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 for investment. CEPEC is further increasing the investment opportunities in the city. Both foreign and domestic investment of millions of dollars made every year in Pakistan. So much activities are witnessed for Company Registration.
Securities and Exchange Commission of Pakistan (SECP), the apex regulator of corporate sector, have 12 Company Registration Offices (CRO’s) in all over the country. CRO Islamabad is responsible for Company Registration in Islamabad. CRO Islamabad register around 500 to 600 companies every month, it is more than number of companies registered in CRO Karachi and CRO Lahore. This shows high trend of investment in Islamabad which keep activities of Company Registration in Islamabad at peak.
According to World Bank’s Doing Business Report of 2010, Islamabad ranked as best place to start business in Pakistan , That’s why usually new foreign companies prefer to set up their head office in Islamabad. Just for test case we take example of mobile companies out of 5 mobile companies 4 have their head offices in Islamabad.
Information technology is also considered a growing business in Pakistan thousands of IT companies, call centers and software houses are working in Pakistan. The Resource Group is the larges IT company , perhaps among only few companies which are listed in stock exchange, has its office in Islamabad.
Availability of highly qualified work force , skilled labour, connectivity with whole country, well developed infrastructure and ideal law and order situation has made the city most suitable for foreign and domestic investment.
Islamabad’s contribution to the Pakistani economy is huge, as whilst having only 0.6% of the country’s population, it contributes more than 1% to the country’s GDP. Islamabad Stock Exchange, founded in 1989, is Pakistan’s third largest stock exchange after Karachi Stock Exchange and Lahore Stock Exchange. The exchange has 118 members with 104 corporate bodies and 18 individual members. The average daily turnover of the stock exchange is over 1 million shares.
Islamabad is a hub of industrial, commercial, trading and commerce activities. It has many industrial zones,e.g , I-10 industrial area, Rawat industrial zone, thousand of small and large industrial units are working in Islamabad. These industrial units include manufacturer of pharma, food & beverages, textile, cooking oil and ghee. Islamabad dry port is a great addition in the economy of the city which is playing a vital role to boost import and export activities, hundred of firms have got Import / Export license just after inauguration of dry port. That are some major reasons that’s why Company Registration in Islamabad process remains at high level .
Islamabad Chamber of Commerce and Industry is one of the big chamber of the country, thousands of small, medium and larges businesses are attached with the chambers. Chamber facilitate its member in various ways, for instance seminars are arranged to keep updating members regarding changing in various business laws, certificate of origin is issued to members , support to get business visa etc.
Islamabad Capital Territory is divided into eight zones: Administrative Zone, Commercial District, Educational Sector, Industrial Sector, Diplomatic Enclave, Residential Areas, Rural Areas and Green Area. Islamabad city is divided into five major zones: Zone I, Zone II, Zone III, Zone IV, and Zone V. Out of these, Zone IV is the largest in area. Zone I consists mainly of all the developed residential sectors while Zone II consists of the under-developed residential sectors. Each residential sector is identified by a letter of the alphabet and a number, and covers an area of approximately 2 km × 2 km (1 1/4 mi × 1 1/4 mi). The sectors are lettered from A to I, and each sector is divided into four numbered sub-sectors.
Before jumping to the steps of company registration in Islamabad it is quite important for you to understand that in Pakistan companies are registered with Securities and Exchange Commission of Pakistan (SECP) which is the only body granted the powers of company registration and any other city by the Government of Pakistan.
OLY Consultant has been providing services of company registration in Pakistan for many years. Dozens of companies have been got registered by our corporate consultants. We are always here to help you to get registered company from SECP.
We also provide accounts outsourcing, tax services, partnership registration and QuickBooks/PeachTree Implementation Services in Islamabad.
We assist businesses in establishing a strong roots. Therefore choose a right consultant (OLY Consultant).