The procedure for company registration in Pakistan is as follows.

The procedure for company registration in Pakistan is as follows:

• Get Name Approved – The first step is to get the name of your company approved by the Government of Pakistan. You can do so by applying for an NOC (No Objection Certificate) from the National Database and Registration Authority (NADRA). To receive this certificate, you’ll need to submit a copy of your application for company registration along with the fee at any NADRA branch office closest to you. You should also mention that it’s a domestic trade transaction when seeking approval from NADRA; otherwise, they may ask for additional documents which will delay things further and increase costs.
• Register With SECP – Next up on our list is registering with SECP (Security Exchange Commission of Pakistan). This process involves filling out their form and paying fees at one of their offices around the country; however, unlike other agencies such as NADRA where payments are made online now—this one still requires cash payments only! The good news though is that all major Pakistani banks accept debit/credit cards these days so it won’t be too much trouble getting some cash before going there either way 🙂
• Apply For Certificate Of Incorporation – Finally there’s applying for a certificate of incorporation which allows us legally register ourselves as companies rather than individual traders or sole proprietorships etcetera…

All the interested applicants shall first get their name approved from the Commission.

All the interested applicants shall first get their name approved from the Commission. The applicant should be careful while selecting their company’s name as it will be registered according to this name or any abbreviation or variation of the same. All the names that are submitted for approval, whether they are new or existing, will be subjected to a thorough scrutiny before being registered by NCSD. The agency will look into every aspect of your proposed business name before giving you a go-ahead on incorporation:

• The name should not be identical with any other entity registered in Pakistan;
• It should not be offensive;
• It should not mislead consumers about its nature, location or operations;
• It should contain no abbreviations (such as Ltd., Co., etc.) unless used within a full name such as “Limited Liability Partnership Company (LLP)” which is permitted under Section 7-A(2) of the Companies Ordinance 1984;

Registering with SECP as a company there are three options, i.e. Sole Proprietorship, Partnership and Limited Liability Company (Private or Public).

Option 1: Sole Proprietorship. In case you are a self-employed individual and would like to start your business as a sole proprietor, then it is better that you register your company with SECP (Securities and Exchange Commission of Pakistan). This option is considered very easy as compared to others because there are no legal formalities involved in it. All you have to do is fill up the form available on their website and submit it along with the required documents, which would be registered within 24 hours or so. However, this option is not suitable for those who wish to create an organization with multiple owners/partners due to its limitations of having only one owner/partner at a time whereas there could be multiple shareholders/members in case of other two options mentioned below.

After this there will begin the process of getting business name registered by NTN Number and Filing of Tax Returns.

The next step in the process of getting your company registered is obtaining an NTN number by filing a Form No. 30 under Formalities Entailing Initiation/Registration/Renewal of Business as per Section 28 of the Income Tax Ordinance, 2001 and Rules 2002. The form will be submitted at the office of any Income Tax Officer in Pakistan or at any Regional Tax Office (RTO) across Pakistan.

The purpose behind this step is to obtain a unique numerical identification for businesses so that their records can be easily tracked when it comes time to file tax returns or pay taxes on any income earned by businesses. Once you have been assigned an NTN number, you will then be able to begin filing tax returns with the Federal Board of Revenue (FBR).

At last, one could apply for a certificate of incorporation

The certificate of incorporation is the final step in the process of registering a company in Pakistan. As mentioned earlier, the certificate is issued by SECP and it contains all information about your company including its name, address etc. It also includes registration number for your business (which will be used for future transactions).

Although this process may seem complicated at first glance, it actually isn’t too bad if you get used to it quickly enough. Once you do that, you’ll find that incorporating your own business has become much easier than getting yourself registered with other government agencies like Income Tax Department or Trade Development Authority of Pakistan (TDAP).

Anyone can register with SECP

Anyone can register with SECP. No license or permit is required to start a company in Pakistan.

SECP is a government agency that regulates the companies in Pakistan. It has its head office in Islamabad and five regional offices at Lahore, Karachi, Peshawar, Quetta and Multan.

SECP keeps record of all privately owned businesses operating within Pakistan’s territorial jurisdiction that are not public limited companies (PLC). As such, these private companies are not required to publish their financial accounts but must still comply with certain other requirements laid down by law (e.g., filing annual returns).

Conclusion

For all your business affairs, you can trust Corporate House. We are experts in corporate registration and have helped many startups to register a company in Pakistan. So if you’re looking for a reliable solution, contact us now!