Starting a business in Pakistan can be a great opportunity, and registering a private limited company is one of the most popular choices. It offers legal protection, credibility, and ease of raising investment. The process, while structured, can be completed smoothly if done correctly.
The first step is choosing a unique company name. It should not be identical to any existing company registered with the SECP (Securities and Exchange Commission of Pakistan). Once you have a name, you need to prepare the required documents, including the Memorandum and Articles of Association, which define your business operations. You’ll also need to provide CNIC copies of all directors, proof of registered office, and any other relevant documents.
After gathering these, the next step is submitting your application online via SECP’s eServices portal. This involves creating an account, filling out the incorporation form, and paying the registration fee. SECP reviews the application, and if everything is in order, your company gets registered within a few days.
Once registered, you must obtain an NTN (National Tax Number) from the FBR (Federal Board of Revenue). This is necessary for tax filing and compliance. Depending on your business nature, you may also need sales tax registration. Additionally, opening a corporate bank account in the company’s name is essential for managing finances legally.
Hiring a professional business consultant can help streamline the process, ensuring all compliance requirements are met. A well-registered company builds trust with clients and investors, paving the way for long-term growth.