Company Registration & Firm Registration Processes in Islamabad are Different!
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Are Company Registration & Firm Registration Processes in Islamabad are Different?
Company Registration Process is Much Easier Than Firm Registration in Islamabad!
Company Registration & Firm Registration Process in Islamabad are different. Company Formation Lawyers adviise not to register a firm but register a company. For incorporation of a company in Islamabad is much easier than registration of a partnership firm. You have to attend the firm registration office, with your partners and two witnesses of your partnership deed, duly printed on a PKR 1,000 stamp paper and attested by a Norory Public. You all, should have almost a full day to be present before an Honourable Registar/Assistant Registrar. Some times, you may have to visit the next day, if the Honourable officer is busy in a meeting with his staff or senior officer or even with his personal friends or relative. On the other hand, we can get your private company (plc or llc) within a day or two, without any attested partnership deed on stamp paper, without visiting any registrar office, without bringing your partners and witnesses. You will get your company registered and receive your computerized company incorporation certificate and other relevant documents the very next day of your application, while in contrast, you could be able to get your manual partnership firm registration certificate after a week, if no objection is raised by the Honourable assistant Registrar or any other “Sarkari Babu”. This is why, we and other lawyers charge double fee for registration of a partnership firm in Islamabad, Rawalpindi, Lahore or Karachi.
Company Registration Services in Karachi, Islamabad, Rawalpindi & Lahore, Pakistan are offered by Expert Company Incorporation Expert Lawyers having command over Corporate Filing & Secretarial Service.
Company Registration Service: No. 1 Company Incorporation Service in Islamabad, Rawalpindi, Lahore and Karachi by top corporate lawyers. Register your company within 1-2 days. Company registration requirement is just copies of your CNICs…. Visit our company incorporation assistance office in Islamabad, Lahore, or Karachi. Registration of Private Ltd company, registration of the single-member company, and registration of public limited company can be done within a very short time. Get your newly registered company within 2 days. Company Formation is our specialty. Visit us for company registration and run your registered company after 2 days.
Do you Want to Incorporate a New Company in Islamabad, Rawalpindi, Lahore or Karachi Pakistan?
If you are going to incorporate a new company in Pakistan, you will need to register it with the Securities & Exchange Commission of Pakistan (SECP). This is a mandatory requirement for every company limited by shares in Pakistan.
The SECP is responsible for regulating the securities market and for protecting investors in Pakistan. It also governs the formation of companies and their issuance of stocks/bonds.
To Register Your Company with the SECP, You Need to Complete Required Documents and Pay the Registration Fee
To register your company with the SECP, you will need to complete all required documents and pay the registration fee. The SECP will then issue you a certificate of incorporation. You can complete this process yourself or contact us to do it on your behalf.
Company Incorporation Lawyers in Islamabad Defines the Process of Company Formation
Our company registration lawyers has defined here the complete company registration process of a new company incorporation. Registration for a new company is not easy, however, the problem is that the incorporation of a new company is normally handled by Corporate Lawyers and Chartered Accountants. We have got registered thousands of new companies during the last 37 years. Company registration is our specialty. We have well experienced tax and corporate lawyers.
Company Registration is a Key Step Forward
Company Registration from SECP in Pakistan is considered a key step toward business. It ensures the registration of a company for doing business. The entire company registration process of a public limited company, from SECP, can take from a week to a month whereas registration of a private limited company would take just 2-7 days (through a corporate lawyer, it will take 1-2 days only). Costs may vary depending on the type of incorporation. Registration of a new company from SECP paves the way for business owners with the freedom to run their affairs without any hurdles like restrictions on ownership, taxation, and labor.
Company Registration Procedure/Process in Pakistan
This article contains information about the company registration procedure in Pakistan. When you have a business set up in your mind, you will need a legal entity through which your business will run. Pakistan requires all new companies to be registered with the Securities and Exchange Commission of Pakistan. The process of company registration in Pakistan is described below.
Taxocrate is a Corporate Law Company, offers Incorporation of New Companies & SECP Filings
Taxocrate (Pvt) Limited is a corporate law company that offers company registration services, incorporation, and capital market-related legal assistance. Our focus is on the identification and development of growth resources for long-term economic development within Pakistan. The fastest-growing economies have been those with very close links between government and business. We at Taxocrate are offering all types of corporate services in Pakistan as well, including company formation, offshore registration, all sort of corporate finance, mergers & acquisitions, company liquidations, and audits.
Company Registration Process in Islamabad is Simple and Easy While a Partnership Firm Registration Process in Islamabad is Very Difficult!
Your certificate of incorporation will be available once the company registration process is complete. A new company can generally be registered within a day or two.
You can get register your company through the No.1 Company Formation Lawyers in Islamabad or Karachi who provide their services in not only Karachi, but also in Islamabad, Rawalpindi, and Lahore, Pakistan.
SECP has Authority for Company Registration in Pakistan
The SECP (The security and Exchange Commission of Pakistan ) is the authority for registering companies in Pakistan. SECP offers online and offline registration options for companies in Pakistan. A company name can be searched to see if it is available for registration. In Pakistan, you can register different kinds of companies.
Types of Companies in Pakistan
The types of legal companies in Pakistan must be known before you learn how to register a company in Pakistan.
- Private Limited Company
- Single Member Limited Company
- Public Limited Company
- Private Limited Company
Any two or more persons associated for lawful purposes may incorporate a private limited company by signing the Memorandum of Association and complying with the Companies Act, 2017.
- Single Member Limited Company
If only one member forms a private company, it is called a single-member company. You can form a single-member Limited Company by complying with the requirements of the Companies Act, 2017.
- Public Limited Company
Any three or more persons associated for lawful purposes can form a Public Limited Company by subscribing their names to the Memorandum of Association and complying with the requirements of the Companies Act, 2017. There are two types of Public Limited companies, Listed and Unlisted.
Listed companies are open to the public, and anyone can buy their shares. Limited liability is attached to those shares. PK Rs. 200 million is the minimum capital requirement for setting up a listed company.
An unlisted company does not offer its share to the public, and the minimum capital required to set up this type of company is PKR 100,000.
To register a company you need to follow some steps, and you need to have an understanding of the documents to register a company in Pakistan. This guide provides an in-depth look at how to register a company in Pakistan.
Incorporation of the company after reservation of the company’s name
In order to register any company in Pakistan, you must decide the name of the company and check whether it is available on the SECP website. For more information, see section 10 of the Companies Act, 2017. SECP provides a list of prohibited terms that you cannot use in the name of your company. Check the list before picking a name for your company, or give us your suggested names so that we could check its availability.
Using this method will save you time and help you come up with a unique name for your company. Check the availability of your chosen name after deciding on it. Create an online account with SECP if the company name is available for reservation. As combined application for company registration can also be submitted to save time.
Regulations Set by SECP for a Company Name
Some regulations set by SECP for a company name are the following.
- It should not be identical or resemble the name of any existing company or registered LLP.
- The company name shouldn’t be inappropriate or deceptive.
- Try not to include any word or words in the company name which are offensive to any section of the people
- It should not include any other word that in the opinion of the registrar is undesirable.
- Your company name must not exploit the religious susceptibilities of people.
- Avoid using any word that is prohibited under Section 10 of the Act and Regulation 4 of the Companies (Incorporation) Regulations, 2017.
These are some of the provisions that you have to consider before deciding on your company name.
Steps to Reserve the Company Name For Registration
Here are the steps to reserve the company name and incorporate the company.
- Log on to the SECP website and access the e-services page.
- You need to have a valid CNIC if you are a Pakistani National, and you need a valid passport if you are a foreigner.
- To get a same-day registration service, you should select ‘fast track registration services’ (FTRS).
- Fill out the online form and submit a user registration form by providing your particulars.
- You will receive security codes via SMS or email that you need to write in the form.
- After security codes verification, a PIN will be generated.
- The user registration fee can be paid online through your credit/debit card, or you can take a printout of the challan. The amount can be The deposit can be made at any MCB or UBL branch.
A confirmation email will be sent to you by SECP within one day of submitting the form. Your company name will be reserved if it does not contain a prohibited word.
You can also reserve a company name and company incorporation using the offline system. You can submit your application to the SECP registrar’s office with three proposed names in the application. The registrar will take 3 to 5 working days and will license you to use the proposed name in the company documents for company incorporation.
Articles & Memorandum of Association For Company Incorporation
There are some documents that you must have to submit to the SECP, if you want to register a company.
- Memorandum of Association and Articles of Association: Memorandum of Association explains your company’s relationship with the outside world under which business sector your company e.g. Institution, travel agency, etc., while
- Articles of Association are about the day-to-day proceedings within the company. It tells about the role of the CEO and directors. It explains how the company will operate.
- CNIC Copies of Directors, CEO, Nominee (for the single-member company) or copies of passport in case of a foreigner.
- NOC or letter of intent/ license from concerned authorities if you want to register some specialized business.
- In the case of foreign company incorporation, you need to provide more details such as the List and details of Directors. The company profile, detail of the Directors, and their nationality. You need to provide the Company charter’s certified copy. You need to provide a Memorandum of Association and Articles of Association as well.
Besides Karachi, you can also register your company in Islamabad, Rawalpindi, and Lahore, Pakistan, with the number one Company Formation Lawyers in Karachi.
Getting Company's Incorporation Certificate
After submitting all the documents, the Securities and Exchange Commission of Pakistan (SECP) evaluates them and will check their validity of all the documents.
If all your documents are valid, SECP will provide you with an incorporation certificate. You can receive the certificate in hard copy or electronically. Once you receive your incorporation certificate from SECP, you can begin your business.
After completing the company registration process, you can obtain a certificate of incorporation. Generally, we are able to get register a new company within one to two days.
Company Incorporation certificate is issued after completion of company registration process.
Company’s Incorporation Certificate
EXECUTIVE SUMMARY FOR COMPANY REGISTRATION
To register a company in Pakistan is not very easy. Before starting of e-service of SECP, people have to submit applications for company registration, manually. It was difficult for people to register their company, but this online system has made it relatively easy for people to register a company. SECP has become efficient, and you can easily register your company if you are aware of corporate laws.
We outlined both offline and online registration procedures, as well as the documents required. If you wish to register a company in Pakistan by yourself, we suggest you use the online SECP (Securities and Exchange Commission of Pakistan) system.
The No.1 Company Taxocrate has Company Formation Lawyers in Karachi, Islamabad, Rawalpindi, and Lahore, Pakistan, as well to provide company registration services throughout Pakistan.
For a Company Registration, You Are At the Right Place!
If you need to set up a company in Pakistan, then you have come to the right place. We hold years of experience in the industry, and we have been involved with various kinds of business registrations in the country. For your convenience, we have compiled information regarding company registration in Pakistan so that every detail is laid out for you in one place. You can also find FAQs (frequently asked questions) about the registration process on our page as well. If something isn’t answered clearly enough, or you need further help, feel free to contact us.
Taxocrate (Pvt.) Limited is a corporate Law Company that offers company registration services and deals with all corporate compliance and statutory filing matters. It has corporate offices in the cities of Karachi and Islamabad. Company registration has a number of benefits over sole proprietorship, including shielding the owner’s personal assets from liability.
Taxocrate has its offices in Islamabad (G-9 Markaz, Karachi Company) Lahore and Karachi. You can get register your new company through our well experienced and highly reputed Company Formation Lawyers who provide their services in not only Karachi, but also in Islamabad, Rawalpindi, and Lahore, Pakistan.
For company incorporation, you can visit our any office and consult our corporate lawyers for firm registration or company formation in Karachi, Islamabad or Lahore.
Provincial Tax Authorities
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