Establishing a Private Limited Company (Pvt. Ltd.) in Pakistan is a preferred choice for entrepreneurs and businesses due to its limited liability protection, structured governance, and credibility in the market. ASCO Tax Consultants is here to guide you through the registration process, ensuring compliance with legal requirements and seamless company incorporation.

What is a Private Limited Company?

A Private Limited Company (Pvt. Ltd.) is a corporate entity registered under the Companies Act, 2017 and regulated by the Securities and Exchange Commission of Pakistan (SECP). It is a separate legal entity where shareholders’ liability is limited to their share capital, making it a secure and credible business structure.

Key Features of a Private Limited Company

• Limited Liability Protection: Shareholders are not personally liable for company debts beyond their invested capital.
• Legal Entity Status: The company has its own legal identity separate from its owners.
• Credibility & Trustworthiness: Enhances reputation for business transactions, contracts, and fundraising.
• Perpetual Succession: The company continues to exist regardless of changes in ownership.
• Tax Benefits & Compliance: Subject to corporate tax benefits and structured financial management.

Documents Required for Registration

To register a Private Limited Company, the following documents are required:

1. Proposed Company Name (must comply with SECP naming regulations).
2. Memorandum & Articles of Association (MOA & AOA) (defining company objectives and governance).
3. CNICs or Passports of Directors & Shareholders.
4. Registered Office Address.
5. Declaration of Compliance (Form 29 & Form 21).
6. Nomination of Chief Executive Officer (CEO).
7. SECP Fee Payment Receipt.
8. Taxpayer Registration Number (TRN) Application (if applicable).

Step-by-Step Registration Process

Step 1: Name Reservation

• Apply online via the SECP eServices Portal.
• The name must be unique and comply with SECP guidelines.
• Upon approval, the name is reserved for 60 days.

Step 2: Preparation of Documents

• Draft Memorandum & Articles of Association (MOA & AOA).
• Gather CNIC copies of directors/shareholders.
• Obtain a digital signature from the National Institutional Facilitation Technologies (NIFT).

Step 3: Online Registration with SECP

• Submit the incorporation application through the SECP eServices Portal.
• Pay the government fees online.
• Obtain incorporation certificate within 5-7 working days.

Step 4: NTN & Sales Tax Registration

• Register the company with Federal Board of Revenue (FBR) for NTN.
• If applicable, apply for Sales Tax Registration (STRN).

Step 5: Bank Account Opening

• Open a corporate bank account in the company’s name.
• Deposit the initial capital as per company requirements.

Step 6: Compliance & Business Operations

• Maintain proper bookkeeping and file annual returns with SECP.
• Obtain necessary licenses and approvals based on business nature.
• Adhere to tax filing and other regulatory obligations.

Cost & Processing Time

• Government Fees: Approx. PKR 2,000 – 5,000, depending on capital.
• Professional Fees: Varies based on consultancy services.
• Processing Time: 5-10 working days for complete registration.

Benefits of Registering a Private Limited Company

✅ Limited Liability Protection for shareholders.

✅ Access to Business Loans & Investments.

✅ Better Credibility & Market Recognition.

✅ Smooth Transfer of Ownership.

✅ Legal Protection & Compliance Advantages.

Why Choose ASCO Tax Consultants?

At ASCO Tax Consultants, we provide expert guidance for seamless Private Limited Company Registration in Pakistan. Our services include:

• Company Name Reservation & Registration.
• MOA & AOA Drafting & Submission.
• NTN & Tax Compliance Assistance.
• Post-Incorporation Compliance Support.

Get Started Today!

Contact ASCO Tax Consultants for a hassle-free Private Limited Company registration process in Pakistan. Our expert team ensures timely registration and compliance so you can focus on growing your business.