How can I make a public limited company in Pakistan?
SECP is your point of contact here (The Official Website of SECP). Get in touch with a Regional Officer and they will assist you and let you know the requirements of registering a Public Limited company.
How can I register a company in Pakistan?
If you don’t want to get yourself in to the formalities and multiple visits to SECP, get help from a lawyer or an accountant.
How do I register a company in the UK online from Pakistan?
The process is quite simple and straightforward. Follow the steps below:Check your preferred company name availability using this website (click link);Appoint your company director/s and shareholder/s and company secretary;Provide details of your proposed a registered office address within the UK;Choose your company’s business activity as well as its associated Standard Industrial Classification (SIC) from this website (click link);Complete the application and provide all the documents required by registering and logging on through The Companies House website (click link);Payment is required and can be made using i) debit/credit card ii) PayPal or iii) Online Filing Credit Account;Healy Consultants Group PLC, with their branch in the UK, have been assisting investors worldwide to set up the optimum corporate structure for doing business in the country. The services offered include company registration, banking solutions, accounting and tax and legal services and corporate support services.
What are the advantages and disadvantages to register as Private Limited Company?
A private limited company is the best vehicle to carry out business due to the numerous advantages it has to offer. This is the key reason why many entrepreneurs choose this type of business entity at the time of company registration Singapore. Nevertheless, there are some loopholes as well.Advantages:Separate Legal Entity- It is an entity which has real existence. The company can sue or be sued in its name.Perpetual Succession- The existence of the company remains unaffected by the death or the resignation/retirement of any of its member.Limited Liability- The liability of the shareholders is limited to the amount they invest in buying shares of the company. Their personal assets are protected and not liable for any debt or loss incurred by the company.Ownership of Property: The company can own a property in its name.Credibility Image: Credibility image of the private limited company is compelling. It helps attract investors and creditors. Securing loan or fund made easy.Disadvantages:The fees of Incorporation is relatively costlier than other entities.The process and requirements of company registration are a bit complex.A series of compliance requirements has to be met.Also Read: Selecting Right Business Structure
What is the difference between an unlisted public limited company and a private limited company?
Good One!!!First It should be clear that mostly there are only two type of Companies Public Limited & Private Limited. ( other are One Person Co. , Company with or without Guarantee, with or without shares etc.)Let me explain some points:Listed Company : A Public Limited Company whose any Securities (Equity or Debt=Shares or Debentures ) Listed in any Stock Exchange like. Bombay Stock Exchange (BSE), National Stock Exchange (NSE) etc. Note: Actually Securities (shares or Debentures) are listed on Stock Exchange not Company.Public Limited Company: which fulfill some condition : member limit Min. 7 to Unlimited, Shares are transferable without any restriction.. Note: When Public Limited Co. shares or Debentures listed in Stock Exchange, it automatically become Listed Public Co.Private Limited Company: Which have Members (Min. 2 or Max. 200) & Restriction in transfer of shares. As the Member limited is only 200 & restriction in transferability of shares, It is like impossible to get shares listed in Stock Exchange by Pvt. Co.So, the Final Conclusion are following:Listed Public Co. = Public Limited Company + Securities listed in Stock ExchangeAll other Company are Automatically Unlisted Company, Therefore Using Word “Unlisted” is not generally required.The difference Between Unlisted Private Limited Company & Public Limited Company is same as diff. B/w Private Limited Co. & Public Limited Company. point 2 & 3 already explain it.Thanks for Reading!!!
What is the complete process of registering a public company in Pakistan?
SECP (Securities and Exchange Commission of Pakistan) registers both Public Limited and Private limited companies under companies ordinance 1984. If you register online, then you have to pay half registration fee, for manual/offline you have to pay full registration fee. But if you register online, then you have to pay annual fee to NIFT for each signatory of your company, but for manual process you don't have to pay to NIFT, that's why I prefer manual registration. Registration fee differs according to capital amount. First you need to reserve the name of your company which depends on the availability of name, then you have to complete further registration process.Here is the website of SECP:Securities & Exchange Commission of Pakistan (SECP)It's registration fee calculator:Fee Calculator - Company IncorporationLike my Facebook page or follow me on Twitter to get my all analysis and published articles.Analysis by Jamal Abdul NasirJamal Abdul Nasir
What is the reason a sole-proprietorship is most common in Pakistan?
Having dealt with many sole proprietorship businesses over the years, the main reasons that I observed were:Tax rate is lower for sole proprietors relative to corporate entities.Additionally sole proprietorship businesses also allow for tax evasion due to lower checks and balances. I know of businesses that have sales turnover of well over 90+ mill USD but are run on sole proprietorship basis.The entrepreneur also has trust issues and likes to be involved with the daily operations of the business due to trust deficit and due to the long time that it takes to settle disputes in courts.Registration with SECP results in hastles that no one really wants plus results in more tax.In general businessmen here tend to avoid transperancy and scrutiny that comes with being listed.The government is trying to circumvent that by giving 3–5 years tax breaks to businesses that invest in Greenfield projects as SECP registered Public LTD firms.However, more steps are needed by the government and FBR.