The regulatory body for taxes in Pakistan is the Federal Board of Revenue, a department of the Ministry of Finance in Pakistan. The main charges companies are subject to corporate income tax and sales tax. In Pakistan, the Sales Tax is a form of the Value-Added Tax. The Sales Tax Act, 1990 regulate sales tax on goods. Provincial tax laws govern the sales tax. The Income Tax Ordinance, 2001 governs the income tax in Pakistan. Income tax differs for types of legal…
The Danish Pakistani Business Council arranged a meeting between the educated youth of Pakistani descents in Denmark and H.E. Ambassador Ahmad Farooq & Madam Aisha.Among others lawyers, doctors and pharmacists were represented, hoping to establish a closer relationship between the attendees.As such the DPBC has built a bridge between them and has made the foundation of a greater network for the Ambassador of Pakistan and the local Danish youth of Pakistani descents. Ambassador Ahmad Farooq expressed his joy over the future cooperation with the 2nd…
Alternatives to Company registration in Pakistan Branch Office A branch office is a suitable alternative to company registration if your company wants to have a presence in Pakistan without setting up a separate legal entity. Branches carrying out a contract in Pakistan can be established. However, a branch office cannot take part in any commercial or trading activities of whatever nature. Therefore, your activities depend on the contract you signed. The contract restricts your activities. The parent company owns 100% of…
The Step by Step Procedure of Private Limited Liability Company Registration in Pakistan The procedure of registering a public limited company is same as above. However, they may require you to submit more documents. Step 1: Approval of Company Name This is the first step of company registration in Pakistan is choosing the company’s name. It is important to devise a unique company name that would set you apart from the rest in the industry. You must follow the restrictions…
More and more foreign investors recognize Pakistan as a market to invest in. In March 2018, for example, foreign investment in Pakistan increased by USD 152.7. It is expected to grow by 17.2% by 2020. If you are planning to invest in Pakistan, here are the types of legal entities that you can choose from. #1 Private Limited Company Foreign investors can set up fully foreign-owned private limited companies (LLCs) in Pakistan. The minimum number of shareholders needed in order…
Type of Entity Minimum No. of Shareholders Minimum Capital Requirement Standard Time of Incorporation Private Limited Company 2 PKR 100,000(~USD 823) 6 weeks Single Member Company 1 PKR 100,000(~USD 823) 4 weeks Public Listed Company (Listed) 3 200 million(~USD 1.6M) 6 weeks Public Listed Company (Unlisted) 3 PKR 100,000(~USD 823) 6 weeks Branch Office No shareholders N/A 7 weeks Liaison Office/Representative Office No shareholders N/A 7 weeks Allowed Foreign Ownership in Pakistan Unlike many other similar markets, Pakistan is very…
The Step-by-Step Guide to Company Registration in Pakistan There are a lot of reasons why to invest in Pakistan. Some of its prime benefits include low competition, a huge population, and a rapidly growing economy. In this article, you will get an overview of different legal entities that are available for foreign investors. We will also share the step-by-step guide to company registration […] June 29, 2020 There are a lot of reasons why to invest in Pakistan. Some of its…
These were the 10 main reasons why you should consider investing in Pakistan. Just like in any other market, there can always be risks when investing in an emerging market. The risks, however, can be minimized. Even more, you must have well- planned and detailed actions. For instance, as the first step, make sure that you choose the bestmarket entry strategy when entering Pakistan as it is one of the top contributors to your company’s future success. If you need further…
There are challenges like political instability or poor quality of infrastructure which have also kept the competition in Pakistan low. However, Pakistan has a unique combination of a huge and rapidly growing population and economy and government’s active involvement in lowering entry barriers to foreign investors. This does not mean that building a successful company in Pakistan is easy, far from that. Now may just be the golden opportunity to get here before your competitors do.
Unlike many other similar markets, Pakistan is very encouraging towards foreign direct investment (FDI). To attract more FDI, the government has made it easier to start a business here and also offers several investment incentives to foreign investors. Likewise, the government’s efforts are starting to bear fruit as foreign direct investments are slowly booming. Moreover, FDI in Pakistan is expected to grow by 17.2% between 2018-2020.