Register a Business in Pakistan: 

Starting a business in Pakistan can be a thrilling venture, but navigating the registration process can be daunting. In this blog, we’ll break down the steps to register a business in Pakistan, making it easier for entrepreneurs to turn their vision into a reality.

register a business

Step 1: Choose a Business Structure

Pakistan recognizes several business structures, including:

  • Sole Proprietorship
  • Partnership
  • Private Limited Company (Pvt. Ltd.)
  • Public Limited Company (Pub. Ltd.)
  • Single Member Company (SMC)

Select a structure that suits your business needs and goals.

Step 2: Select a Unique Name

Ensure your business name is:

  • Unique and memorable
  • Not already registered
  • Compliant with Pakistan’s naming conventions

Step 3: Register with the Securities and Exchange Commission of Pakistan (SECP)

File the following documents with the SECP:

  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Form 1 (Application for Registration)
  • Form 21 (Location of Registered Office)

Step 4: Secure Your Business’s Tax Identity

  • Register with the Federal Board of Revenue (FBR) to obtain a unique identifier for tax purposes, known as the National Tax Number (NTN). This crucial step enables your business to comply with Pakistan’s tax regulations and facilitates seamless financial transactions.

Step 5: Register with the Provincial Authorities

Register with the relevant provincial authorities, such as:

  • Punjab: Punjab Revenue Authority (PRA)
  • Sindh: Sindh Revenue Board (SRB)
  • Khyber Pakhtunkhwa: Khyber Pakhtunkhwa Revenue Authority (KPRA)
  • Balochistan: Balochistan Revenue Authority (BRA)

Step 6: Obtain Licenses and Permits

Secure all required licenses and permits from the relevant authorities, including:

  • Trade License
  • Sales Tax Registration
  • Professional Licenses (e.g., medical, legal)

Step 7: Open a Business Bank Account

Open a dedicated business bank account to separate personal and business finances.

Step 8: Register with the Employees’ Old-Age Benefits Institution (EOBI) and the Social Security Institution (SSI)

If your business has employees, register with EOBI and SSI to ensure social security benefits.

Conclusion

Register a business in Pakistan requires careful planning and execution. By following these steps, entrepreneurs can ensure a smooth registration process and focus on growing their business. Remember to consult with professionals if needed, and stay up-to-date with changing regulations.

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