Introduction to PSEB Registration in Pakistan:

Being a country with infinite development potentials, Pakistan has seen many sectors boosting in the past few years. The IT sector, especially, has seen quite a rise in the past decade in Pakistan. If you are an IT-related service provider, you will significantly be benefitted from registering yourself, or your software house with the PSEB (Pakistan Software Export Board).

Pakistan Software Export Board (PSEB) was founded in the year 1955 by the Government of Pakistan. It is a government-owned entity, primarily to promote the information technology industry, to regulate and promote Information and Communication Technology (ICT) sector. PSEB not only grant license to IT businesses but also regulates the affairs pertaining to IT sector development, law reforms and other matters related to ICT. Moreover, the PSEB is now also registering and granting license to Freelancers that render IT related services from or in Pakistan. PSEB also provides PSEB online registration.

Why you should register with PSEB?

PSEB registration in Pakistan comes with various benefits for freelancers, software houses and companies. Some of these benefits are:

• Participation in upcoming IT-related events and exhibitions will be sponsored globally.
• Taking part in local IT events in Pakistan and having the opportunity to meet delegates and investors from outside of Pakistan.
• Obtaining international credentials like CMMI and ISO based on performance and goal accomplishment in the IT sector.
• Assistance with obtaining visas for PSEB members’ employees and investors.
• Promotion of businesses using the PSEB IT site.
• Boost your reputation in the IT market.
• Free seminars on various business segments
• PSEB also help in obtaining investment load for saleable businesses and project related to IT sector.

PSEB Registration for Freelancers:

As we all know that freelancing is growing all across the globe and Pakistan is ranked 4th in the top five countries list for freelancing, software development, and technology. The IT sector has a lot of potential and Pakistan is doing its best to rank among the top Internet Communications and Technology (ICT) outsourcing countries consistently. To promote freelancing, as many people earn money working remotely, the Ministry of Information Technology and Telecommunications has proposed a 10-year tax exemption for freelancers, as well as the PSEB freelancer registration and the removal of double taxation.

Other Benefits for Freelancers:

In addition to the benefits listed above, PSEB registration also offers a number of specific benefits to freelancers, including:

1. Freelancers who are registered with PSEB can enjoy a reduced income tax rate of 10%, as opposed to the standard rate of 20%.
2. PSEB offers a variety of free training and certification programs for freelancers. This can help freelancers to upskill and improve their chances of getting hired.
3. PSEB can connect freelancers with ICT interns who can help with their projects. This can be a great way for freelancers to get help with their work and to mentor young people.
4. Remittance of profits is allowed.
5. PSEB also working with government to introduce health insurances and Life insurances for freelancers
6. Improved Workplace Efficiency
7. PSEB can promote the work of registered freelancers to potential clients. This can help freelancers to get more work and to build their reputation.
8. It also helps in gaining customer feedback and improve customer experience.

For registration of freelancers with PSEB, you can easily follow the below mentioned step-by-step procedure.

Documents required for Freelancer Registration:

The documents required for a freelancer registration with PSEB requires following documents:

• Scanned copies of Personal NTN
• CNIC (Both Sides)
• Personal Bank Account Letter/Certificate

Procedure for PSEB Freelancer Registration in Pakistan:

The first for PSEB registration is to get yourself registered with PSEB. For that, go to PSEB website and click Register/ Login.

After getting yourself registered, login in to your account. After logging in to your account, click Freelancer.

After clicking Freelancer, you will reach the following tab. Click on registration form to get yourself an application form. Fill all the relevant fields and submit the form.

After Submitting the registration form, move on to next steps i.e., fill Key Personal Information. After filling the relevant form, save the form and move on to next steps and so on.

After submitting all the forms and attaching all the relevant documents, submit the form. You will get an initial PSEB approval. After getting the approval, deposit the necessary particular purpose fee (requisite fee), upload the registration charge payment receipt and submit it for final approval.

You will get registered as a Freelancer with PSEB within 2 to 3 days.

PSEB Registration Fee:

• 5,000/- For Startups only (founded within the last one year).
• 10,000/- For companies that were based more than a year.

Freelancer Renewal:

If you have already registered yourself with PSEB as a Freelancer , you can renew your license by following the below mentioned steps:

Required Documents for PSEB Freelancer License renewal:

Scanned copies of:

1. Summary of Export Revenue with proper IT/ITeS code defined by SBP (for export-oriented freelancers).
2. Income Tax Return for preceding year.

Freelancer Renewal Steps:

• Login to PSEB registration.
• Update registration renewal form, upload applicable documents and submit for initial approval.
• After getting initial PSEB approval, deposit requisite fee, upload registration renewal charges payment receipt, surcharge (if any) and submit for final approval.
• Once the registration payment is verified it usually takes about 2-3 working days to process and issue the certificate.

PSEB Call Center Registration & PSEB Software House Registration :

It is optional to register a software house with PSEB. However, every IT company and call centers needs to become a member of the Pakistan Software Export Board (PSEB) in order to receive the exclusive benefits of PSEB membership. Without the PSEB’s registration, call centers in Pakistan are unable to lawfully function. Every principal office and all pertinent branches that interact with the Principal Place are required to register.

Legal action is taken by the PTA and FIA against call centers operating in Pakistan if they are not registered with the PSEB. So, PSEB Call Center Registration has become vital for call center business.

PSEB Registration: Benefits for Software Houses and Call Centers:

Getting your software house registered with PSEB calls for a number of benefits. These include:

• PSEB members, employees, and investors can get visa assistance to enter and work in Pakistan.
• The PSEB IT Portal can be used to promote your business to potential customers and partners around the world.
• PSEB membership can help you enhance your reputation and trustworthiness in the IT market.
• PSEB members are free to repatriate their earnings, which can help attract foreign investment.
• PSEB registration is a legal requirement for all call centers operating in Pakistan.
• In case you are registered with PSEB, 20% discount is being offered for registration of IT company with SECP.
• PSEB organizes informative workshops on various business segments, which can help you stay up-to-date on the latest trends and developments.
• PSEB members can get competitive bandwidth rates to deliver high-quality services.

Documents required for PSEB registration:

Following is the list of documents required for PSEB Company Registration

• Company/Business NTN issued by FBR
• CNIC of all Directors (Company)/ Partners (Firm)/ Proprietor (Proprietorship Business)
• Passport copy of Directors (Company)/ Partners (Firm) (In the case of foreign nationals only)
• Attested copy of Memorandum of Association (for SECP registered companies only)
• Attested copy of Articles of Association (for SECP registered companies only)
• Attested copy of Form-II (SECP registered Companies only)
• Attested copy of Form 29 (for SECP registered companies only)
• Attested copy of Incorporation certificate (for SECP registered companies only)
• Attested copy of Partnership deed (for Partnership based firms)
• Attested copy of Firm registration certificate Form-C (for registered firms)
• Business Bank Statement of the last six months or Business Bank Account Maintenance Letter/Certificate (for new companies)

SECP Company Registration Steps:

Step-1: Name Reservation

In order to reserve a name for a company, the first step is to select a name that is distinct from all other company names.

Step-2: Preparation of Documents

The preparation of corporate legal papers is the second stage of business registration. These include: 

• Memorandum of Association
• Articles of Association
• Forms

Step-3: Fees and Certificate of Incorporation

The final step is to deposit the fee, which can be done at specific UBL and MCB branches. If SECP officials deem the company’s legal documentation to be satisfactory, an incorporation certificate is subsequently granted. If an SECP officer makes an observation, it must be disregarded.

You can follow the complete procedure of Company Registration with SECP in Pakistan here.

PSEB Company Registration Process:

The first for PSEB registration is to get yourself registered with PSEB. For that, go to PSEB website and click Register/ Login.

After getting yourself registered, login in to your account. After logging in to your account, click company or call center as per your requirement.

After clicking your desired field, you will reach the following tab. Click on registration form to get yourself an application form. Fill all the relevant fields and submit the form.

After Submitting the registration form, move on to next steps i.e., fill Key Personal Information. After filling the relevant form, save the form and move on to next steps and so on.

After submitting all the forms and attaching all the relevant documents, submit the form. You will get an initial PSEB approval. After getting the approval, deposit the necessary particular purpose fee (requisite fee), upload the registration charge payment receipt and submit it for final approval.

You will get your company registered with PSEB within 2 to 3 days.

Why choose WR Cooper?

We understand that registration process can be complicated. We are here to get your work done at fast pace and assist you to navigate these complex processes.

 

Conclusion:

After reading this article, you will be able to do PSEB Registration by yourself. You will be able to do PSEB Registration for Freelancers, PSEB Call Center Registration, PSEB Software Houses Registration, PSEB Company Registration, PSEB call center registration renewal form. This article guides you step by step. If you need further help, you can contact us by clicking on the WhatsApp icon.