What is sole proprietorship?
A “sole proprietorship” is a form of doing business where one person owns and runs a corporation under a distinct label, hence this class of operation is the most widespread in Pakistan. It's because sole proprietorship is more even effortless to form, few legal formalities, low expense rather than a company.
What Are The Requirements For Sole Proprietorship?
Proposed Business Name
Principle line of Business
Duration For Sole Proprietorship
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
If your business
A service provider (courier, hotel, shipping, etc)
Has a turnover of more than 10 million
Utility bills exceed 8 lac
Has different branches
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.
Is in a shopping mall
Do I need to do PSEB Registration?
If you have a
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 have a business-related to engineering, 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. Also, if you want to apply for a business visa, so you have to get it.
Do I need Weboc registration?
If you want to do import/export business, then you must need weboc registration. Otherwise, you can not run your business.
For more information about Private Limited Companies, 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 Sole Proprietorship, 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.
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