Discover the process of Foreign Company Registration (FCR) in Pakistan.
There are many benefits to expanding your company to Pakistan, but completing the registration procedure might be challenging. We help you to establish your presence in this competitive market by demystifying the procedures involved in forming a non-resident company.
Step 1: Compile the necessary papers, such as the articles of company, copies of the directors’ passports, and evidence of the registered address. The foundation for your registration application is provided by these papers.
Step 2: Obtain a certificate of no objection from the relevant embassy or consulate. This certificate streamlines the registration procedure and attests to your adherence to local legislation.
Step 3: A subsidiary, branch, or representative office are examples of appropriate corporate structures. When making this choice, take into account elements like responsibility, taxation, and operational breadth.
Step 4: Create a board resolution for the directors of the parent business. This decision specifies important operating information and approves the foreign company’s establishment in Pakistan.
Step 5: To the appropriate authorities, such as the Securities and Exchange Commission of Pakistan (SECP), submit the necessary paperwork, such as the NOC, board decision, and incorporation documents.
Step 6: Wait for the SECP to approve you after reviewing your paperwork and business plan. You’ll get a certificate of incorporation after it has been accepted.
Step 7: For tax purposes, register your business with the Federal Board of Revenue (FBR). It’s essential to fulfil your tax duties if you want to keep up compliance and trustworthiness.
Step 8: Create a Pakistani bank account for use in business financial transactions. For all transactions and operations pertaining to the business, this account acts as the focal point.
Step 9: Once all legal requirements have been satisfied, you can start doing business in Pakistan. Maintain adherence to all applicable local laws and ordinances.
You can get statutory forms for foreign company from the official website of SECP.