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COMPANY/BUSINESS REGISTRATION PAKISTAN:
Registration of Business Services in Pakistan:
Grey House provide complete services for registering businesses in Pakistan from all legal departments i.e., SECP, FBR, BOI, ICCI (Chamber of commerce), Import Export (TDAP), Trade Mark ( IPO)
Company Registration in Pakistan – Requirements and Procedure
This brief overview explains, in very general terms, the procedure and requirements for registration of a company in Pakistan. These brief notes are for general guidance only and should not be taken as a substitute for thorough and professional legal advice.
Types and Forms of Businesses which may be Registered in Pakistan
The following types of Business may be registered in Pakistan:
- Construction Company
- Trading & Contracting
- Software House/IT Company
- Schools & Academies
- Food & Retail
- Event Management & Wedding Planners
- All Kind of Services
- Real estate & Property
- Pharmaceutical Company
How to Register a Company in Pakistan?
Companies remain the most favored form of business organizations in Pakistan especially for medium and large-scale business enterprises. Legal regime for establishment and regulation of companies in Pakistan is given in the Companies Act 2017. Whereas the function of administration of these companies is vested in the Securities and Exchange Commission of Pakistan and the Registrar of Companies appointed by the Securities and Exchange Commission of Pakistan for a Province of Pakistan where such company is to be registered.
Under the provisions of the Companies Act 2017 a company is a corporate body with separate legal entity and a perpetual succession and a company may be formed by persons associating for any lawful purpose by subscribing their names to the Memorandum of Association and complying with other requirements for registration of a company under the provisions of the Ordinance.
The Companies Act 2017 provides three different types of companies:
- A company limited by shares
- A company limited by guarantee
- An unlimited liability company
Further, under the Companies Act 2017 two types of limited liability companies are provided namely, a) a private limited company and b) a public limited company (which may be listed or unlisted). Any one or more persons associated for any lawful purpose by subscribing their name(s) to the Memorandum of Association and complying with other registration specific requirements of the Companies Ordinance, 1984 may incorporate a private limited company. Provided that where a company has only one subscriber to the Memorandum of Association then such a company is called a Single Member Company, however, a Single Member Company remains a private limited company for all intents and purposes of the Ordinance. Whereas any three or more persons so associated may form a public limited company. A company limited by shares whether a private company or a public company is the most common vehicle for carrying out a business enterprise in Pakistan.
Prior approval of the relevant Ministries/Departments is required to be obtained before incorporation of the following companies:
- A banking Company
- A non-banking finance company
- A security service providing company
- A corporate brokerage House
- A money exchange company
- An Association not for profit u/s42 of the Companies Act 2017
- A trade organization u/s 42 of the Companies Act 2017
Procedure for Registration of a Company in Pakistan
Following are the requirements for registration of a company in Pakistan:
Step No. 1 for Registration of a Company in Pakistan
Availability of Name
The first step with regard to incorporation of a company is to seek availability of the proposed name for the company from the Registrar. For this purpose, an application is to be made and a fee of Rs.200 is required to be paid for seeking availability certificate.
Step No. 2 for Registration of a Company in Pakistan
Filing of documents required for registration of a private limited company in Pakistan
The following documents are required to be filed with the registrar concerned for registration of a private limited company in Pakistan:
Copy of national identity card or passport, in case of foreigner, of each subscriber and witness to the memorandum and article of association.
Memorandum and articles of association – Four printed copies of Memorandum and Articles of Association duly signed by each subscriber in the presence of one witness.
Form 1 – Declaration of compliance with the pre-requisites for formation of the company.
Registration/filing fee – A copy of the original paid Challan in the authorized branches of Habib Bank Limited or a Bank Draft/ Pay Order drawn in favor of the Securities and Exchange Commission of Pakistan of the prescribed amount.
Authorization by sponsors – The authorization of sponsors in favor of a person to make good the deficiencies, if any, in memorandum and articles of association as may be pointed out by the registrar concerned and to collect the certificate of incorporation
Documents required for registration of a Single Member Company in Pakistan
Any person may form a single member company and would file with the registrar at the time of incorporation a nomination in prescribed form indicating at least two individuals to act as nominee director and alternate nominee director, of the company in the event of his death. All requirements for incorporation of a private limited company shall mutatis mutandis apply to a single member company.
Documents required for registration of an association not for profit in Pakistan
All the documents meant for incorporation of a limited company along with a license issued by the SEC. In case of a trade body, a license issued by the Ministry of Commerce would also be submitted to the registrar concerned. The application for obtaining the requisite license from the Commission should be accompanied by draft memorandum and Articles of Association, list of promoters, bio-data of each promoter, declaration, names of companies in which the promoters of the proposed association hold any office, estimates of annual income and expenditure and brief statement of work already done or to be done.
We are offering to register the following companies in Pakistan:
- A private limited company (PVT)
- A single member company (SMC)
- A public limited company (PLC)
- A company limited by shares (LSC)
- A company limited by guarantee (LGC)
- An unlimited company (ULC)
Relevant laws of Pakistan for registration of a company in Pakistan:
Companies Act 2017
Companies (General Provisions and Forms) Rules, 1985
Single Member Companies Rules, 2003
Schedule filing fees
We have successfully dealt with registration of various companies including the following:
- IT related companies
- Construction related companies
- Real estate investment related companies
- Real estate development related companies
- Travel & tour related companies
- Textile related companies
- Garments & apparel related companies
- Home furnishing related companies
- Cosmetics & toiletries related companies
- Agricultural & agricultural products related companies
- Electronics related companies
- Telecommunications related companies
- Leather & leather goods related companies
- Pharmaceutical related companies
- Health & care related companies
- Manufacturing related companies
- Service oriented companies
Company Formation within 24 hours
You can run your business as a company in the UK. There are different types of companies and classification depends, among other things, on who owns the company and the extent to which those people responsible for the company’s liabilities.
If you would like to register a limited company in the UK, our experts can help you incorporate your company within just 24 hours.
Types of companies in the UK
The most common types of companies in the UK are as below:
- Private company limited by shares
- Public Limited company
- Company limited by guarantee
- Unlimited company
- Community interest company
A private company limited by share is the most popular type of UK incorporation company for small businesses. There is no minimum capital requirement other than one share must be issued at incorporation. This is the most suitable type of company for small businesses in the UK
Free Company Registration
If you will choose one of our accounting packages, we will form your company free of charge. This will be formed as part of the accounting package.
How to register a private limited Company?
A private limited company can be registered with Companies House (a regulatory body in the UK). This is also called Company Formation or Incorporation. If you would like us to incorporate your company, please provide us with the following information:
- Proposed company name. Check your company name availability at the Companies House
- Registered office address of the company
- Names of the directors and their addresses
- Details of the company’s shares
- Nature of the trading activities
- Details of people with significant control over your company
Official Documents Emailed
We will send you electronic copies of the Certificate of Incorporation, the Memorandum and Articles of Association and Shares Certificates in pdf.
COMPANY REGISTRATION QATAR
Get easily a business license in Qatar: Starting your business in Qatar can often be a confusing, costly, and complicated process. Most of the information that is available online is ambiguous and confusing, and it can make things even worse. Therefore, to help you out, this article is going to share the entire process required to register a company in Qatar.
Limited Liability Company or WLL is one of the common forms of business structure in Qatar. According to a report, more than 60% of foreigners prefer to start LLC or WLL company in Qatar. Therefore, this piece of article is going to focus on the requirement to register an LLC or WLL in Qatar.
For registering an LLC, the majority of the shares must be owned by Qatari nationals that is 51% share. The legal requirement does not suggest that one person should own a 51% share. The share can be distributed among multiple Qatari (the majority of the overall share needs to be Qatari-owned). These are the three pieces of documents/licenses required to register an LLC or WLL and to run its activities legally in the country.
- Commercial Resident (CR).
- Trade License.
- Computer Card.
- 1 Obtaining Commercial Residence (CR) in Qatar
- 1.0.1 Steps 1 Trade Name-
- 1.0.2 Steps 2 Articles of Incorporation-
- 1.0.3 Step 3 Issue the CR-
- 2 Trade License
- 3 Computer Card
Obtaining Commercial Residence (CR) in Qatar
Commercial Resident (CR) is nothing but a piece of documents that you need to acquire. The Ministry of Economy and Commerce issues this document. It states that a business with the name X owned by these shareholders. Mainly it contains information about the company and its shareholders. You also need to know about the salary certificate format in Qatar. These are the following steps you need to carry out to obtain CR –
Steps 1 Trade Name-
First of all, you need to get a trading name for your business/company. Remember if the tradename does not contain any Arabic meaning you need to pay an extra amount of 1000 QAR. The trade name must be unique, and it should not match with other registered businesses.
Steps 2 Articles of Incorporation-
Once you obtain the trade name of your company, now you need to obtain the article of incorporation. This is a type of document that has all the shareholder’s information including their ownership, rights, etc. The template of the article of incorporation can be collected from MEC. Fill out the template with all the details and approved it from the Ministry of Justice.
Step 3 Issue the CR-
Once you have your trade name and article of incorporation, you are eligible to submit them for your business to be issued a CR. At this step, you might be asked about all the details information about your business. Depending on your business activities you may need to pay a specific charge that ranges between 1500 QAR to 7000 QAR per year. CR is valid for 12 months only, and you need to renew it every 12 months. The lists below show things you can do with your CR—
- Eligible to open a corporate bank account.
- You can accept payment from your client.
- You can buy things/assets under the name of your company.
Once you receive your CR, now it’s time to obtain Trade License. A trade license is necessary to obtain an office space to conduct business activities. Obtaining a trade license is one of the hardest parts of company registration. However, it takes a quite long time to obtain a trade license. To obtain a trade license, first of all, you need to fill out the requisite application form. The requisite form is available on the MEC website. Fill up the form and submit it to the MEC with the following documents —
- Copy of shareholders’ nation identification card.
- Article of Incorporation copy.
- Copy of Commercial Resident (CR).
- Photograph of the office building (outside and inside).
- Identification copy of building owner.
- Approval from Civil Defense.
Once you submit all the required documents to the MEC, you will receive an email or SMS saying that the documents have been received. A representative team from MEC will visit your office and inspect all the business processes. Once inception has been completed successfully, you will again receive an email or SMS saying the “Trade License” is ready to be collected.
In order to hire an employee and issue them with the resident permit, you need to obtain a computer card. Here the immigration department is responsible for issuing the commuter card. For applying for the computer card, you are required to have an official company stamp, that will be used for all paper works. You need to go to the printing agent with your ID, CR, and Trade license copy to make your company stamps. It just takes a day to make a company stamp. Finally, you need to visit the regional Immigration and Passport office to apply for a computer card. These are the following documents required to apply for a computer card —
- Copy of shareholders’ nation identification card.
- Copy of Commercial Resident (CR) & Trade License.
- Copy of employee who needed to be on a computer card.
These are the general requirement (on the business license in Qatar) that you need to obtain to start an LLC or WLL in Qatar. However, if you face any problems registering your company in Qatar don’t forget to contact us. We have years of experience working in this field.