However, with the right information and preparation, you can ensure your success in this business. And the good news is you found our firm because with our support and guidance, you can not only register your company smoothly but also get all other tools to ensure the successful operation of your business. We helped over a hundred IT companies to get registered and run their business. So, we know all the legal issues of Information Technology companies and can pass that knowledge to new clients.
Single Member Company Registration:
A Single Member Company is set up as a separate business entity from its owner and only has one shareholder. The single member serves as a director and has complete control over the company and its assets. The single member company concept came into existence in 2010. It is a private limited company but the difference is that only one member is required to incorporate the company. The SMC can not sell or trade the stakes with the public in the stock market.
Private Limited Company Registration:
A private limited company is the ideal business structure for Small-Medium Enterprises that need to raise capital on a small to medium scale. A private limited company is a separate legal entity from its shareholders. Shareholders elect a board that, along with the company’s CEO, takes the operational decisions. A company may also require a company secretary, legal advisor and auditor depending on its size.
Registration with PSEB:
Govt. of Pakistan promotes software companies for mandatory registration with the Pakistan Software Export Board (PSEB) to monitor IT remittances from abroad. This confirms that IT companies provide the best quality services as per international standards implemented through PSEB. IT companies in Pakistan are producing IT software, games and developing applications for smartphones. PSEB’s role is to promote the Pakistan IT industry in local and international markets in human capital development, research and development, strategy building, innovation and BoP services such as telemarketing, medical transcription, and technology enhancement.