Want to start a business in Pakistan? The Securities and Exchange Commission of Pakistan’s (SECP) internet system has made the process of registering a corporation easier and more accessible. Our team at Pk-Legal and Associates has created this step-by-step guide to help you go through the procedure smoothly.
Select a Distinctive Name for Your Company.
Check availability: Use SECP’s online name search tool to confirm that your preferred company name is not already taken. The name should accurately reflect your company and adhere to SECP requirements.
Gather the required documents.
Memorandum of Association (MoA): Defines the scope and goals of your company.
The Articles of Association (AoA) define the rules guiding the company’s internal management.
CNIC Copies: Copies of each director and shareholder’s Computerised National Identity Cards (CNIC).
Proof of address: A current utility bill or leasing agreement for your commercial address.
Directors and Shareholders’ Information: All directors and shareholders must provide basic personal information.
Open an account on SECP’s eServices Portal.
Set up an account on the SECP eServices site.
Log in and follow the steps to submit your application online.
5. Secure Your Company Name.
Once logged in, navigate to the “Company Name Reservation” area and enter the relevant information.
SECP will assess your application and, if granted, reserve your desired name for 60 days.
6. Prepare and submit incorporation documents.
Prepare the MoA and AoA using the templates provided on the SECP website.
Fill out the online incorporation form and attach any required documentation.
Pay the registration fee.
SECP will determine your registration charge based on the kind of company and authorised capital.
Pay the fee online using one of the payment options.
Receive the Certificate of Incorporation.
A Certificate of Incorporation will be issued after SECP has verified your paperwork and payment.
Congratulations! Your firm has now officially registered.
Get an NTN and register for taxes. Apply for an NTN via the Federal Board of Revenue’s (FBR) website.
Sales Tax Registration: If your company is required to collect sales tax, you must also register with the FBR.
10. Open a corporate bank account.
Create a corporate bank account in the name of your firm using your Certificate of Incorporation and NTN.