{"id":69451,"date":"2019-10-07T05:30:52","date_gmt":"2019-10-07T05:30:52","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=69451"},"modified":"2019-10-07T05:21:39","modified_gmt":"2019-10-07T05:21:39","slug":"register-construction-company-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/register-construction-company-pakistan.html","title":{"rendered":"A Step by Step Guide for Registering a Construction Company in Pakistan"},"content":{"rendered":"\n

Starting a new business is always a daunting task. Apart from worrying about the capital, the day-to-day operations and setting up an office, you also need to register it with various regulatory bodies as well as tax authorities. If you\u2019re planning to register a construction company in Pakistan, you will be required to go a step further than most other businesses in order to obtain proper licensing. <\/p>\n\n\n\n

Therefore, in order to make the process easier for you, here\u2019s a complete step-by-step guide on the construction company registration procedure in Pakistan.<\/p>\n\n\n\n

How to Register a Construction Company in Pakistan<\/strong><\/h2>\n\n\n\n

The construction company registration process in Pakistan is divided into three parts:<\/p>\n\n\n\n

  1. Registration with the Securities and Exchange Commission of Pakistan<\/li>
  2. Registration with the Federal Board of Revenue<\/li>
  3. Registration with the Pakistan Engineering Council<\/li><\/ol>\n\n\n\n

    Each of these procedures involves a number of steps with different requirements. In order to start a construction business, you first need to register your company with the Securities and Exchange Commission of Pakistan. Then, you have to register your company with the Federal Board of Revenue and apply for the National Tax Number (NTN). Once you have fulfilled all of these requirements, you will need to register the company with Pakistan Engineering Council to finally start working as a contractor. <\/p>\n\n\n\n

    You can also register your construction company in Pakistan with the Association of Builders and Developers of Pakistan, more commonly known as ABAD. However, it is not mandatory.<\/p>\n\n\n\n

    Registration with the Securities and Exchange Commission of Pakistan<\/strong><\/h3>\n\n\n\n
    \"securities
    it is mandatory to first register your business with the SECP (Credits: Facebook\/SECP)<\/figcaption><\/figure>\n\n\n\n

    The Securities and Exchange Commission of Pakistan, also known as SECP, is the primary financial regulatory authority in the country. Headquartered in Islamabad, the main functions of SECP include registration or companies in Pakistan along with regulating and monitoring the corporate sector. The regional offices, known as Company Registration Offices or CROs, perform these functions for the commission.  <\/p>\n\n\n\n

    The commission has recently introduced a One Window Facility for company registration.<\/p>\n\n\n\n

    Moreover, you can register your business either as Single Member Company, which requires one director and a secretary, or Private Limited Company, which requires at least two directors.<\/p>\n\n\n\n

    There are three main steps of construction company registration in Pakistan with the SECP. On average, it takes about 1.5 months to complete this part of the process.<\/p>\n\n\n\n

    Step 1: Reserving a Business Name<\/strong><\/h4>\n\n\n\n

    Reserving a business name is the very first step to register a company in Pakistan. You can either submit your \u2018Business Name Reservation\u2019 application by visiting your nearest regional office for the SECP or do it online.<\/p>\n\n\n\n

    In order to submit an electronic application, you will be required to sign up on the online portal of the Security and Exchange Commission of Pakistan. You can then login to e-Service Account for \u2018Company Name Reservation.\u2019 You have to propose three names for your company, out of which the registrar will finalize one and include it in the incorporation documents. <\/p>\n\n\n\n

    To make sure your proposed names aren\u2019t already in use, use the \u2018SECP Online Company Name Search\u2019 tool to do a quick search.<\/p>\n\n\n\n

    It usually takes the SECP a day to issue the \u2018Company Name Reservation Certificate. You can either pick it up from the nearest CRO of have it delivered to the address you\u2019ve mentioned in your application.<\/p>\n\n\n\n

    Step 2: Preparation and Submission of Documents of Incorporation <\/strong><\/h4>\n\n\n\n

    The submission of documents of incorporation to the SECP is the second step of the company registration process in Pakistan. Here is a list of documents you need to prepare.<\/p>\n\n\n\n