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Pakistan Company Incorporation

Updated:2018-4-4 14:34:16    Source:www.tannet-group.comViews:195

Pakistan company incorporation is controlled by the Companies Ordinance Act of 1984. Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia and on junction of West Asia, Central Asia and East Asia. It is the fifth-most populous country. The economy of Pakistan is the 24th largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic product. Pakistan has a high potential to become the world's largest economies in the 21st century.

Pakistan Company Incorporation Types
The Companies Ordinance, 1984 provides three different types of companies:
1. A company limited by shares;
2. A company limited by guarantee;
3. An unlimited liability company.

Companies registered in the aforementioned categories in Pakistan are a single member company, a private limited company, a public limited company which may be listed or unlisted and a foreign company.

Minimum Numbers of Members Needed to Form a Company in Pakistan
1. An unlisted public company must have at least three members/directors;
2. A company listed at the stock exchange must have at least seven members/directors;
3. A private company may have only two members/directors and a single member company can be formed with one chief executive and a secretary.

Required Materials for Incorporating A Private Limited Company (LLC)
1. A filled and formulated Memorandum of Association detailing all the tasks a company will perform;
2. A filled article of association;
3. Digital Signatures from NIFT (Pakistan) for each director;
4. An address for your company in any province of Pakistan;
5. Colored scan copy of the National ID Card (for Pakistan nationals) or passport (for foreign nationals). Each director needs to have passport or NIC.

Steps for Register A Company in Pakistan
1. Availability Of Name;
2. Memorandum of Association;
3. Article of association;
4. Power of Attorney;
5. Documents Submission;
6. NTN/GST Registration;
7. Social Security Institutions;
8. Labor Department Registration.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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