Company Registration

What are different ways to establish business in Pakistan
There are several ways by which a person can establish a business in Pakistan. Different forms of business establishments include Sole Proprietorship, Partnership Firm, Joint Ventures/ Collaborations, Association of Persons, Company etc. However, the most common business establishments in Pakistan are as follow:
Sole Proprietorship
Partnership Firm
Private Limited Company
Which is the most beneficial type of business Establishment?
The decision to choose the beneficial type of establishment is completely based on the particular nature of business as every sector has its own benefits and drawbacks. While choosing the right type of establishment for any business sector, some major factor that need to be considered including Tax benefits and exemptions on a particular sector, loan finance requirements, legal benefits and impediments, scope and object of business, flexibility of operations and other underlying factors.
Why to register a Company?
We at Hamza and Hamza based on the requirements of business in the emerging markets of Pakistan often assist our clients to establish a company having major benefits over other types of business establishments. Some key benefits of Company are as follow:
Separate entity- Under the provisions of the Companies Ordinance, 1984, a company is a corporate body with separate legal entity and a perpetual succession
Limited Liability- Company being a separate legal entity has a limited liability and personal assets of directors or stake holders do not include in the liability of company.
Unlimited Life- Company has its unlimited life and does not stand dissolved on death of of all or any of its directors, stakeholders or employees.
Easy transfer of Ownership- ownership of company to the extent of respective shares of directors or stakeholder can easy be alienated in favor of any person as decided in the AGM with approval of SECP.
Conducting business in own name- Company can enter into contract with other entities being a corporate body with separate legal entity and liability of a company is limited
Reputation- Company being a separate entity has its own reputation and regardless company is high rate than any other entity in corporate sector.
Holding property in its own name- company can own, hold and dispose property since its incorporation.
Tax Benefit- Tax rates on companies are far less that other business entities subject to Tax policy that is formulated from time to time.
Dispute Resolution- Company being registered under the Companies Ordinance, 1984 is regulated by Security Exchange Commission of Pakistan. Any disputes between Directors, shareholders etc. and any third person can be resolved by SECP through it officer without approaching the Court of Law.

What are the types of Company in Pakistan

The Companies Ordinance, 1984 provides three common types of companies:
A private limited company (some can also be a single member company)
A public limited company (Public listed or unlisted Company)
A foreign company (New or Subsidiary Company)

Laws Governing Companies in Pakistan
The important laws governing Companies in Pakistan are as follow:
Companies Ordinance, 1984
Companies (General Provisions and Forms) Rules, 1985
Single Member Companies Rules, 2003
Schedule filing fees
We are offering to register the following companies in Pakistan:
A private limited company
A single member company
A public limited company
A company limited by shares
A company limited by guarantee
An unlimited company
We have immense experience in providing legal consultancy services to our client. So far we have rendered legal services in the several business sectors offering to register the following companies in Pakistan:
A private limited company
A single member company
A public limited company
A company limited by shares
A company limited by guarantee
An unlimited company
We have successfully provided services to following sectors including the following:
Health & Care Related Companies
Home Furnishing Related Companies
Construction Related Companies
Whole Sale And Retail Companies
Garments & Apparel Related Companies
It Related Companies
Service Related Companies
Pharmaceutical Companies
Auto-Parts Related Companies
Manufacturing Related Companies
Electronics Related Companies
Tourism Related Companies
Real Estate Companies
Educational Institutions Related Companies
Steel And Allied Companies
Tobacco Companies
Printing Publishing Companies
Hotel Related Companies
Diagnostic Laboratories Related Companies
Power Generation Related Companies
Oil And Gas Related Companies
Immigration Consultancy Related Companies
Paints Related Companies

Why to register a Company?

We at Hamza and Hamza based on the requirements of business in the emerging markets of Pakistan often assist our clients to establish a company having major benefits over other types of business establishments. Some key benefits of Company are as follow:

  • Separate entity – Under the provisions of the Companies Ordinance, 1984, a company is a corporate body with separate legal entity and a perpetual succession
  • Limited Liability – Company being a separate legal entity has a limited liability and personal assets of directors or stake holders do not include in the liability of company.
  • Unlimited Life – Company has its unlimited life and does not stand dissolved on death of of all or any of its directors, stakeholders or employees.
  • Easy transfer of Ownership – ownership of company to the extent of respective shares of directors or stakeholder can easy be alienated in favor of any person as decided in the AGM with approval of SECP.
  • Conducting business in own name – Company can enter into contract with other entities being a corporate body with separate legal entity and liability of a company is limited
  • Reputation – Company being a separate entity has its own reputation and regardless company is high rate than any other entity in corporate sector.
  • Holding property in its own name – company can own, hold and dispose property since its incorporation.
  • Tax Benefit – Tax rates on companies are far less that other business entities subject to Tax policy that is formulated from time to time.
  • Dispute Resolution – Company being registered under the Companies Ordinance, 1984 is regulated by Security Exchange Commission of Pakistan. Any disputes between Directors, shareholders etc. and any third person can be resolved by SECP through it officer without approaching the Court of Law.

Welcome to Hamza & Hamza Associates

Advocate & Legal Consultants

Contact us today to discuss our complete range of Corporate and Legal issues in Pakistan and Overseas.

Office No: 15-16 3rd Floor Sadiq Plaza 69 Mall Road Lahore

Call Us    +923008447469
+923214554554

Email Us  info@hamzaandhamza.com