Foreign Company Registration

What is a Foreign Company

In Pakistan, we do foreign company registration according to the companies act 1984. Concerning the ordinance, any company that is incorporated outside Pakistan is known as a "foreign company."

If you have started your business in Pakistan, then you must deliver the documents to a legal advisor/export within 30 days. Also, if you started a branch, factory, mine, registration office, share transfer, etc then you must register your company.

According to the ordinance of 1984, it is highly preferred to register foreign companies as private limited. But, you can go for any option which you find suitable. However, the registration of a foreign company allows foreign investors to make investments and open offices in Pakistan.

Moreover, a foreign investor can incorporate a company from the two categories, private limited and single-member company. There are certain steps you have to follow to register a company in Pakistan.

Spectrum Consultancy provides leading company registration services throughout Pakistan. We offer all types of company registration starting from a sole proprietorship to private limited, public limited, one person, partnership firm, limited liability, a foreign company, and more. On average, we incorporate a company in 5-10 days. However, it relies upon the type of company, government procession period, and customer documents submission. Despite this, you can set an appointment with our expert legal advisors if you need any type of consultation regarding the one-person company and other businesses.

Who can incorporate a foreign company in Pakistan?

If you are going for a private limited company, a minimum of two directors and two shareholders are required. The members should be over the age of 18 and they should have a foreign entity.

If you have opted for a single-member company, a minimum of one director and shareholder is required. The members should be over the age of 18 and they should have a foreign entity.

What is the incorporation process?

The first step is to check the company name availability. If there is no objection submitted, then your company registration will proceed. Otherwise, you will have to submit the request again. After the name check, you will have to fulfill the requirements of SECP which are mentioned below

Requirements for a foreign company

Company name
Business principle line
Address of business in Pakistan (Form 39)
Name of members with passports (Form 40)
Shareholding details
Board resolution
AOA and MOA
Incorporation certificate
Payment evidence of incorporation fee has to be filed to SECP
Registered mobile number of all members
Form 38[/idea/

Time Duration

It takes usually 10-15 days for registration of a one-person company. But, it greatly relies upon the government processing time and client document submission time.

What to do next?

After doing the company registration, you will receive the registration documents from the department. So, after that, the next step will be Business NTN Registration. It will help you in opening a bank account.
After SECP registration, you need to register your business with some other concerned departments such as taxation departments, food departments, chamber of commerce, custom department, Pakistan software engineering board, Pakistan engineering council, etc. It depends upon your business type. You may contact our experts to get a consultation about your business registration in Pakistan.

How to open a bank account?

After registration of the company, you will proceed for a bank account opening. To open a bank account, you will need a business NTN. You will have to take the NTN and registered documents of the company.

Do I need a GST?

If you are a
Trader
Wholesaler/Distributor
Dealer
A service provider (courier, hotel, shipping, etc)
If your business
Has a turnover of more than 10 million
Utility bills exceed 8 lac
Has different branches
Is in a shopping mall
Then it is mandatory for you to get a GST registration number. Otherwise, it will be a violation of the law. But, you don't have to worry about that. We will provide you complete consultation about business formation. Here is a complete guide of GST.

Do I need to do PSEB Registration?

If you have a
Call center
IT company
so you should do PSEB registration. For call center it is mandatory otherwise you can not operate in Pakistan, But, if you have an IT company then you should also register, so it will allow you to avail the tax exemption. We offer consultation for all kinds of business, so contact us now and we will give you a complete guide.

Do I need to do PEC Registration?

If you are starting an engineering business, then you have to do PEC registration. Otherwise, you can not undertake your work.

Is the Chamber Of Commerce needed?

If you have a business of trading, so the chamber of commerce is mandatory for you.

Do I need Weboc registration?

If you want to do an import/export business, then you must need weboc registration. Otherwise, you can not run your business.
For more information about Foreign Company, such as it's benefits, disadvantages, and history you should read our blog! We are committed to giving you a complete guide and awareness. Starting from company name search to registration, incorporation, and further processes we are always here! If you want to make a Foreign Company, you are just a call away from that. So, take out your phone and dial now: 03222812976 If you want to have a meeting, you can visit our office from noon to 7 PM (Pakistani time)! We are open every day except Sundays. Also, you should know that we won't ever overburden our clients. Spectrum Consultancy is a combination of quality and cheapness.