In Pakistan companies are registered with Securities and Exchange Commission of Pakistan. The offices of the commission are located in every major business city of Pakistan.
All types of companies such as Private Limited company, Public Limited company, Non Profit Company and Single member companies are registered with Securities and Exchange Commission of Pakistan.
Similarly records of all the companies are also maintained by the Securities and Exchange Commission of Pakistan. The record of every company such as Memorandum of Association, Articles of Association and other forms required by the Securities and Exchange Commission of Pakistan are the public documents and can be inspected by any person on payment of prescribed fee. The current fee for file inspection is Rs. 500.
Other forms of business such as Sole Proprietor and Partnership firms are not registered with Securities and Exchange Commission of Pakistan. Sole Proprietorship is registered with Federal Board of Revenue whereas the Partnership business is registered with the registrar of firms present in each District.
All three different types of businesses have different legal and tax implications and decision is dependent on the type of business that one is interested in starting.
If you require similar advice for the form of business suitable for your business need you can contact us at firstname.lastname@example.org.
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