This blog is written by Mr. Faiz Alam. Please read this blog and provide your valued comments
TYPES OF FOREIGN COMPANIES TO BE REGISTERED IN PAKISTAN
- Branch Office:
Branch Office is established by a foreign company to fulfill its contractual obligations with the public or private sector in Pakistan. Their activity will be restricted to the work mentioned in the agreement/contract signed. However, they cannot undertake any commercial/trading activities.
- Liaison Office:
Liaison Office is established by a foreign company for promotion of product(s), provision of technical advice & assistance, exploring the possibility of joint collaboration and export promotion. However, they cannot undertake any commercial/trading activities.
MANDATORY REGISTRATIONS FOR FOREIGN COMPANIES IN PAKISTAN
It is mandatory for Foreign Companies to registered with the Following Departments in Pakistan:
- Approval from Board of Investment
- Registration with SECP
- Registration with Taxation Authorities
REGISTRATION WITH BOARD OF INVESTMENT:
The following Documents/information shall be filed for registration with BOI;
a) Application Form
b) Business License
c) Copy of Articles and Memorandum of Association
d) Copy of Contract/Agreement in case of Branch Office.
e) Copy of Company Profile.
f) Copy of Resolution/Authority letter of the Company to establish Branch/Liaison Office in Pakistan.
g) Designated person authorized to act on behalf of Company.
h) Any other information which is deemed appropriate for consideration of request.
INCORPORATION WITH SECP:
The following Documents/information shall be submitted for Incorporation with SECP;
a) Business License
b) Charter/Statute
c) Authority Letter/ Board Resolution
d) Company Profile
e) List of Officers of Company
f) Passports of all Officers
All these documents should be authenticated by the signature and seal from: •the embassy of the country where the company is incorporated; or•a notary public of the country where the company is incorporated
Note: The above-mentioned incorporation process shall be submitted via online mode just like the incorporation process of private company.
iii. REGISTRATION WITH TAXATION AUTHORITIES
Registration with Taxation Authorities shall be based on the nature of business/principal line business of the company.
Reference: The Foreign Companies Regulations, 2018
Faiz Alam
October 27, 2020
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