A chamber of commerce is an association or network of businesspeople designed to promote and protect the interests of its members. A chamber of commerce is often made up of a group of business owners that share a locale or interests, but can also be international in scope. They will choose leadership, name representatives, and debate which policies to espouse and promote.
Chamber registration may help business individuals and companies to interact with other businessmen. Chamber of Commerce Registration in Pakistan is not so expensive but has deep positive impacts on business development.
Registration to the chamber of commerce and industry can be quite a frustrating procedure and if you have no experience in dealing with matters related to law, you will surely struggle to sort out this matter easily. Moreover, the pre-requisites are sometimes extremely difficult to follow as compared to other legal affairs. There are hundreds of legal firms working to help people out, but The Case Lawyer is one of the few law firms that provide proper guidance and complete consultation.
In order to become eligible for the registration with the Chamber of Commerce, you must follow;
Corporate Class: Multinational corporations or organizations with their headquarters or branches in Pakistan are considered corporate class organizations. Chamber of Commerce and Industry of Pakistan members include these companies and organizations. Also, their turnover must be at least Rs.50 million. There should be a minimum annual turnover of Rs.50 million.
Associate Class: In the context of the Associate class, a management organization must have an annual turnover of less than Rs. 50 million, and not be a body within the corporate or multinational sector.