Company registration with FBR and SECP in Pakistan involves more than just a great idea—it requires legal compliance and formal registration. Whether you’re a freelancer, startup founder, or SME owner, understanding the company registration with FBR and SECP process is essential for credibility and compliance. This comprehensive guide will walk you through the company registration steps, ensuring you’re equipped to start your business on solid legal ground.
What is Company Registration in Pakistan?
Company registration with FBR and SECP is the process that makes your business a recognized legal entity. This process involves two main government bodies:
-
SECP (Securities and Exchange Commission of Pakistan): Handles the legal incorporation of businesses.
-
FBR (Federal Board of Revenue): Issues the National Tax Number (NTN) and manages business taxation.
Together, SECP company registration and FBR company registration formalize your business, allowing you to operate legally, open a business bank account, and file taxes.
Why Register a Company?
There are several compelling reasons to proceed with company registration with FBR and SECP:
-
Legal Protection: Your business will be recognized as a separate legal entity.
-
Tax Compliance: You can obtain your NTN registration for business taxes.
-
Access to Banking & Loans: Banks require legal business documents for opening accounts and applying for loans.
-
Brand Credibility: A registered company is more trustworthy to customers and partners.
-
Investor Readiness: Investors prefer funding legally incorporated businesses.
Step-by-Step Guide to SECP Company Registration
Step 1: Name Reservation
The first step in the SECP company registration process is choosing and reserving your company name. You will need to:
-
Visit the SECP eServices portal.
-
Search for an available name.
-
Follow the naming guidelines (avoid using prohibited terms).
-
Submit your name for SECP approval.
Once approved, you will receive a Name Reservation Certificate.
Step 2: Create an Account on SECP e-Services
To proceed with company registration with SECP, you need to create an account on the SECP portal:
-
Provide your CNIC and email.
-
Complete the verification process.
-
Log in and begin the registration process.
Step 3: Submit Company Documents
After reserving your company name, prepare and submit the following documents online:
-
Memorandum of Association (MOA)
-
Articles of Association (AOA)
-
Copies of CNIC of all directors
-
Business address (attach a utility bill for proof)
Once your documents are reviewed, SECP will issue your Certificate of Incorporation, which officially registers your company.
Step-by-Step Guide to FBR Company Registration
Once you have your Certificate of Incorporation from SECP, you can begin company registration with FBR.
Step 1: Login to FBR IRIS Portal
Head over to the FBR IRIS Portal and:
-
Create an account using your CNIC and mobile number.
-
Verify your details and log in.
Step 2: Apply for NTN Registration
Inside the IRIS portal:
-
Select “Registration for Income Tax.”
-
Provide company details such as your legal type, business address, and director information.
-
Upload the required documents (CNIC, incorporation certificate, and utility bill).
Once your application is processed, you will receive your National Tax Number (NTN), which is necessary for tax filings and opening business bank accounts.
Step 3: Apply for Sales Tax Registration (If Applicable)
If your business deals in taxable goods or services, you will also need Sales Tax Registration:
-
Complete the Sales Tax Registration Number (STRN) application through IRIS.
-
Attach the required documents (e.g., utility bill, rent agreement).
-
Await FBR’s review and approval.
Required Documents Checklist
For a smooth company registration with FBR and SECP, ensure you have the following documents:
-
CNIC copies of all directors
-
MOA and AOA
-
Name Reservation Letter
-
Business address proof (utility bill)
-
Digital Signature for online filing
Common Mistakes to Avoid
While completing the company registration in Pakistan, be cautious of these common mistakes:
-
Using a name that is already registered.
-
Submitting incomplete or incorrect documents.
-
Forgetting to file taxes after registration.
-
Failing to acquire the NIFT Digital Signature for online filings.
Avoiding these mistakes will help ensure your registration is successful and timely.
Timeline and Cost Breakdown
SECP Company Registration
-
Time: 3–5 working days
-
Fee: PKR 1,500–3,000 (depends on company type)
FBR Company Registration
-
Time: 1–2 days after SECP registration
-
Fee: Free for NTN, minimal charges for STRN
Using consultants or service providers might incur additional costs.
Tips for a Smooth Registration Process
To make your company registration as smooth as possible:
-
Double-check all documents before submission.
-
Maintain consistency with spelling and formats across all documents.
-
Respond promptly to any emails or SMS alerts from SECP or FBR.
-
Use professional business advisory services if you need assistance.
Conclusion
Company registration with FBR and SECP is a crucial step in legitimizing your business and ensuring compliance. By following the step-by-step guides outlined in this post, you can easily navigate the process and set your business up for success.
Take the time to complete both SECP and FBR registrations, and your business will be legally recognized and ready to operate.
For any assistance or professional help with company registration in Pakistan, reach out to experts who can guide you through the process and avoid common pitfalls.
