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Company Registration in Pakistan

Details Category: Scrolling Articles Published on Friday, 02 August 2013 09:37 Written by Administrator Hits: 20537


ITNA Consultants a reputable name in corporate consultancy offers company registration services in Islamabad Pakistan. If you are in exploring more about the company registration process in Pakistan detailed information about company registration is mentioned below.

The process of Company registration in Pakistan is not much complicated compared to company registration in some of the other parts of the world however in order to successfully go through the process of company registration in Pakistan you have to go through some basic steps that are mentioned below.

Before jumping to the steps of company registration in Pakistan it is quite important for you to understand that in Pakistan companies are registered with Securities and Exchange Commission of Pakistan (SECP) which is the only body granted the powers of company registration in Pakistan by the Government of Pakistan.

Company Registration Process in Pakistan: Step No. 1 (Name Availability)

The first step in company Registration in Pakistan is to make an application to the registrar of companies for the availability of name. The application can be made both online and in offline mode and normally takes a period of 3 to 4 days before confirmation of the name applied for new company registration in Pakistan. Before making an application to the Securities and Exchange Commission of Pakistan for company registration please do not forget to do Company Name Search on the Securities and Exchange Commission of Pakistan website. Once the name is confirmed you can proceed with the process of company registration in Pakistan.

Company Registration Process in Pakistan: Step No. 2 (Preparation of Documents)

The second step in company registration in Pakistan is to start preparing documents necessary for the process of company registration. The following are the set of documents need to be prepared in order to successfully complete the process of company registration in Pakistan:

  1. Memorandum of Association

Memorandum of Association is the basic document where all the objectives of the company registration are stated e.g. the basic objective of company registration is to engage in the business of general order supplier or trading company or any other business.

All the business the company is planning to undertake must be stated in the memorandum in order to get the process of company registration in Pakistan to complete.

Four copies of Memorandum of Association must be prepared for company registration in Pakistan.

  1. Articles of Association

Articles of Association is the basic document where all the rules of the company to operate are stated e.g. How directors are going to operate, when how General Meetings of the company undergoing the process of company registration in Pakistan is to be conducted etc.

Four copies of Articles of Association must be prepared also.

  1. Form 1

Form I for company registration is the basically a declaration of one of the directors of the company about to be registered. Form 1 can be downloaded from Securities and Exchange Commission of Pakistan website. This is another compulsory component of company registration process in Pakistan.

  1. Form 21

Form 21 is the form whereby the address of company undergoing the process of company registration in Pakistan is notified to the registrar.

  1. Form 29

Form 29 contains information about the particulars of the directors of the company that is undergoing the process of company registration in Pakistan. Form 29 is submitted in duplicate.

  1. Power of Attorney

Power of Attorney in favor of any person authorized to submit documents and liaison with the company registration office about different issues during company registration in Pakistan.

  1. Copies of CNIC’s of Directors

Copies of CNIC are of Directors and witness who signed the memorandum and articles of Association of the company that is undergoing the process of company registration in Pakistan.

  1. Name Availability Letter/Email Original from SECP

Letter receives from the Securities and Exchange Commission of Pakistan confirming the name applied for the company that is undergoing the process of company registration in Pakistan.

Company Registration Process: Step No 3 (Submission of Documents and Collection of Certificate)

The last step in the process of company registration in Pakistan is to submit all the above mentioned certificates to the registrar of the companies. Once satisfied with the documents incorporation certificate of the new company registered is issued by Securities and Exchange Commission of Pakistan within 3 to 5 working days and the process of company registration in Pakistan completes with the issue of this certificate.

At this stage it is worth mentioning the advantages associated with company registeration as Private Limited Company. Few of the advantages are as under:

1 Minimization of Business Risk:

Small business owners often commit one common mistake that is mixing the money earned through business with their personal wealth. As long as the business is going profitable there is no harm in the aforesaid practice but let’s take the situation if the business goes into loss then as per the requirements of Companies Ordinance, 1984 if you have not registered your company as Private Limited company even the personal property of the proprietor can be taken by the Government to settle the debts of the business.

Smart businessmen take care of this risk of loss by undergoing the process of company registration for their business. As soon as your company is registered as Private Limited the liability of proprietor is secured. In other words Private Limited Company means that the liability of the shareholders will be limited up to the capital subscribed by them as company is a separate legal person.

Making the debate simple the liability of company registered as Private Limited Company has the liability up to its capital and no personal asset of Directors or Shareholders shall be involved in any case.

Therefore company registration as Private Limited Company is very important step towards minimizing your business risks.

2 Minimization of Tax Burden:

Sole proprietor pays taxes on their total income. However business companies that have undertaken the process of company registration as Private Limited Companies pay taxes on their total profits or in other words taxes are calculated by the following formula:

Total Income   minus (-) Total Expenses = Net Profit X Tax Rate = Total Tax Payable

Therefore company registration saves you from paying extra amount of taxes.

3 Positive Impacts and Appeal Enhances towards Customers:

Company Registration creates a really positive image towards your customers. People see companies’ registered properly as serious people interested in doing business rather than un-registered small businesses. Loans from Banks and advantages of business visa to foreign countries are also two of the most appealing benefits to make your business undergo the process of company registration.

 4 Capacity Building for bigger projects:

Company registration opens the doors for you towards bigger projects in the industry. Individual efforts do not enjoy the same level of trust and qualified professionals are also reluctant to move towards un-registered businesses. Company registration opens the new doors of business and financing from the financial institutions of the country.

5 Double Advantages:

Company registration proves really fruitful to directors in multiple ways. On one side they receive remuneration as directors and on the other hands they are paid dividends as shareholders if the company makes profits.

6 Name Reservations:

Company registration gives you a unique name that can only be used by you across the country and therefore provided you with the chance of developing a brand name and in return Goodwill for that name.

 7 Enhancement of Managerial skills:

The secret of being a successful businessman is to have command over the blend of managerial and financial skills both. Only Company registration offers you the opportunity to apply both of these skills to together to develop yourself into successful businessman.

8 Winding up and Transfer of Company is quite easy:

Company registration provides you the chance to easily get away from business if you intend to. The shareholding to Private Limited Company can easily be transferred to other shareholders on ongoing concern. This easy change of transfer of ownership can only be achieved by company registration.

If you have any further question in mind please read our Frequently ask questions of company registration. 


About Us

ITNA Consultants today’s one of the leading name in Accounting, Corporate and Income Tax Consultancy was establised with the aim of not only filling the huge vaccume of a cost effective and professional consultancy firm in Pakistan but to establish a knowledge center and guiding hand where people could find everyday solutions to their solutions.

Established less then a year ago the firm has travelled far distances in gaining confidence of our clients and the fact that an organisation establised less then year ago now has representatives across Pakistan as well as establishment of offices in Afghanistan clrearly shows that we have been sincere to our work which is reflected in the growth of our organisation.

Our hardwork has paid off and we have a grwoth of more then 200% per annum which is quite satisfying for the ITNA Family. Our experts are continuosly working hard to boraden the range of services and we are quite confident that our customise accounting software as well as Construction Companies Managment Software system will be released very shortly as we enter into the fina phase of development.

We therefore believe that as client you should provide oppotunity to our youg and dynamic team to introduce to you the new level of services and consultancy in the field of Accounting, Income Tax and Corporate Matters.


Current Opportunities:

Free Lancer Accounting Officers:

ITNA Consultants Require Accounting Officers from all cities of Pakistan. The ideal candidates should have atleast Masters Degree in Accounting and Finance and atleast 3 years of practical experience in the handling accounts matter of Public and Private Sector Companies.

Marketing Officers:

ITNA Consultants Require Marketing Officers from all over Pakistan. Masters Degree and 3 years of practical experience is a must.

Admin Officers:

MBA in Business Administration and atleast 1 years of experience.

How to Apply:

To Apply please send your updated resumes to later then 28th November. After email please like our page on facebook by the name of ITNA Consultants or on the left since the list of short listed candidates, Interview Dates and updates will be posted on our facebook page.

Please like oour facebook page in order to Stay updated about the latest jobs.

Income Tax Services

ITNA Consultants Pakistan is one of the oldest name in company registration services in Pakistan. In the last 5 years ITNA Consultants Pakistan has helped more then 200 new businesses in company registration and Income tax matters. We offer all types of business registration that includes Private Limited Company Registration in Pakistan, Partnership Registration in Pakistan, Sole Propreitor Registration in Pakistan, NGO Registration in Pakistan and other Non Profit organizations registration in Pakistan.

For further details you can contact us for initial advise.

Afghanistan Office

After over more than 4 years of success in the field of Financial and Income Tax Consultancy in Pakistan we extended our services to the country of Afghanistan. Our Team in Afghanistan is led by Mr. Faheem Imitiaz. A highly reputable and recognize name in Afghanistan in the field of financial and Income Tax Consultancy. Our office is situated in the heart of Afghanistan in the city of Kabul.

In very short span of time the range of clients benefiting from our range of services have increased massively. We believe the increase depicts the silence recognition by our clients of the satisfaction of services from our experts. Some of the services our clients are benefiting with are:

1. Financial Advisory

2. BookKeeping

3. Income Tax Advisory

4. Customise Software Development

5. Internal Audit

6. Financial Audit

7. Financial Feasbility of Projects

We believe we have complete solutions with respect to efficient management of your organisation backed by highly professional staff to lead your organisation towards the victory in true sense.

If you require any further information in this regard feel free to contact Mr. Faheem Partner Afghanistan ITNA Consultants. His details can be found at our Contact us Page.

Corporate Services

Our corporate wing is as professional as is the requirement of current dynamic industry of the country. We have incorporated several companies that are now playing the significant role in the economy of the country. In addition we help our clients in all compliance matters relating to Securities and Exchange Commission of Pakistan, so that they can focus of their business and possibility of any unnecessary litigation is avoided. We have established a really strong grip on Companies Ordinance, 1984 (The applicable corporate law of the Pakistan) and other corporate laws of Pakistan. Our strong knowledge is further highlighted by our practical experience in dealing with the practical situations relating to the aforesaid laws.

Therefore we believe that we are now in a position to assure our clients with quality and efficient corporate consultancy services.

Accounting and Audit Consultancy Services

We have the backing of more then 3 Chartered Accountants that have tons of experience in the field of Audit and Accounting Consultancy services. Further in order to establish us a real champions of the industry we have enhanced our liaison with other chartered accountants firm of the Industry so that we continuously keep out selves up to date with the changing trends in accounting and audit industry.

We have proven our experience and skills by serving the best in industry. We have always been rated at the top firms of the industry by leading institutes of the country. Our trained professionals are the Industry leaders in the field of Audit and Assurance.

Accounting Software Development Services

ITNA Consultants is the only consultancy organization with development of complete accounting software in Microsoft Excel suitable and cost effective for small businesses.

In addition ITNA Financials is the efficient accounting software that has gained the trust of hundereds of businesses in the past few years and has the ability to be modified to almost all industry types.