Q. 6: How to Register a Company in Pakistan?

To register a company in Pakistan, you will need to follow these steps:

1. Choose a unique name for your company and have it approved by the Securities and Exchange Commission of Pakistan (SECP).
2. Obtain a National Tax Number (NTN) and Sales Tax Registration (STRN) from the Federal Board of Revenue (FBR).
3. Prepare and file the necessary documentation, including the Memorandum of Association and Articles of Association, with the SECP.
4. Pay the required fee to the SECP.
5. Obtain any necessary licenses and permits required for your business.

In addition to the steps mentioned above, here are a few more things you should keep in mind when registering a company in Pakistan:

1. Choose a company structure: Depending on your business, you can choose to register as a private limited company, a public limited company, a sole proprietorship, or a partnership. Each structure has its own set of advantages and disadvantages, so it's important to choose the one that best suits your business needs.
2. Appoint directors: A minimum of two directors are required to register a private limited company and a minimum of seven directors are required to register a public limited company. The directors must have a valid National Identity Card (NIC) and must not be bankrupt or have any criminal record.
3. File annual returns: All registered companies are required to file annual returns with the SECP. These returns include financial statements, details of shareholders and directors, and other information as required by the SECP.
4. Register for taxes: Once your company is registered, you will need to register for various taxes, such as income tax, sales tax, and withholding tax. You will also need to submit regular tax returns and pay taxes on time to avoid penalties.
5. Compliance with SECP: All companies are also required to comply with other regulations as required by SECP, such as filing of annual financial statements and holding annual general meetings.

It is advisable to consult with a professional such as lawyer or a chartered accountant throughout the process, they can ensure that your company is registered in compliance with all relevant laws and regulations.