How to Register a Bussiness in Pakistan

Registering a business in Pakistan, whether a trademark, brand, or any other type, is managed by the Securities and Exchange Commission of Pakistan (SECP). The SECP has simplified the registration process, allowing entrepreneurs to establish their businesses with ease.

1. Choose the Type of Company

The first step is deciding on the legal structure of your business. The common types are:

Single Member Company (SMC): Owned by one individual.
Private Limited Company(PLC): Requires 2 to 50 shareholders.
Public Limited Company: Needs at least three directors and is allowed to offer shares to the public.

The choice of structure depends on factors such as ownership, liability, and capital requirements.

2. Reserve Your Company Name

Pick a unique name for your company that adheres to the following:

The name should not resemble existing company names.
It should not be misleading or offensive.
Avoid including prohibited words.

You can check if your chosen name is available and reserve it through the SECP’s online portal. Name reservations are usually valid for 90 days.

3. Prepare the Required Documents

Before submitting your application, you’ll need to gather the following documents:

Memorandum of Association (MoA): Describes the company’s purpose and activities.
Articles of Association (AoA): Explains the internal management and governance of the company.
Copies of CNICs/Passports: For directors, subscribers, and the company secretary.
Proof of Payment: The registration fee is based on the company’s authorized capital.
Declaration of Compliance: A statement confirming your adherence to legal regulations.

4. Submit the Incorporation Application

Once the documents are ready, submit your application for incorporation to the SECP. You can do this online via the SECP e-Services portal or submit physical copies to the Company Registration Office. Make sure the forms are filled out accurately and include all required documents.

5. Obtain Digital Signatures

Digital signatures are necessary for online filing. These can be obtained from National Institutional Facilitation Technologies (NIFT), the official provider. All directors and authorized officers must have a valid digital signature for electronic verification of documents.

6. Receive Your Certificate of Incorporation

Once your application is reviewed and approved, the SECP will issue your Certificate of Incorporation. This certificate confirms your company’s legal standing and includes the company’s unique incorporation number.

7. Post-Incorporation Compliance

After the company is incorporated, ensure you complete the following steps:

Register for Taxes: Obtain a National Tax Number (NTN) from the Federal Board of Revenue (FBR).
Sales Tax Registration: If applicable, register for sales tax with the relevant authorities.
Open a Corporate Bank Account: Use your Certificate of Incorporation and NTN to open a business account.
Maintain Statutory Records: Keep updated records such as the register of members, directors, and meeting minutes.
Comply with Labor Laws: Register with the appropriate labor departments and follow employment regulations.