Company Registration

SECP COMPANY REGISTRATION & FEE IN KARACHI

TAXOCRATE helps you set up your company in Karachi with SECP for a Fee of Rs.11,999 only.

SECP COMPANY REGISTRATION & FEE IN KARACHI

SECP COMPANY REGISTRATION & FEE IN KARACHI

Karachi is the largest city in Pakistan in terms of population and area. Furthermore, it is ranked as the sixth most populous city in the world. It is Pakistan’s busiest transportation center and economic hub. The city has two major ports, Karachi Port and Bin Qasim Port, as well as Pakistan’s busiest airport. A major part of Karachi’s industrial development is transpired in the automobiles, medicines, agriculture, and steel sectors.

Karachi is a city that has many industrial zones including S.I.T.E, The Northern Bypass Industrial Zone, Karachi Export Zone, and Korangi S.I.T.E. These industrial zones are offering opportunities for investors and businessmen to invest and expand. Three kinds of businesses can be formed in Karachi; the Private Limited Company, the Sole Proprietorship Business, and the Partnership Firm, amongst which registration of a company is the most favorite of the business community of Karachi.

Taxocrate (Pvt) Limited, provides assistance for company registration and formation of various new businesses to Pakistani, Chinese and other international investors and entrepreneurs living in Karachi, from its office in Karachi for the last 36 years. We are honored to have the trust and confidence of hundreds of companies in multiple business sectors. Our secret is our commitment to our clients extends across several business sectors

company registration in karachi

Registration as a company is one of the most popular forms of business types in Pakistan. Registration of a company can help small and medium businesses, as well as larger organizations on a larger scale, improve their business performance. Companies Act, 2017 and Companies (Incorporation) Regulations, 2017 govern the company registration process. The Securities & Exchange Commission of Pakistan (SECP) is responsible for managing the whole process of company registration and compliance. The following types of companies can be registered in Pakistan:

STEP BY STEP INSTRUCTIONS FOR COMPANY REGISTRATION IN PAKISTAN

  • 1. The Availability and Approval of Company Name:
  • 2. Documents Needed for Company Registration:
  • 3- Certificate of Incorporation issuance by SECP
  • 4- Start your Business in Pakistan

The company registration is initiated with the approval of the company name. The applicant will propose three names, out of which the registrar of SECP would approve one available name. The name for this company would be mentioned in all documents pertaining to the entity. It seems to be a simple task, but there are certain guidelines that are to be followed while choosing the company name.
Likewise, in Section 10 of the Companies Act, 2017 and Regulation 4 of the Regulations, there are some restrictions imposed which the entrepreneurs have to take into consideration while choosing the name of their company. Taxocrate provides you with proper instruction while choosing your company name so that it gets approved easily.

The following documents are needed for submission to SECP by the applicant or his lawyer  for the company registration:

  • Articles & Memorandum of Association
  • CNIC (Photostat copies) of the company members
  • The company profile, information about company directors (including their nation), duty certified copies of their pictures, their address in their countries and copies of their passports are required in case of the foreigner directors
  • Registration/Incorporation form and Original Bank Challan as a proof that the company registration fee has been paid in MCB or UBL’s branches.

Taxocrate understands that this is one of the most important step in getting company registration. We’ll submit all the needed documents to SECP on your behalf and ensure that the critical process of document submission is accepted precisely.

An Incorporation Certificate will be issued by SECP to the director of the company upon the completion of the process of company registration.

The private limited company or single-member company (SMC) can start its operation after issuance of the Certificate of Incorporation by SECP. Still, for the public company, the CEO or one of the company directors are needed to file a properly vindicated declaration as mentioned in the Companies Regulations, 2017 along with the conditions imposed in Section 19 (1) of the Companies Act 2017, and it has to be accepted by the Register of SECP. A public company may start its operations after successfully completing this process.

COMPANY REGISTRATION FEE

We charge a fee of Rs. 11,999 only as the company registration fee, including official challan, our service charges, conveyance and other expenses for pursuing the matter with the company registration office of SECP, Karachi.

The Companies Act, 2017

The Security and Exchange Commission of Pakistan (SECP) administers the company registration process under The Companies Act, 2017. Before the introduction of the Companies Act 2017, companies were registered under the Companies Constitution 1984. With the Companies Act 2017, the laws governing the registration and operation of companies has been restructured in Pakistan. As a result of the Act, the company registration process has been simplified, allowing businesses to operate with greater ease and convenience. Now, new investment opportunities has been opened up, and investors are investing in new businesses, which ultimately improve the economy and provide new job opportunities for citizens of the country. Also, The Companies Act 2017 is introduced with the purpose to regulate and cover the companies and guard the interests of investors, shareholders, and other stakeholders.

Furthermore, the new Act will facilitate the resolution of commercial disputes. The new law makes it easier for businesses to conduct their affairs. Additionally, the process of combining and acquiring companies and registering companies is to be simplified.

TAXOCRATE HELP YOU REGISTER YOUR COMPANY IN PAKISTAN

If you feel that the process of company registration is quite lengthy and complex. Therefore, Taxocrate provides individuals and business owners with the best legal services of Karachi company registration. Let us know what your specific business requirements are, and we can tailor a solution to meet them. Additionally, we will not only guide you through the entire company registration process but take care of all the paperwork so you can stay calm and relaxed.

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