Business Registration in Pakistan

Before starting any business required registration and mostly newbies lost their energy and passion during this hectic process. For this reason, OLY Consultant came into the market with a new concept of Corporate Business Shop. CBS is a concept to assist business community in establishing their own business across Pakistan.

There are different kinds of business in terms of ownership, legal status etc. In this article our focus on three basic kinds of business.

  • Sole Proprietorship
  • Partnership
  • Corporation

Single Member Business

For registration as a sole proprietor, any individual required Pakistani National Tax Number which is in short called NTN. To acquire NTN, following documents are required:

  • Rent Agreement
  • Electricity Bill
  • Letterhead

This process will take 24 hours at max and the method which follow to get NTN is online.

Multi Person Business

Second kind of business is Partnership which is also called Association of Persons. It can be registered or unregistered. If two or more persons decided to start any business without registering a company, they establish Partnership.

For Registered Partnership following documents are required:

  • CNIC of all members
  • CNIC of Witness
  • Partnership Deed
  • Form 1
  • Affidavit
  • Electricity Bill
  • Letterhead
  • Rent Agreement
Company Registration in Pakistan

Incorporation Certificate

Corporation

There are three different options available in terms of company registration in Pakistan.

  • Single Member Company
  • Private Limited Company
  • Public Limited Company

Commencement of any business required registration with authorized authorities. In case of Pakistan, SECP is the regulator of Companies incorporation.

Company Type Minimum Number of Directors
SMC-PVT Ltd. 1
PVT Ltd. 2
Ltd. 3