09Jun 2017
Personal NTN

How to Obtain Personal National Tax Number (NTN) National Tax Number and Its Need NTN is necessary for both salaried and business individuals .NTN is required for filing of income tax, being a non filer you attract high/increased withholding tax rate on banking transactions, vehicle purchase, property transactions and vehicle token. If salary of a […]

08Jun 2017
Partnership NTN

How to Apply NTN for Partnership/AOP What is National Tax Number (NTN)? National Tax Number is like an identity card of a business it is used to verify the registration of a business with Federal Board of Revenue, the apex tax regulatory authority. NTN is required to open a bank account and to enter in […]

06Jun 2017
GST Registration

How to Apply Sales Tax Registration for Company What is Sales Tax Registration Number (STRN)? Sales Tax Registration Number is a number allocated by the government of Pakistan to a person/AOP /company, involved in any taxable activity, for charging sales tax on products. Sales tax is an indirect tax, so collected from end users by […]

06Jun 2017
How to apply NTN for Company

How to Apply  NTN for Company What is National Tax Number (NTN)? National Tax Number is like an identity card of a business it is used to verify the registration of a business with Federal Board of Revenue, the apex tax regulatory authority. NTN is required to open a bank account and to enter in […]

05Jun 2017
How to Register Trademark

How to Register Trademark in Pakistan  What is Trademark (TM)? A trade mark is a sign that is used to distinguish business’ goods or services from those of other traders. A trade mark can be represented graphically in the form of your company’s logo or a signature. Intellectual Property organization of Pakistan The only government body that governs rules […]

05Jun 2017
Sole Proprietor Business Registration in Pakistan

How to Register Sole Proprietorship in Pakistan Sole proprietorship is ancient form of business organization; it is as old as human civilization. With some merits and demerits, sole proprietorship is easiest to form. Any single person without joining hands with any other person can start a sole proprietorship business in Pakistan. Pakistan is amongst the […]

03Jun 2017
Company Registration in Islambad

How to Register a Company in Islamabad – Pakistan Islamabad is capital of Pakistan; it is among the top ten most beautiful cities of the world. It is the financial and investment hub of Pakistan.Highest per capital income, developed infrastructure, largest population, strategic location and many other factors have and made the city most attractive […]

03Jun 2017

Registered Office for Company Registration in Pakistan Notice of the location/address of the registered office and any of change therein shall be given within twenty-eight days after the date of the incorporation of the company or of the change, as the case may be, to the registrar who shall record the same. It is customary […]

03Jun 2017

How to Change Company Address or Registered Office Relevant provisions: Sections 21, 142 and Section 172 of the Companies Ordinance, 1984 read with Rule 3 & 30 of The Companies (General Provisions and Forms) Rules, 1985 Mode of documents submission: Both online and offline STEP 1 Pass resolution in Board of Directors meeting for change […]

03Jun 2017

Company Registration in Pakistan with Foreign Director A company, being an artificial person, is managed and controlled by the directors of the company. The Directors are the head of a company. They are the supreme authority controlling the managerial and other affairs of the company. They are jointly known as the Board of Directors (BOD) […]

03Jun 2017

  Company Registration in Pakistan Single Member Company and Private Company (Tabular Comparison) A tabular comparison between Single Member Company and Private Limited Company is as under: Description Single Member Company – Only one natural person as shareholder Private Limited Company – Two or more natural persons as shareholders 1. How company name is written in legal […]

01Jun 2017

Single Member Company Registration in Pakistan A Single Member Company (SMC) is a class of private company, limited by shares, which is incorporated with one member. SMC does not invite the public to subscribe for any share of the company. The company does not register any share(s) in the name of two or more persons […]

01Jun 2017

Provident Fund Accounting In provident fund employer and employee contribute a specific amount and at the end of employment accumulated amount, sum of employer and employee contribution, is paid to employee. Suppose total salary (inclusive of all) is Rs.10,500 employee PF contribution:500 Employer’s contribution: 500 Entry will be Salary   10,500————————–Dr. Employer’s contribution  500———Dr. To Provident […]

01Jun 2017

Cash Salary As per income tax ordinance, 1984, salary up-to Rs. 15,000 can be paid in cash. Any amount, for payment of salary, exceeding 15,000 shall must be paid through crossed cheque or direct bank transfer. If a business pays salary in cash to any employee, exceeding the prescribed limit then such expense shall be […]

28May 2017
Green Park - Islamabad

Green Parks are the need of every citizen where he/she spend quality of his/her leisure time. To overcome the pollution and adverse impact on the environment, we should built more green parks in Pakistan especially in Islamabad as its capital of the country. OLY Consultant fulfilling the duty of corporate social responsibility as spreading good […]

18May 2017

Islamabad is capital of Pakistan; it is among the top ten most beautiful cities of the world. It is the financial and investment hub of Pakistan. CEPEC is further increasing the investment opportunities in the city. Both foreign and domestic investment of millions of dollars made every year. Highest per capital income, developed infrastructure, largest […]

14May 2017
Company Registration in Pakistan

How to Register a Company in Pakistan Every entrepreneur has a dream to become a successful business man. Unique characteristics of company form of organization, e.g. perpetual succession, limited liability, separate legal status, transferability of  shares etc, safeguard personal properties of  shareholders or directors and enhance the confidence of all stakeholders on the company . […]

10May 2017
Foreign Direct Investment in Pakistan

Foreign Company Registration in Pakistan A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country (i.e. Pakistan) by an entity based in another country. It is thus distinguished from foreign portfolio investment by a notion of direct control. In foreign portfolio investments an investor merely purchases equities of foreign-based companies. Broadly, foreign direct investment […]

05May 2017
Outsource Accounts

In provident fund employer and employee contribute a specific amount and at the end of employment accumulated amount, sum of employer and employee contribution, is paid to employee. Suppose total salary (inclusive of all ):10,500, employee PF contribution:500 Employer’s contribution: 500 Entry will be Salary A/c  (10,500)———————-Dr. Employer’s contribution A/c 500——Dr. To Provident Fund Payable […]

05May 2017
Outsource Accounts

 Running or growing a business is tough because of burden of administration and accounting cost. A best solution to reduce the accounting cost is to outrace accounting function. Accounting outsourcing requires a business to do work of record maintenance only, which does not require any specialized accounting skill. Ever-changing tax laws have also made it […]

26Jan 2017
Document Attestation from UAE Embassy

Document attestation from the UAE Embassy United Arab Emirates better known as the UAE or just Emirates is a country of 9.2 million. About 78% of population considered immigrants. The estimated amount of Pakistanis are 1.2 million. Majority of foreign workers came to UAE for better income. For this reason, they required attested documents from concerned […]

23Jan 2017
Company Registration Gwadar

With the advancement of technology, distances squeezed and now many things become possible which was considered impossible. One of them is outsourcing of business which emerged as a new sector recently. From Conglomerates to SME’s, majority of successfully companies/businesses are emphasizing on outsourcing of their departments to external vendors. In which one of them is […]

19Jan 2017

Minister of State for Capital Administration and Development Division has told the House that due to violations in the agreement, Grand Hyatt Hotel’s license for construction of a 5-Star Hotel near the Convention Centre has been canceled. Background of the Problem The issue began back in July when the Capital Development Authority (CDA) issued a […]

30Dec 2016

OLY Consultant assist you in registration process of securities and exchange commision of Pakistan. SECP offers two ways to register a company: Online Offline In first pace, you decide which method is more convenient for you. Once you finalized then start the process according to rules and regulations defined by SECP. In online System, you […]

15Dec 2016

SECP offers online/offline name availability option to all participants who want to register company in Pakistan. SECP is Government institution who deals in all corporate matters including company registration. In first step you reserve company name: E.g. KK Consultant (SMC-PVT) Limited. SMC stands for Single Member Company. Now a single person can also be able […]

08Dec 2016

Dear readers, Are you searching a consultant who assist you in completing your documents for registering a company. Then you reached at a right place. Oly consultant is highly reputable and renowned consultancy firm whose clients across the Pakistan. For registering a company from SECP (Securities and Exchange commission of Pakistan), you need a consultant […]

11Nov 2016

Quetta is the capital of the province Balochistan. They are the most populous city in the province too since most of the province is a desert and people mainly nomads. People who are working in UAE or applying for a job in UAE and who also belong to Quetta also needs to get their documents […]

11Nov 2016

There are different documents to be attested by the UAE embassy when you are applying for a visa for a job or other purposes like immigration or studies in UAE. The different documents are varied. They are normally your educational documents such as secondary and higher secondary board certificates (i.e. matriculation and intermediate), degrees, diplomas […]

11Nov 2016

The UAE Embassy doesn’t deal with the individual applicants directly. The reasons are mainly security, overwhelming crowd of people outside the embassy, and to follow the standard procedure to make sure that the security is not comprised. There are three agents who are providing the attestation and other services such as translation, and consultancy when […]