Introduction

If you are thinking of starting a business, Private Company might be a good choice for you. Pvt Ltd company registration in Pakistan has significantly increased. Private Company has a different structure and requirements such as different tax and legal obligations.

According to Securities and Exchange Commission of Pakistan (SECP) , there were more than 27,000 companies incorporated in Pakistan in F.Y. 2022 – 2023.

The Pvt Ltd company registration in Pakistan process can take as little as 3 to 4 days. In this article, we will guide you how you can register private limited company in Pakistan.

What is Private Limited Company?

A private limited company is:

• A company that restricts the right to transfer its shares;
• Has at least two shareholders.
• Prohibits any invitation to the public to subscribe for the shares (if any), debentures, or redeemable capital of the company. 
• Must have a share capital of at least PKR 100,000.

A Private Limited Company in Pakistan get registered in 2 to 3 working days.

Documents required for Pvt Ltd Company Registration in Pakistan:

You will require the following documents for registration of a private limited company in Pakistan:

1.Articles of Association (rules and regulations that govern the company)

2.Memorandum of Association (contains information for company incorporation)

3.CNIC copies of the directors and CEO or copy of passport in case of foreign nationals

If you are planning to set up a specialized business, you will require a NOC or letter of intent from the concerned authority.

If you intend to set up foreign company incorporation, you will be required to provide details of the directors, their nationality, the company profile, a certified copy of the company’s charter, along with a Memorandum of Association and Articles of Association.

The Pvt Ltd company registration in Pakistan incorporation fee is Rs.2200 for online submission if the nominal capital is not more than Rs, 100,000.

Registration of Private Limited Company in Pakistan:

The process for registration of a Pvt Ltd company registration in Pakistan can be done in three steps:

1.Registering the name of a company:

The first step in registration of a Pvt Ltd company registration in Pakistan is registering the company’s name.

Once you have decided on a unique name for your company, you need to create an online account with SECP and check the availability of the name. If the name is available, you can apply for it by following the below mentioned steps:

• Log in to e-services on the SECP website.
• Pakistani nationals need a valid CNIC, and foreign nationals need a valid passport.
• Provide the required information on the online form and submit it.
• Once your user id is created, you can start the process for filing an online application for the name availability of your company. After filling the application form, a challan form of PKR 200 will be created, which can be deposited in the selected branches of MCB or UBL (or the fee can be deposited online via your credit or debit card).
• If there is no prohibited word in the company name, you will receive a confirmation within a day that the company name has been reserved on your credentials. You can check for the prohibited words here.

• You can also apply manually. The offline process takes 3 to 5 days to complete, after which the person will be licensed to use the approved name in official documents for company incorporation.

2.Apply for online registration of private company in Pakistan:

• Once your company’s name is reserved, you can start the process for online registration of your private limited company in Pakistan.
• Login to your SECP user id.
• Open the company incorporation form. Fill in the required information and submit the form.
• Attach relevant documents like CNIC’s of all shareholders, directors and CEO’s, MOA and AOA etc.

3.Fee Payment:

Submit the form and pay the relevant fee.

Once SECP has verified and approved your documents, you will be issued a Certificate of Incorporation, which is a formal and legal approval to commence business in Pakistan. SECP will also send you CTC’s which include true copies of the documents of your company which include Memorandum of Association, Article of Association, Certificate of Incorporation and Form II.

Why choose WR Cooper?

We understand that SECP regulatory compliances can be complicated. We are here to get your pvt ltd registration at fast pace and assist you to navigate these complex regulations.

 

Conclusion:

In this article, we guided you how you can register your company in Pakistan. If you have any problem, we at WR Cooper & Co. can help you regarding pvt ltd company registration in Pakistan. Pvt Ltd company registration in Pakistan can be done in 3 to 4 days.

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