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A non-UK resident can register a company in the UK by providing a UK registered office address, and having at least one director and shareholder. The process is the same as for UK residents, and foreign nationals can be directors or shareholders without being UK residents. We help out you to assist with the company formation process, as to provide a registered office address and handle the application.
Choose a company name: Ensure the name is available and follows the rules for company names in the UK.
Appoint directors and shareholders: You need at least one director and one shareholder, who can be the same person. These individuals do not need to be UK residents.
Provide a UK registered office address: This must be a physical address in the UK where the company can receive official correspondence.
Decide on share allocation: You will need to allocate shares to the shareholders.
Choose a SIC code: Select a Standard Industrial Classification (SIC) code that describes your company’s business activities.
Submit the incorporation: You can register online by submitting the application form.
Register for Corporation Tax: After formation, your company must register for Corporation Tax with HMRC within three months of starting to trade.
Register for VAT (if necessary): If your company’s taxable turnover exceeds the current threshold (£90,000), you are required to register for VAT.
Bank account: You will need a UK bank account for your business.
Verification: Due to increased transparency and identity verification requirements, be prepared to complete additional steps during the formation process.
Documents and information required for registration: Scanned copy of passport and CNIC along with email and mobile number.
The process of registering a company is not complicated and if the rules set by the government of Pakistan are followed properly then one can easily register a company. The registration process is taken care by Securities and Exchange Commission of Pakistan (SECP). SECP is the only body who has the powers of company registration.
Please review according to your relevant company detail or contact us for details.
A single member company can be defined as a company with only one member as the shareholder. It can be formed as a single member company or may become a single member company following a share transfer whereby the number of shareholders is reduced to one and it will hold all of the shares of the company in their name. The concept of SMC was implemented in Pakistan by the enforcement of Single Member Companies Rules, 2003. The SMC is a type of private company, limited by shares, does not invite the public to subscribe for any share of the company.
Following documents required for the registration of SMC:
A private limited company is a type of privately held small business entity limits owner liability to their shares, limits the number of shareholders and restricts shareholders from publicly trading shares. 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.
The following documents are required to be filed with the registrar concerned for registration of a private limited company:
Any foreigner who is desirous to invest in Pakistan having an 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.
The following documents are required to be filed with the registrar concerned for registration of a private limited company with foreign director:
The public limited company whose securities are traded on a stock exchange like Pakistan Stock Exchange and can be bought and sold by general public. These companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors can determine the true worth of its stock (shares). 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.
The following documents are required to be filed with the registrar concerned for registration of a private limited company:-
Form 28 (Consent of Directors)
Additional Requirements for Incorporation of a Company having Objects of providing Security Services
In case of company intending to provide the services of security guard, nine additional sets of each of the documents at I and II above along with the bio-data, four attested photographs of each subscriber and financial position/bank statement of the subscribers are also required to be provided. Ministry of Interior grants NOC for a security object company.
Documents required for incorporation of an Association not for Profit
All the documents meant for incorporation of a limited company along with a license issued by the SECP. In case of a trade body, a license issued by Ministry of Commerce would also be submitted to the registrar concerned.
License under Section 42 of the Companies Act, 2017
Any three or more persons associated for lawful purpose may by subscribing their names to the memorandum and Articles of association and complying with the requirements of the Companies Act, 2017 and Associations with Charitable and Not for Profit Objects Regulations, 2018 form a company. A not-for-profit association applies its profits or income in promoting its objects only and prohibits the payment of any profits, income, dividend or proceeds to its members. Any such association is required to obtain license under Section 42 of the Act read with regulations 4 and 5 of the Associations with Charitable and Not for Profit Objects Regulations, 2018 before its incorporation as a company.
The license is issued for a period of three (3) years, renewable for further term (s) of three (3) years each. The procedure as well as format of application forms/enclosures for obtaining license and thereafter renewal of the License when due is provided in the Associations with Charitable and Not for Profit Objects Regulations, 2018.
Any foreign national or foreign company desirous to invest in Pakistan can also become a part of 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.
Foreign Companies which are planning to do business in Pakistan but not willing to get registered the company may opt to establish a liaison office or branch office, which 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, branch office cannot indulge in commercial/trading activities.
Liaison Office is established by a foreign company for promotion of products(s), provision of technical advice and assistance, exploring the possibility of joint collaboration and export promotion.
A foreign company may establish its locally incorporated subsidiary with 100% equity. A foreign company can indulge in all activities, there are only few areas, relating to national security, in which a foreign company cannot make investment.
A partnership firm is an organization which is formed with two or more persons to run a business with a view to earn profit. Each member of such a group is known as partner and collectively known as partnership firm. These firms are governed by the Partnership Act, 1932, which deals with all affairs relating to partnership firms like registration of firm, dissolution of firms, retirement and death of partners and auxiliary issues.
Some cases companies also form partnerships. Companies can form a partnership to achieve common objectives through merger and acquisition of resources in pursuit of long. This type of partnership may be termed as joint venture and taxed as AOP.
Following documents required for the registration of firm:
Note: All the papers should be attested from Notary Public.
Limited Liability Partnership (LLP) is a kind of partnership in which some or all partners have limited liabilities and inn Pakistan, the Limited Liability Partnership Act, 2017 was promulgate and later on rules/regulations were formulated for LLP registration in Pakistan. Limited Liability Partnership Regulations, 2018 defines the rules about different matters relating to LLP for example registration procedure, name of LLP, partners, conversion in private company etc.
Following documents required for LLP:
Note: Each LLP must have at least “One Designated Partner” who is mainly responsible for various administrative matters on behalf of the partnership.
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