can look for a company name and its availability. There are different types of companies you can register in Pakistan.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" data-expand=\"600\" class=\"lazyload wp-image-134 aligncenter\" src=\"data:image\/svg+xml;charset=utf-8,%3Csvg xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg' viewBox%3D'0 0 1 1'%2F%3E\" data-src=\"https:\/\/dev1.propakistani.pk\/howto\/wp-content\/uploads\/2020\/01\/SECP.jpg\" alt=\"This is the image of a wooden board saying Securities and Exchange Commission of Pakistan.\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Types of legal companies in Pakistan<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Before knowing how to register a company in Pakistan, you have to know the types of legal companies in Pakistan.<\/p>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\">\r\n<li>Private Limited Company<\/li>\r\n<li>Single Limited Company<\/li>\r\n<li>Public Limited Company\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Private Limited Company<\/strong><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Any two or more persons associated for lawful purpose can form a <strong>Private Limited Company <\/strong>by subscribing their names to the <strong>Memorandum of Association<\/strong> and complying with the requirements of the <strong>Companies Act, 2017<\/strong>.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Single Limited Company<\/strong><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>If only one member forms a private company, it is called a <strong>single-member company.<\/strong> You can form a <strong>Single Limited Company<\/strong> by complying with the requirements of the <strong>Companies Act, 2017<\/strong>.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Public Limited Company<\/strong><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Any three or more persons associated for lawful purpose can form a <strong>Public Limited Company<\/strong> by subscribing their names to the <strong>Memorandum of Association<\/strong> and complying with the requirements of the <strong>Companies Act, 2017<\/strong>. There are two types of Public Limited Company, <strong>Listed<\/strong> and<strong> Unlisted<\/strong>.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" data-expand=\"600\" class=\"lazyload wp-image-128 aligncenter\" src=\"data:image\/svg+xml;charset=utf-8,%3Csvg xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg' viewBox%3D'0 0 535 535'%2F%3E\" data-src=\"https:\/\/dev1.propakistani.pk\/howto\/wp-content\/uploads\/2020\/01\/How-to-register-a-company-in-Pakistan.-1.jpg\" alt=\"This is the image of business people talking to each other.\" width=\"535\" height=\"535\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<p>A <strong>Public Listed company<\/strong> offers its share to the public and anyone can acquire its share. Those shares are a limited liability. The minimum capital required to set up a listed company is PKR 200 million.<\/p>\r\n<p>An <strong>unlisted<\/strong> company does not offer its share to the public and the minimum capital required to set up this type of company is PKR 100,000.<\/p>\r\n\r\n\r\n\r\n<p>To register a company you need to follow some steps and you need to have an understanding of documents to register a company in Pakistan. Here is the complete guide on <strong>how to register a company in Pakistan<\/strong>.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Reservation of company name and Company Incorporation <\/strong><\/h2>\r\n\r\n\r\n\r\n<p>To register any company in Pakistan you need to decide the <strong>name of the company<\/strong> and check its availability on <strong>the SECP website<\/strong>. You should look at <strong>section 10<\/strong> of the <strong><a href=\"http:\/\/www.na.gov.pk\/uploads\/documents\/1487136261_767.pdf\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"companies Act, 2017 (opens in a new tab)\">companies Act, 2017<\/a>.<\/strong> There is a list of <strong>prohibited terms<\/strong> available on the SECP website which you cannot use in a company name. It is better to look at the list and decide the company or firm name.<\/p>\r\n\r\n\r\n\r\n<p>This will save your time and try to choose a unique firm or company name. After deciding the name of your company, check for its availability. If it is available then you can reserve that company name by creating an online account with SECP.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" data-expand=\"600\" class=\"lazyload wp-image-124\" src=\"data:image\/svg+xml;charset=utf-8,%3Csvg xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg' viewBox%3D'0 0 636 179'%2F%3E\" data-src=\"https:\/\/dev1.propakistani.pk\/howto\/wp-content\/uploads\/2020\/01\/How-to-register-a-company-in-Pakistan-with-SECP.png\" alt=\"This is the website of SECP.\" width=\"636\" height=\"179\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Regulations Set by SECP for a Company or firm Name<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Some regulations set by SECP for a company name are following.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>It should not be <strong>identical or resemble <\/strong>the name of any existing company or <strong>registered LLP.<\/strong><\/li>\r\n<li>The company name shouldn&#8217;t be inappropriate or deceptive.<\/li>\r\n<li>Try not to include any word or words in the company name which are offensive to any section of the people<\/li>\r\n<li>It should not include any other word that in the opinion of <strong>the registrar <\/strong>is undesirable.<\/li>\r\n<li>Your company or firm name must not exploit the <strong>religious susceptibilities <\/strong>of people.<\/li>\r\n<li>Avoid using any word that is prohibited under <strong>Section 10 of the Act<\/strong> and <strong>Regulation 4<\/strong> of the <strong>Companies (Incorporation)<\/strong> Regulations, 2017.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>These are some of the provisions that you have to consider before deciding your company or <strong>firm<\/strong> name.<\/p>\r\n<h2>Steps to Reserve the Company Name<\/h2>\r\n\r\n\r\n\r\n<p>Here are the steps to reserve the company name and incorporation of the company.\u00a0<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Go to SECP website and Log on to <strong>e-services<\/strong> page on the SECP website.<\/li>\r\n<li>You need to have a valid <strong>CNIC<\/strong> if you are a <strong>Pakistani National<\/strong> and you need a valid passport if you are a <strong>foreigner<\/strong>.<\/li>\r\n<li>To get a same-day registration service, you should select \u2018<strong>fast track registration services\u2019 (FTRS).<\/strong><\/li>\r\n<li>Fill out the online form and submit a user registration form by providing your particulars.<\/li>\r\n<li>You will receive security codes via <strong>SMS <\/strong>or <strong>email<\/strong> that you need to write in the form.<\/li>\r\n<li>After <strong>security codes<\/strong> verification, a <strong>PIN<\/strong> will be generated.<\/li>\r\n<li>The user registration fee can be paid online through your <strong>credit\/debit card<\/strong>, or you can take a print out of the <strong>challan. <\/strong>The amount can be deposited in any of the selected branches of <strong>MCB or UBL<\/strong>. The normal registration fee is 100 Rs.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>After that, you will receive a confirmation email from <strong>SECP<\/strong> within a day. If there is no prohibited word in your company name then that company name will be reserved.<\/p>\r\n\r\n\r\n\r\n<p>You can also reserve a company name and company incorporation using the <strong>offline system<\/strong>. You can submit your application in SECP registrar office with three proposed names in the application. The <strong>registrar<\/strong> will take 3 to 5 working days and will license you to use the proposed name in the company documents for <strong>company incorporation<\/strong>.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Documents required for company incorporation<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>There are some documents which you must have if you want to register a company in Pakistan.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><a href=\"https:\/\/www.secp.gov.pk\/wp-content\/uploads\/2017\/04\/Promoters-Guide.docx\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Memorandum of Association (opens in a new tab)\">Memorandum of Association<\/a> and Articles of Association. Their samples are available on the SECP website.<\/li>\r\n<li><em><strong>Memorandum of Association <\/strong><\/em>explains your company relationship with the outside world under which business sector your company e.g. Institution, Travel agency etc.<\/li>\r\n<li><em><strong>Articles of Association<\/strong><\/em>\u00a0is about the day-to-day proceedings within the company. It tells about the role of the CEO and directors. In short, it tells about how the company will run.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" data-expand=\"600\" class=\"lazyload wp-image-123 aligncenter\" src=\"data:image\/svg+xml;charset=utf-8,%3Csvg xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg' viewBox%3D'0 0 452 452'%2F%3E\" data-src=\"https:\/\/dev1.propakistani.pk\/howto\/wp-content\/uploads\/2020\/01\/How-to-register-a-company.jpg\" alt=\"This is an infographic that explains business process.\" width=\"452\" height=\"452\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>CNIC Copies of <strong>Directors, CEO, Nominee<\/strong> (for the single-member company) or copies of <strong>passport <\/strong>in case of a foreigner.<\/li>\r\n<li><strong>NOC or letter of intent\/ license<\/strong> from concerned authorities if you want to register some specialized business.<\/li>\r\n<li>In the case of <strong>foreign company incorporation<\/strong>, you need to provide more details such as List and details of <strong>Directors<\/strong>. The <strong>company profile, detail of Directors<\/strong> and their <strong>nationality<\/strong>. You need to provide Company charter\u2019s certified copy. You need to provide <strong>Memorandum of Association<\/strong> and <strong>Articles of Association <\/strong>as well.<\/li>\r\n<\/ul>\r\n<ul>\r\n<li>Authorization of Subscribers for filing of documents.<\/li>\r\n<li>Registration\/Filing fee.<\/li>\r\n<li>The total <strong>company incorporation<\/strong> fee is 1800 Rs for <strong>online submission<\/strong>\u00a0if the nominal share capital is not more than Rs 100,000. For <strong>offline submission<\/strong>, the total <strong>company incorporation<\/strong> fee is 3500 Rs.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Register for Income and Sales tax<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>To register a company in Pakistan, you must have a <strong>National Tax Number (NTN).<\/strong> You can apply for a <strong>National Tax Number<\/strong> (<strong>NTN<\/strong>) at the <strong>Regional Tax Office<\/strong> (<strong>RTO<\/strong>) of the <strong>Federal Board of Revenue<\/strong> (<strong>FBR<\/strong>).<\/p>\r\n<p>The <strong>Federal Board of Revenue (FBR)<\/strong> handles all the tax-related matters in the country. The required documents to apply for a <strong>National Tax Number (NTN)<\/strong> are the following:\u00a0<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>NTN<\/strong> form.<\/li>\r\n<li>Registration Proof.<\/li>\r\n<li>Memorandum and Articles of association.<\/li>\r\n<li>Bank account number.<\/li>\r\n<li>Copies of National Identity Cards of companies\u2019 Directors.<\/li>\r\n<li>Evidence of business address.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>You can also apply for <strong>NTN<\/strong> through FBR <strong>website <\/strong>and to apply for <strong>a sales tax number (STN)<\/strong> visit regional tax office of <strong>Federal board of revenue (FBR)<\/strong> or FBR official website.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Certification of Incorporation and Company Seal<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>After submitting all the documents, the <strong>Securities and Exchange Commission of Pakistan (SECP)<\/strong> will evaluate them and they will check all the documents validity. A digital signature or company seal will be granted by the <strong>National Institutional Facilitation Center (NIFT).<\/strong> You can acquire it from SECP.<\/p>\r\n\r\n\r\n\r\n<p>All company directors signature are needed to receive this company seal. You will get a certificate of incorporation from SECP if all your documents are valid. It will be issued to you in the physical form or electronically. When you get incorporation certification from SECP, you can start your business.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>To register a company in Pakistan is easy nowadays. Before this <strong>e-service of SECP<\/strong>, people have to submit applications for a company or firm registration by hand. It was difficult for people to register their company but this online system has made it easy for people to register a company. SECP has become efficient and you can easily register your company.<\/p>\r\n\r\n\r\n\r\n<p>We provided a guide for both offline and online procedures and the documents required to register a company in Pakistan. We suggest you to use online <strong>SECP (Securities and Exchange Commission of Pakistan) <\/strong>system to register a company in Pakistan. We hope that now you know <strong>how to register a company in Pakistan<\/strong>.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>So, you want to know how to register a company in Pakistan? Then this guide is for you. Make sure you read the whole guide and let us know in the comments if it helped. For the registration of a company, you have to go to SECP e-services web page. You have to reserve company [&hellip;] <a class=\"g1-link g1-link-more\" href=\"https:\/\/propakistani.pk\/how-to\/how-to-register-a-company-in-pakistan\/\">More<\/a><\/p>\n","protected":false},"author":3,"featured_media":120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"adace-sponsor":[],"class_list":{"0":"post-119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-government"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Register a Company in Pakistan | Every step you need to know.<\/title>\n<meta name=\"description\" content=\"Looking for a full guide that explains how to register a company in Pakistan? Well, this post has all you need to know. 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