How to Start a New Business in Pakistan

Save

Starting a new business in Pakistan has been made easier in modern times due to the use of technology. Most of the steps can be completed online. You will still need to visit local agencies to obtain necessary paperwork to start online registration and to complete the final steps of the process, however.

Things You'll Need

  • Pakistani national identity card
  • Pakistani memorandum and articles of association
  • Pakistani bank account number
  • National tax number (NTN) of each of your business directors
  • Attestation of business address
  • Registration forms
  • Visit the Securities and Exchange Commission of Pakistan's (SECP) website (see Resources) to file your company name online. Make sure the name does not exist already by searching for your desired company name.

  • Pay the name and registration fees on the SECP website through your bank account.

  • Register your company through the Registrar of Companies under the eServices section of the SECP website. You will need to refer to information from your company incorporation forms, national identity card, memorandum and articles of association.

  • Obtain digital signature and proof of registration. The digital signature and proof of registration will come through the SECP website from the National Institutional Facilitation Technologies (NIFT) two days after you register your company (given that you follow all the registration guidelines properly on the SECP website and have the proper documents).

  • Register for income tax with your national tax number (NTN) on the SECP website. Apply for an NTN by providing proof of registration, your memorandum, articles of association and bank account number. You will also need the NTN of your directors and an attestation of your registered business address.

  • Register for sales tax. Once you have registered for income tax, you can obtain a PIN code, a unique identifier number and a secure password by visiting the Federal Board of Revenue's website (see Resources).

  • Register for the Pakistani Professional Tax with your local tax authority. Find out where your local tax authority is located and then visit the office. There you will have to meet the District Excise & Taxation Officer to request to enroll your business as an "assessee."

  • Register with the Employee Social Security Institution (ESSI). Visit the ESSI main office in Karachi to meet the registrar for new companies. Bring your memorandum, articles of association and company incorporation documents.

  • Register for old age benefits with the Pakistani Employees Old-Age Benefits Institution (EOBI). You can visit the EOBI website (see Resources for link) to download registration forms and find the e-mail address of your regional office to send them to.

  • Register with the Pakistan Shops and Establishment Ordinance. Find out where your local Deputy Chief Inspector's office is. Visit the office to register. You will have to pay a registration fee.

References

Promoted By Zergnet

Comments

Resources

You May Also Like

  • How to Start a Small Business

    Successfully starting a small business requires answering as many questions as possible before you open your doors rather than tackling problems after...

  • How to Start a Mushroom Farm

    Americans consume about 4 pounds of mushrooms per person every year. Most of these mushrooms are raised by commercial mushroom growers, who...

  • How to Register a Business Vehicle

    Registering a vehicle in your business's name is usually not complicated. Check with your state's Department of Motor Vehicles for exact procedures,...

  • How to Start a Rental Car Business

    With airline prices soaring through the roof, more people than ever are turning to the rental car industry to help with their...

  • How to Start a Home Business Boutique

    If you are passionate about clothing trends, fashion and design, starting a home business boutique is the right business choice for you....

  • How to Open a New Company or Register a Company

    Starting your own business can be a rewarding-yet-challenging endeavor. Among all of the financial planning, business models, product considerations, marketing and employee...

  • How to Open an Indian Grocery Store

    Indian food is known for its blends of spices and seasonings, but the ingredients needed to make a typical Indian meal can...

  • How to Start a Warehouse Business

    Many small and home businesses use the services of public warehouses, also known as third-party logistics companies. Warehouses help businesses run by...

  • How to Register Brand Names

    A brand name is also referred to as a trademark. A trademark is the familiar 'r' character with the circle around it,...

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!