Starting a business in Pakistan requires proper company registration to ensure legal compliance and operational efficiency. Whether you are launching a sole proprietorship, partnership, or private limited company, registering your business with the Securities and Exchange Commission of Pakistan (SECP) and the Federal Board of Revenue (FBR) is essential. Elite Taxation simplifies the process, ensuring a smooth and hassle-free experience for business owners.
Why Register Your Company?
Company registration offers several advantages, including:
- Legal Recognition: Establishes your business as a separate legal entity.
- Tax Compliance: Allows you to obtain a National Tax Number (NTN) and file taxes properly.
- Business Credibility: Enhances trust among clients, suppliers, and investors.
- Limited Liability: Protects personal assets in case of financial issues.
Step-by-Step Company Registration Process
1. Choosing the Right Business Structure
Before starting the registration process, decide on the type of company:
- Sole Proprietorship – Suitable for small businesses and freelancers.
- Partnership Firm – Ideal for businesses with two or more owners.
- Private Limited Company (Pvt Ltd) – Recommended for larger businesses seeking liability protection.
2. Name Reservation with SECP
- Select a unique company name and check availability on the SECP website.
- Submit an online name reservation request through the SECP e-Services portal.
- If approved, you will receive a Name Reservation Certificate.
3. Preparing Required Documents
The following documents are needed for registration:
- Memorandum of Association (MoA) – Defines the company’s objectives and activities.
- Articles of Association (AoA) – Specifies company rules and regulations.
- CNIC copies of directors and shareholders.
- Company address and contact details.
4. Submitting Incorporation Application
- Log in to the SECP e-Services portal and submit the incorporation application.
- Pay the registration fee online.
- SECP reviews and approves the application, issuing the Certificate of Incorporation.
5. Registering with FBR for NTN
- After SECP approval, apply for a National Tax Number (NTN) via the FBR IRIS portal.
- Submit business details and bank account information.
- Once approved, your company is legally recognized for tax purposes.
6. Sales Tax Registration (If Applicable)
- If your business sells taxable goods, register for Sales Tax Registration Number (STRN) through FBR.
- File monthly sales tax returns to maintain compliance.
7. Business Bank Account & Other Compliance Requirements
- Open a corporate bank account using your Certificate of Incorporation and NTN.
- Ensure compliance with Pakistan’s labor and corporate laws.
How Elite Taxation Simplifies Company Registration
Elite Taxation provides end-to-end support by:
- Helping you choose the right business structure.
- Handling SECP and FBR registrations on your behalf.
- Ensuring accurate documentation to avoid delays.
- Providing tax compliance guidance for smooth business operations.
Get Started with Elite Taxation Today!
Register your company hassle-free with Elite Taxation and focus on growing your business. Contact us for expert assistance in company registration, tax compliance, and business advisory services.
