Name Availability
The first step with regard to incorporation of a company is to
confirm the availability of the name of the proposed company from the
concerned registrar on payment of fees of Rs.100. The
name should not be inappropriate, deceptive or designed to offend the
religious sensibilities of the people, and it should neither be
identical nor have a close resemblance to the name of any existing
company.
For companies that wish to open their branch/liaison or representative offices in Pakistan may apply to Board of Investment (BOI)
at Kandawala Building, M. A. Jinnah Road, Karachi for permission on
prescribed form. 'The BOI will process and decide such cases within a
period of 6 to 8 weeks.
Details on the required documentation, etc. are available at all
offices of the BOI. A specimen of the application for permission to
establish branch/liaison offices by foreign companies is presented in
Annex-XXI.'
Permission for opening of branch/liaison offices will be granted by the BOI for a period of 3 to 5 years.
Further extensions will be granted by the BOI after reviewing and
examining the past performance of foreign companies. Requests for
renewal or extension will be processed by the BOI within two weeks
provided the requests are supported with complete documentation
REQUIRED DOCUMENTS TO INCORPORATE A FOREIGN COMPANY IN PAKISTAN
A foreign company incorporated outside Pakistan, is required to
submit the following documents to the concerned agencies within 30 days
of establishing presence in Pakistan:
- A certified copy of the charter, statute or Memorandum and Articles of the company, in English or Urdu, accompanied by prescribed Form 38.
- Address of the registered or principal office of the company on Form 39.
- A list of Directors, the Chief Executive and Secretaries (if any) of the company on Form 40.
- Particulars of the principal officer of the company in Pakistan on Form 41.
- Particulars of person (s) resident in Pakistan authorized to accept services on behalf of the foreign company on Form 42.
-
Address of the principal place of business in Pakistan of the foreign company on Form 43.
Any change or alteration in particulars stated at serial No. 1 to 6
above is required to be filed on Form 44 with the registrar concerned
within 30 days of such change or alteration.
Foreign company is required to file annually with the registrar concerned its annual accounts in respect of the operations within Pakistan as well as its global accounts
together with the list of Pakistani members and debenture holders and
particulars of places of business of the company in Pakistan within the
prescribed period.
Foreign company is required to give notice on Form 46 to the
registrar concerned at least 30 days before it intends to cease to have a
place of business in Pakistan and to publish a notice of such intention
at least in two daily newspapers circulating in the province or
provinces in which such place or places of business are situate.;
Companies doing business in Pakistan must register with the
Registrar of Companies under the Companies Ordinance, 1984.Securities
& Exchange Commission of Pakistan (SECP) is responsible for this
registration.
LIAISON OFFICES OF FOREIGN FIRMS
'Foreign companies that intend to undertake export activities Pakistan will be registered without families
Permission to companies engaged in contractual obligation of
contracts will be granted on production of valid documents with
circulating to government departments the activities of the foreign
airline companies, Pakistani General Sales Agents and
Courier Companies do not come under the industrial category and
therefore, in order to monitor their operations the government may
continue to grant permission for their liaison office in consultation
with the concerned agencies
Permission for opening a liaison office will be granted by BOI in
consultation with the concerned agencies. A specimen of application form
for permission for Pakistani firms to work as agent for Foreign Firms
is presented in Annex-XX.'
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