SETUP COMPANYHow to SetUp Company in Punjab,

Pakistan

THE FIRST STEP

• The sponsors or the owners of the company have to reserve a company name online via SECP

• The Securities Exchange Commission Pakistan (SECP) e-services portal

• https://eservices.secp.gov.pk/eServices/Company

• Name Reservation – e-service

• www.secp.gov.pk/eServices/guidename_reserve.asp

• Then they make a payment against the name reserved.

AND...

• After this the sponsors or the owners of the company have to obtain a digital signature from NIFT and then complete the registration form on SECP's e-portal.

• http://www.secp.gov.pk/eservices/digital_certs.asp

STEP 2

ONCE COMPANY NAME IS OBTAINED, THEN

• The firm obtains a National Tax Number (NTN) from the FBR.

• It also has to apply for sales tax registration at Federal Board of Revenue (FBR)

• http://www.fbr.gov.pk/FBR

• NTN Registration

• Online Registration Portal

• https://e.fbr.gov.pk

SHORTCUT (YOU WILL THANK ME

LATER)

SHORTCUT TO REGISTRATION WITH

SECP, FBR & EOBI

• The Securities and Exchange Commission of Pakistan (SECP), Federal Board of Revenue (FBR) and Employees Old-age Benefits Institution (EOBI) signed a Memorandum of Understanding to establish virtual One-Stop Shop (VOSS) to facilitate entrepreneurs and investors to get online registrations of SECP/FBR/EOBI. 

• VOSS Link below

• https://voss.gov.pk/Forms/frmLogin

STEP 3

• Outside of FBR, the firm also has

• To register for Professional Tax with Excise & Taxation Department, Government of Punjab.

• Excise & Taxation Department, Government of Punjab.

• http://excise-punjab.gov.pk/Professional Tax

• http://excise-punjab.gov.pk/professional-tax.htmlExcise

• Toll Free Number 0800-8786 (It Works)

STEP THREE & A HALF

• The new firms also has to register with the Punjab Employees Social Security Institution (PESSI), Employees Old Age Benefits Institution (EOBI), Labour Department, Government of Punjab, and the Punjab Revenue Authority. 

• The Punjab Employees Social Security Institution (PESSI),

• http://www.pessi.gop.pk

• Old Age Benefits Institution (EOBI)

• http://www.eobi.gov.pk/Labour

• Labour Department, Government of Punjab,

• https://www.punjab.gov.pk/provincialdepartments_labour

• Punjab Revenue Authority (PRA) (Very Hot Now a days) 

• https://pra.punjab.gov.pk/

HOW MUCH YOU SHOULD PAY?

THIS IS A GUESSTIMATE• How does this translate into costs and the time spent in

the incorporation process?

• According to Lahore Chamber of Commerce (LCCI)'s research, even fast track processing of registering a company in Pakistan costs

• Rs44,000 in person and

• Rs23,200 online.

• (plus what you pay to the Consultant)

• www.pakcustomers.com (Williams Consulting - Pakistan)