Partnership firm.
A partnership firm can be established by executing a partnership deed on a stamp paper of Rs.500/- and getting the same Notarized by Public Magistrate. The Partnership Act, 1932 is the legal framework for partnership firms and a firm may og may not be registered with the Registrar og Firms.
Meeting between President Sialkot Chamber of Commers & Industry With Vice Chairman Syed Munawar Hussain
Setting up a Business in Pakistan.
Sole Proprietorship An individual may set up the business as sole business proprietorship without any registration expcept with tax authorities.
Facilitation regarding opening of offices and employment of workers.
BOI also processes work visa cases of expatriates under the liberalized Visa Policy of Pakistan. According to this policy, company duly incorporated or registered in Pakistan can apply for the work visa of its foreign national worker for a period up to 2 years which is renewable till the time the service of the expatriate are required by the company for similar duration (1-2 years). Board of Investment also grants permission to foreign companies to setup their Branch Offices and…
Investment Climate!
Investment Policy-2013 and FDI Strategy 2013-17 focus on curtaling the cost of doing bussiness to enchance Pakistan´s international competiveness in attracting, starting and long-term continuation of bussiness, industrial, and financial operations, cutting down the red tape, procedures and processes. It proposees liberalization of economy with emphasis on investors facilitation, investment protection, removing regulatory impediments, public-private partnership and coordination amongst stakeholders. It also covers the idea of linking trade industrial and monetary policies for greater convergence and to facilitate market entry…
Highlights of Investment Policy, 2013!
i. Equal treatment to local and foreing investors. ii. All economic sectors open to FDI expect a few specified industries like arms and ammunition, explosives, radioacticve substances, security printing, currency and mint. iii. Foreign equity up to 100% is allowed without any minimum requirement of investment. iv. Remittances of royality, technical and franchise fee, dividens, capital and prifits are allowed. v. Foreign Investments is fully protected by following Acts: i. Private Investment (Promotion & Protection)Act, 1976 ii. Protection of Economic…
Focus of Investment Regime in Pakistan
The first Investment Policy was framed by BOI in 1997 which opened all economic sectors including infrastructure, social, and services for forein investment. Keeping in view the importance of investment for economic growth and fast economic globalization trends around the world, Investment Policy 2013 was formulated to further improve the investment climate in the country. Main objectives of Investment Policy 2013 are given below: i. Reducing the cost and processes of doing business ii. Providing ease of doing business with…
Mandate of BOI
BOI is an intermediary of the GOVERMENT of Pakistan (GoP) between the public and the private sectors. Its mandate encompasses (a) policy reforms to frame and update business friendly policies and regulatory reforms; (b) Investment Promotion to identify and highlight promissing opportunities/projects; (c) Investment Faciliation at alle the stages of the investment cycle and also provide guidance, authentic information, coordination, resulution of difficulties and security clearence for work visas and opening of liason/branch offices; (d) To build investors` confidence, introduce…
Board of Investment (BOI) as Investment Facilitating Agency!
Board og Investment (BOI) being the premier body is mandated to promote, encourage and faciliate both local and foreing investments in the country. BOI acts as a focal point to assist investors and provides them all necessary infomation and assistance for speedy materialization of their projects. The BOI Board is headed by the honourable Prime Minister of Pakistan.