REGISTRATION OF YOUR FOREIGN COMPANY IN PAKISTAN
Every foreign company which establishes a place of business in Pakistan has to deliver the requisite documents to the registrar concerned within 30 days of establishment of a place of business in Pakistan.
OBTAIN PERMISSION FROM BOARD OF INVESTMENT (BOI)
A foreign company is first mandatory to get a permission letter from the Government of Pakistan (BOI). This permission letter contains specific validity period for opening and maintaining of place of business in Pakistan. Copy of such permission letter is required to be provided with the documents meant for registration.
Under the provisions of the Companies Ordinance, 1984 as prescribed under the Companies Rules, 1985, a foreign company is required to file the following documents within thirty days of establishing a place of business in Pakistan, to the registrar concerned:
STEPS INVOLVED IN FOREIGN COMPANY REGISTRATION IN PAKISTAN
Approval of the ministries (which regulate their respective functions) Functions of Different Ministries noted against each category of the following specified nature of companies is required before incorporation of such companies.
Liaison Office of foreign Company in Pakistan:
The request for opening of Branch office or Liaison Office is processed and finalized within 6-8 weeks’ time, provided that the company fulfills all requirements and concerned quarters have no objection. The permission is issued for a period of 3-5 years, further renewable on submission of performance report with regard to Liaison Office and up to the completion of valid contract/agreement period in case of Branch Office.
Liaison Office is established by a foreign company for promotion of products(s), provision of technical advice & assistance, exploring the possibility of Joint Collaboration and export promotion. However, they cannot undertake any commercial / trading activities.
Branch Office of foreign Company in Pakistan:
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.
A foreign company is required to seek “Availability of Name” of proposed company from Securities and Exchange Commission of Pakistan (SECP).
The proposed name should not be:
DOCUMENTS REQUIRED FOR FOREIGN COMPANY REGISTRATION
Send application in prescribed form and send along with six sets of following documents:
Board of Investment (BOI) examines the documents and circulate the request to all concerned quarters for their views / comments after the receiving the complete documents.
Board of Investment (BOI) grants permission to foreign company to open their Branch / Liaison office in Pakistan after the clearance from all concerned agencies.
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