Registration of a foreign company in Pakistan is no more complex as we are providing a thorough consultancy with regard to the foreign company registration and its legal and regulatory compliance. However, it requires professional attention and due care.
After commencement of CPEC, multiple international companies registered their Branch / Liaison Offices for the purpose of investments and business. We have assisted hundreds of foreign companies to register their companies as non-resident.
Step 1: Name Reservation & Selection of Entity:
You need to reserve company name and entity type i.e. Branch/ Liaison Office, Private Limited etc.
Step 2: Approval from Board of Investment
A foreign company is required to obtain a permission letter from the Board of Investment with a specific validity period for opening and maintaining its branch/liaison office in Pakistan. Copy of such a permission letter is required to be furnished with the documents meant for registration. Renewal/ extension of the permission to open/maintain a branch/liaison office is also required to be obtained from the Board of Investment on the expiry of the validity period of the permission originally granted. Whenever such renewal/extension is granted, a copy must be furnished to the registrar concerned.
Step 3: Pre-Incorporation Compliance
Some businesses require approvals or licensing after registration of the company. We would strongly recommend assessing your qualification as to whether you are qualified or competent to get approval from the concerned department because if after registration of the company, the same is denied that would affect the investment and energy. You can seek our guidance to assess your qualification for the licensing.
Step 4: Documentation & Filing
Once we assess that you are competent to get approval from the concerned regulator, we will compile your file which include following documents.
SECP requires that all documents/information collected regarding the foreign company should be filed with the registrar after they have been:
Upon submission of these documents to the SECP, the SECP shall issue a certificate of incorporation and a National Tax Number (NTN) will be issued to the company at the time of incorporation.
If the business requires approval and licensing from the regulator, soon after the incorporation of the company we will file an application for such permission.
Company after its incorporation requires statutory compliance by submitting relevant forms and audit reports to the SECP.
No matter the industry or company size, all businesses must adhere to certain laws and regulations as part of operations. Regulatory compliance, in fact, deals with a set of guidelines that the law requires organizations to follow. Regulatory compliance processes and strategies provide guidance for organizations as they strive to attain their business goals.
Contracts are the essence of business relationships. Our commercial contract lawyers provide expert advice on contract law and commercial law surrounding a wide range of commercial contracts including for the supply or purchase of goods, services, works and software/data. We put in place clear, workable and cost-effective commercial contracts to enable our clients to lock down new opportunities and focus on meeting and exceeding their business objectives.
We support local and international businesses to achieve their business goals in a most competitive manner. Understanding their business operations and transactions in multiple jurisdictions is of prime importance for a company’s survival in the competitive age. We provide a full range of services to meet their business needs from tax advisory, consulting and cross border restructuring by analyzing the best possible strategies that meet their business objectives through analyzing tax and regulatory implications of transactions and finally implementation assistance, from the perspectives of domestic law and the international tax treaty network.