Registering a firm in Pakistan follows a clear process. This guide explains the steps, required documents, and post-registration tasks for registering a partnership firm with the Registrar of Firms in your city or district.
Table of Contents
- Draft a Partnership Deed
- Fill Out Form-I
- Pay the Registration Fee
- Prepare an Affidavit
- Notarize the Documents
- Submit to the Registrar of Firms
- Personal Appearance of Partners
- Collect the Registration Certificate
- Additional Requirements
- Post-Registration Tasks
- Conclusion
- Legal Help from Muhammad Amin, Advocate
Steps to Register a Firm in Pakistan
1. Draft a Partnership Deed
A partnership deed defines the rules of the partnership. Draft it on Rs. 1,000 non-judicial stamp paper. Include:
- Firm’s name and address
- Business type and duration
- Names and addresses of partners
- Date each partner joined
- Profit-sharing ratio
2. Fill Out Form-I
Complete Form-I, the official application for firm registration. It contains key details about the firm and its partners.
3. Pay the Registration Fee
Pay the registration fee at a National Bank of Pakistan branch. The fee depends on the province and firm size.
4. Prepare an Affidavit
Draft an affidavit on Rs. 5 stamp paper. It confirms the firm’s legitimacy and verifies the information in the partnership deed and Form-I.
5. Notarize the Documents
Get the partnership deed, Form-I, and affidavit notarized by a notary public or oath commissioner.
6. Submit to the Registrar of Firms
Submit all documents to the Registrar of Firms in your city or district. Include original and photocopies of all required papers.
7. Personal Appearance of Partners
Partners must appear before the Registrar with two witnesses and their original CNICs for verification.
8. Collect the Registration Certificate
Once verified, the Registrar issues the Certificate of Registration. This officially recognizes the firm.
Additional Requirements
Submit these extra documents to ensure smooth registration:
- Office Rent Agreement or ownership proof
- CNIC copies of all partners and witnesses
- Addresses of additional business locations, if any
Post-Registration Tasks
Once registered, complete these steps:
1. Apply for a National Tax Number (NTN)
Get an NTN from the Federal Board of Revenue (FBR) for tax purposes.
2. Open a Business Bank Account
Use the registration certificate and NTN to open a business bank account in the firm’s name.
3. Register for Sales Tax (STRN/GST) (if applicable)
If selling taxable goods or services, register for Sales Tax Registration Number (STRN) or General Sales Tax (GST) with FBR.
Conclusion
Registering a firm in Pakistan is simple if you follow the legal steps. A registered firm can operate legally and access tax and banking benefits. By following this guide, you can set up your firm smoothly.
Legal Help from Muhammad Amin, Advocate
For expert help with firm registration, contact Muhammad Amin, Advocate. He specializes in company registration, tax matters, and legal documentation. He ensures a smooth registration process.
Contact Details:
Office: Office No. 14, Zeb Plaza, University Road, Tahkal Payan, Peshawar
Phone: 0313 9708019