2016 Business Recorder Research. How to setup a company in Punjab, Pakistan.

1. SETUP COMPANY
How to SetUp Company in Punjab, Pakistan
1

2. THE FIRST STEP

3. have to reserve a company name online via
SECP
• The Securities Exchange Commission Pakistan
(SECP) e-services portal
• https://eservices.secp.gov.pk/eServices/Compan
y
• Name Reservation – e-service
• www.secp.gov.pk/eServices/guidename_reserve
.asp
• Then they make a payment against the name

4. AND...

5. • 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_ce
rts.asp

6. STEP 2

7. ONCE COMPANY NAME IS
OBTAINED, THEN

8. • 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

9. SHORTCUT
(YOU WILL THANK ME
LATER)

10. SHORTCUT
TO REGISTRATION WITH
SECP, FBR & EOBI

11. • 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

12. STEP 3

13. • 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)

14. STEP THREE & A HALF

15. • 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/

17. HOW MUCH YOU SHOULD
PAY?

18. 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)