It’s Easy to Do It Yourself
In Pakistan, many people come across things in a daily routine where they believe it’s a difficult task to do and only the people who have know-how in the field could do it. Due to this belief, they fell into the hands of culprits who get their work done in a given time and charge them the money which is unethical and unreasonable.
One of the tasks today to elaborate is to register the business or company in Pakistan. I will explain how easy it is to get your business or company registered in Pakistan without spending much money. Even educated people refrain from doing these kinds of tasks which involves some government organization. Touts like; Lawyers and service providers mislead their clients and charge them to get their business register for 10,000 to 20,000 Rupees or even more. However, it’s not a big amount for the people who are going to start or already started the business and wish to get it registered on time. But when you will go through the procedure then you will know it’s totally unfair to charge that much money while it could be done for a lot less. It is true that “Time Is Money” even calculating the time spent to do this task doesn’t even justify the amount charged by some service providers.
NOTE: GUIDE IS FOR REGISTERING AS A SOLE PROPRIETOR ONLY (SINGLE PERSON BUSINESS) FOR A COMPANY YOU HAVE TO FOLLOW THE LATER GUIDE
Choose The Business Name
You must choose the business name and make a visiting Card, Letterhead and Stamp for that business name.
Get Your Business Name Registered
You may do this step first of all or even after NTN registration;
Go to the SECP website to register Business name:
- Signup and Log on to eServices Portal
- Select Fast Track Registration Services if you want urgent processing
- Enter data in the online form
- Submit the process.
- Take Print out of the Fee Challan of PKR 200/- or PKR 700/- for FTRS and deposit in the selected branch of MCB bank or UBL, or make payment through credit card.
Register NTN Number On FBR Website
After selecting the name the thing you will have to do is to register for NTN number for your business or company. To do this you will visit the FBR website and go for e-registration https://e.fbr.gov.pk/registration/NewRegistration.aspx
For e-registration you must have the following things;
- Original CNIC;
- Cell phone with SIM registered against his own CNIC;
iii. Personal Email address belonging to him;
- Original certificate of maintenance of personal bank account in his own name;
- Original evidence of tenancy/ownership of the business premises, if having a business;
- Original paid utility bill of business premises not older than 3 months, if having a business.
After e-registration, you will get an email with username and password through which you will be able to log in and complete e-enrollment. You must declare the Business name as mentioned on Letterhead while filling the form.
Your business name on NTN number form and your bank account title must be the same.
That’s it. You are registered as a Single owner of the business
How To Register A Company Or Corporation Having Two or More Partners/Owners
For registering a company the process is more or less the same but it has more documentation involved e.g. memorandum of association, memorandum of articles, partnership deed, NTN registration for the company as well as a managing director, etc.
To Register A Company /Corporation Having Two or More Partners Please Visit SECP guide
Register The Business Name First
You will first need to register the business name, you can either do it online or offline whatever is convenient for you. To do the process online you will visit the eservices portal and search for the company name you have selected. Make sure to select the option including an exact string for search. If there is no name already registered the search will return no results and you are good to go with that name. To register the name afterward, make an account on eservices by signing up and register to follow the process to register the name,
Online Fast track application will cost Rs. 700/- and the normal application will cost Rs. 200/-. This is just for business name registration. For company incorporation/registration fees are different you can calculate the fees using the Online Calculator. Normally for a small company, the fees are Rs. 1000/- and Rs. 2000/- for Online and offline applications respectively.
Get Certificate Of Incorporation
This can be done by both online and offline mode, After making an account on eservices website you will be able to fill out the forms and submit required documents online for incorporation. For further details please visit
Get The NTN number and Sales Tax Number
There is a complete guide with step by step instruction for registering NTN on the FBR website, follow these instructions to complete the process.
But You cannot apply for NTN online if you are registering for the company, you need to visit your nearest RTO office to do that.
What Documents Needed For Registration
Here you can see exactly what documents are required for NTN and Sales Tax registration. Visit the link for more information
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