How to Start Business in Pakistan

You are starting your carieer or thinking to start new and wondering How to start business in Pakistan? This is the right Place for you. we will exactly discuss how to start your business in Pakistan. Pakistan is a market of over 230 Million people and it has a very big potential of business in it. Pakistan is a land of possibilities. There are numerous enterprises that may be launched in this country, and with the correct tools and knowledge, you can be well on your way to entrepreneurship success!

We will supply you with all of the necessary information to start a business in Pakistan in this guide. So, whether you’re a seasoned entrepreneur or just getting started, keep reading to learn everything you need to know about starting a business in Pakistan!

In order to start working legally you need to register your business with SECP (Securities and Exchange Commission of Pakistan). but forst you need to know about company types. There are mainly 3 types of companies in SECP

Types of Companies

1. Public limited – Any three or more people who wish to associate for lawful purposes may do so by signing a Memorandum of Association and complying with the provisions of the Companies Act 2017 makes the Public Limited Company.
2. Private Limited Company – Any two or more people who wish to associate for lawful purposes may do so by signing a Memorandum of Association and complying with the provisions of the Companies Act 2017 makes the Private Limited Company
3. Single Member Compnay – if only one member forms a company it is called single member company.

Open SECP Account

Once you have finalized the company type. open account on SECP eservices portal. below video will help you for oepning an online account with SECP. You have to register yourself with the SECP first. This video exactly do that

You have to signup to the portal fill up all our personal information as provided in the video and save your username and password.

Enter Company Detials in SECP Portal

Next step is enter company detials in your SECP account. Documents you need to open account are

1. CNIC of all partners
2. Company Address

Login to your account and enter all the company details. book your company name. below video will guide you step by step. it will guide you with full process in more convineint way

Once you have entered the company details and booked your company name. it is time to go to next step

Upload all required Documents

The Documents samples for company registration can be found on SECP webiste here. You have to download the respective documents. and fill it and and Submit via the SECP Portal.

Once all the documents have been submitted it will take around 4 working hours to complete. below are some useful links for documents mentioned in video