Consultancy for Registration
NTN registration
NTN is like identity card for a business, it is even needed for corporate and business executives. Every taxpayer should have an NTN number, in Pakistan NTN number can be verified online from the website of Federal Board of Revenue.
NTN is required for business transactions; opening bank account.NTN is also required for filing tax return of individuals and companies. It is required for filing tender notices and bids with government departments and multinational companies.
NTN – Salaried Person
NTN is required for filing of income tax non filer high/increased withholding tax rate is charged on banking transactions, vehicle purchase and vehicle token.
NTN – Business Person
If you are a sole proprietor then only identity that you have is NTN as sole proprietors are not required to be registered with any other regulatory or registration authority. Further NTN is required to open a business account.
It is required for filing tender notices and bids with government departments and multinational companies.
NTN – AOP
Partnership is required to file income tax return to become filer and to avail lower tax rate . We offer NTN Registration services to AOP / partnership firms. Higher withholding tax on business transaction , either supplies and service,
NTN – Company
Company is required to file income tax return, whether operational or non-operational , in any case a company will must file tax return. We offer NTN Registration services to companies. Higher withholding tax on business transaction , either supplies and service,
Sales Tax Registration
Any business involved in activities on which sales tax is applicable are liable to get registered with FBR for sales tax. Sales tax registration is also required to enter bidding or tendering process with a government department or multinational company, even a business is not involved in taxable activities.
- Sales Tax Registration – Business Individuals
Sales tax registration for business individuals is required if any individual is involved in taxable activities. Sales tax registration is also required to enter bidding or tendering process with a government department or multinational company, even a business is not involved in taxable activities.
Required Document for AOP registration for sales tax:
- Copies of CNIC of all Directors / Partners
- NTN of the Company or AOP (If Available)
- Lease Agreement or Ownership Documents
- Paid Electricity Bill of Registered Office
- Letterhead of AOP / Company
- Bank Account Maintenance Certificate
- Sales Tax Registration – AOP/ Partnership Firms
Sales tax registration with FBR is required for AOP is required if AOP is
Involved in taxable activities.
- Sales Tax Registration – Companies
Sales tax registration with FBR is required for company if any company is involved in taxable activities.
Sales tax registration with FBR is required for a company is required if company is involved in taxable activities.
Provincial Sales Taxation
After the 18th constitutional amendment in Constitution of Islamic Republic of Pakistan collection of sales tax on services came under the domain of provinces, latter provincial revenue authorities / boards were constituted in provinces.
Now the service providers are required to be registered with relevant provincial revenue authority in the jurisdiction of which services are rendered. If a business providing services in two or more province then registration with all relevant provincial revenue
- Punjab Revenue Authority (PRA)
- Registration with Punjab Revenue Authority (PRA)
- Filing of Monthly Sales Tax Return
- Consultancy regarding provincial sales tax rates, changes in provincial laws and related matters
- KPK Revenue Authority (KPRA)
- Registration with KPK Revenue Authority (KPRA)
- Filing of Monthly Sales Tax Return
- Consultancy regarding provincial sales tax rates, changes in provincial laws and related matters
- Sindh Revenue Board (SRB)
- Registration with Sindh Revenue Board
- Filing of Monthly Sales Tax Return
- Consultancy regarding provincial sales tax rates, changes in provincial laws and related matters
- Balochistan Revenue Authority (BRA)
- Registration with Balochishtan Revenue Authority
- Filing of Monthly Sales Tax Return
- Consultancy regarding provincial sales tax rates, changes in provincial laws and related matters
- Islamabad Capital Territory
- Registration under Islamabad Sales Tax on Services Ordinance,2000
- Filing of Monthly Sales Tax Return
- Consultancy regarding provincial sales tax rates, changes in provincial laws and related matters
WeBOC Registration
WEBOC stands for Web Based One Customs developed by FBR to facilitate importers and exporters. It is a web based system for filing Goods Declarations (GD) for import and export cargo., which can be used by both Importers, Exporters and their Customs Clearing Agents. At this point, WEBOC is necessary to carry out the business of import and export or both.
Our Services relating to WeBOC registration are as follows:
- Support and guidance for registration
- Documentation for registration
- Fee deposit
- Filing of registration form
Company Registration
- Single Member Company
Now minimum number of director required to establish a company has reduced to one director. Hence an individual can form a company and enjoy the advantage of limited liability without joining hands with anyone and without sharing profit and ownership of the corporate entity. Through the enforcement SMC Rules, 2003 the concept of single member company was introduced in Pakistan. Before the commencement of Single Member Companies Rules, 2003, a single individual was not allowed to solely establish a business in a company form. Sole proprietorship is ancient form of business organization. It is as old as civilization. Most of businesses around us are managed, owned and controlled by single individuals
- Private Limited Company
Two or more persons can form a private limited company , being a corporate entity chance to gain the confidence of customers, supplier and other stakeholders increase significantly
We offer service of registration of Private Limited Company; we have formulated uncountable companies in a very short period.
- Private Limited Company with Foreign Director
A foreigner desirous to invest in Pakistan cannot form a single member company; hence the option of forming a private company with a Pakistani national is a good option. As minimum as one share is required to become director in a private limited company, so by sharing only one share with a Pakistani national a foreigner can invest in Pakistan.
- Public Limited Company
Three or more than three person desirous to form a company to offer shares to general public may form a public company. Although a public company has to fulfill much legal formalities but a public company can offer its share to general public. Minimum three directors are required to form unlisted company, an unlisted company can offer shares to general public on its counter, but shares cannot be traded in stock market.
Minimum seven directors are required to form listed company, a listed company can offer shares to general public and shares can be traded in stock market.
- Public Company with Foreign Director
Foreign national or foreign company desirous to invest in Pakistan can also become part of a public company, instead of registering as a foreign company . Collaboration with a foreign company enhances the local investors’ confidence on the company. Incorporation cost and time of registration being a Pakistani public company is much lesser than registering as a foreign company.
Further all advantages of public companies can be obtained by the foreign investors by this way.
