Sole Proprietorship Registration

Sole Proprietorship

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.

After doing registration, you will receive the registration documents from the department. So, after that, the next step will be NTN It will help you in opening a bank account.
After registration, you may require 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.

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

What Are The Requirements For Sole Proprietorship?



Proposed Business Name



NTN



Office Address



Principle line of Business

Duration For Sole Proprietorship

Sole Proprietorship

24 hours

Do I need a GST?

If your business

Has a turnover of more than 10 million
Utility bills exceed 8 lac
Has different branches
Is in a shopping mall

If you are a

Trader
Wholesaler/Distributor
Dealer
A service provider (courier, hotel, shipping, etc)

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.

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.