To aid you in registering a company/ partnership deed with JA Legal, some of the rules of how to incorporate a company or register a partnership in Pakistan are discussed below.
|Type of Entity||Minimum No. of Shareholders||Minimum Capital Requirement||Standard Time of Incorporation|
|Private Limited Company||2||PKR 100,000
|Single Member Company||1||PKR 100,000
|Branch Office||No shareholders||N/A||7 weeks|
|No shareholders||N/A||7 weeks|
⦁ Particulars of directors, shareholders, secretary, chief accountant, auditors etc. (e.g. personal details and NICs)
⦁ Copies of the Memorandum and Articles of Association with each member’s signature
⦁ Passport copies (in case of foreign shareholders)
Pakistan is very open to foreign investment and foreign entities setting up companies, offering numerous tax and procedural incentives. Passport copies of foreign shareholders is the only additional requirement for incorporation.
Documents required are:
(i) Full name and colour CNIC copies of partners.
(ii) Full name and colour CNIC copies of witnesses (one witness per partner)
(iii) Electricity bill (commercial meter).
(iv) Rent agreement of office (in commercial area).
(v) Residential addresses of all partners.
Partners and witnesses have to present themselves on one specified day in front of Registrar of Firms (there is no exception to this rule).