There are two ways to registered a foreign company in Pakistan.
- Branch/Liaison Office
- Locally Incorporated company
For opening branch/Liaison office in Pakistan by foreign company required prior approval of Board of Investment.
Branch Office: 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. However they cannot undertake any commercial/trading activities. Remittance of profits etc. is allowed subject to submission of information / documents as required in terms of Para 13 Chapter XIV of the Foreign Exchange Manual of SBP.
The following documents are required:
1. Request letter for closure
2.Activity Report, Proceeds Realization Certificates, and Audited Accounts for the last permitted period
3. Copies of press clippings regarding closure published in two national dailies.
4. Confirmation from tax authorities that all Assessments and dues are clear.
Liaison Office: Liaison Office is established by a foreign company for promotion of product(s), provision of technical advice & assistance, exploring the possibility of joint collaboration and export promotion. However they cannot undertake any commercial/trading activities. There is no remittance facility allowed in liaison office in Pakistan.
Employment of foreign nationals shall be made subject to the prior approval of the Government as per Pakistan policy.
APPLICATION FORM FOR PERMISSION TO ESTABLISH BRANCH / LIAISON OFFICE BY FOREIGN COMPANY IN PAKISTAN
| 1. | Company’s full name alongwith complete foreign address with location which includes telephone/fax numbers, E-mail address and contact person/reference: | ||||
| 2. | Country of Origin: | ||||
| 3. | Present Business/Activities: | ||||
| 4. | Name of the Countries where Branch / Liaison Offices exist already: | ||||
| 5. | Proposed name under which office permission is required in Pakistan: | ||||
| 6. | Location/place where permission is required to establish Liaison/Branch Office in Pakistan | ||||
| 7. | Proposed address in Pakistan also indicate places if more than one: | ||||
| 8. | Intended field of business activities in Pakistan | ||||
| 9. | State if repatriation facilities are required by foreign firm for capital and profits: | ||||
| 10. | State if any Pakistani Co/individual is associated in the Co. with details of Investment (% Share) | ||||
| 11. | Name and address of the agent if any already working in Pakistan: | ||||
| 12. | Period (duration) for which permission is required: | ||||
| 13. | State if proposed Co. is subsidiary of any other principal / Organization: | ||||
| 14. | State No. of Personnel to be employed giving details of foreign/local and their status: | ||||
| 15. | Investment proposed to be made in detail foreign/local and sources: | ||||
| 16. | Annual recurring expenses of office and its source: | ||||
| 17. | State programe to establish investment project in Pakistan if so nature of the same: | ||||
| 18. | Name of Bank in Pakistan: | ||||
| 19. | Any other information which is deemed Appropriate of consideration of request: | ||||
| 20. | Designated person authorized to act on behalf of Company: | ||||
| 21. | Detailed background/History of the company: | ||||
| 22. | Details of the company purpose for opening office in Pakistan: | ||||
| 23. | Company’s local sponsor completer address to include city, telephone/cell/fax number, location, E-mail address, and their CV: | ||||
| 24. | Company’s complete local address which includes location, telephone, cell, fax numbers, email address and the contact/reference person(s): | ||||
| 25. | Details of CEO/Directors of the company including their CVs. | ||||
| 26. | Details of the projects/ventures in other countries. | ||||
| 27. | Details of work/project(s) in Pakistan | ||||
| 28. | Details of Security company which has been or is being hired for security services : | ||||
| (a) | Which Security Company’s does the firm intends to hire/associated with for security of its projects/personnel? | ||||
| (b) | Is the Security company registered with SECP or not? Attached copy of the SECP’s registration. | ||||
| (c) | Is the Security company purely Pakistani based; or:- | ||||
| (i) | Has it hired services of foreign consultants/nationals, in any form or manner? | ||||
| (ii) | Is it a Pakistani chapter/partnership/extension of a foreign security company? If yes, give details. | ||||
For Registration of Foreign Company in Pakistan, Contact us: 0092 321 5943781
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