Company Incorporation

National Tax Number NTN and Sales Tax Registration No. (STRN)

In Pakistan, the National Tax Number (NTN) is a unique identifier issued by the Federal Board of Revenue (FBR) to individuals and entities for tax purposes. It is mandatory for all taxpayers, including businesses, to obtain an NTN for filing income tax returns and other tax-related activities.

Sales Tax Registration Number (STRN) is required for businesses involved in the sale of goods or services subject to sales tax. The STRN allows businesses to collect and remit sales tax to the government, ensuring compliance with the Sales Tax Act, 1990. Both numbers are essential for legal and financial transparency in Pakistan.

Trademark and Copyright registration

Trademark and copyright registration in Pakistan are distinct processes governed by different laws. Trademark registration, managed by the Intellectual Property Organization of Pakistan (IPO-Pakistan) under the Trade Marks Ordinance, 2001, protects brand names, logos, and other identifiers.

Copyright registration, on the other hand, is governed by the Copyright Ordinance, 1962, and protects creative works such as literature, music, art, and software. Registration with the Copyright Office provides legal protection against unauthorized use, copying, or distribution of the work. While not mandatory, registration strengthens the creator's legal standing in infringement cases, ensuring their rights are upheld.

Filing of Statutory Returns

Companies are required to regularly file statutory returns, such as annual returns, changes in directors, and financial statements, with SECP.

Registration of Foreign Companies

Foreign companies planning to establish a presence in Pakistan must register with SECP. This includes the registration of a branch or liaison office.

Changes in Corporate Structure

SECP provides services for changes in a company's structure, such as amendments to the Memorandum and Articles of Association, increase in share capital, or conversion from private to public status.

Partnership and Sole Proprietorship Registration

While SECP handles corporate entities, partnerships and sole proprietorships are registered with the Registrar of Firms under provincial laws.

Registration of Non-Profit Organizations

Non-profit organizations and NGOs can be registered as companies under Section 42 of the Companies Act, 2017, to operate legally and receive tax benefits.

Winding Up and Dissolution

SECP also manages the legal processes for winding up or dissolving a company, whether voluntary or through court orders.

Compliance and Regulatory Reporting

Companies must comply with ongoing regulatory requirements, including maintaining proper records, holding annual general meetings, and filing regular reports with SECP.