Partnership Firm Registration in Pakistan
First of all, it is stated that, the Firm Registration in Pakistan is doing under Partnership Act 1932. Firm Registration is known as ‘AOP Registration’ or ‘Form C Registration’.
Initially firm’s name is selected for registration and confirm from registrar of firm’s office or check the name availability from concerned Registrar of firm’s office, If available, then the further process initiate for firm registration in Pakistan.
Partnership Firm Registration in Pakistan is being done on District wise, therefore the requirements may be differ from district to district, consequently applying for firm registration, most noteworthy, to check finally, with the concerned registrar of firms in your relevant area, because the firm registration rules changes.
Finally, the key requirement for the firm registration in Pakistan is ‘Partnership Deed Preparation‘ under partnership Act 1932. Followings important thing is Partnership Deed preparation.
Prohibited Firm Name:
AL, NEW, INTERNATIONAL, COUNTRY NAME, GOVT NAME, NATIONAL CELEBRITY NAME, ARMY, BAHRIA, BANK, FOREX, INVESTMENT, FOUNDATION, SOCIETY, NGO, TRUST, CHAMBER OF COMMERCE, CLOSE RESEMBLANCE TO ANY FAMOUS BRAND.
Partnership Deed Preparation Requirements:
- Name of Firm (not be deceptive or already is being used)
- Business Address (must be complete)
- Partner’s details
- Profit and Loss Ratio (normally 50% each but it depends on partners)
- Capital investment
- Nature of Business
- Partnership Terms and conditions
Partnership Deed mainly consist of objective as well as general clauses.
Firm Registration Requirements:
- Copy of CNIC of partners
- Application forms
- Attested copy of Partnership Deed
- CNIC copies of Witnesses
- Appropriate Fee
Post Firm Registration Requirements:
“After Partnership firm registration, you may opened bank account as well as apply for firm NTN number.”
Time Required for Firm Registration:
Normally 7-10 working days required for the registration of firm but it maybe taken extra time, probably it depends upon the fulfill of requirements as well as consequently physically verification is required in some cases behind the reason that.
For firm registration, you may contact us.
Tax & Corporate Consultant
Member Lahore Tax Bar Association
Mob: 0300 9439703
Whatsapp: +92 300 9439703
Office No. 1, 2nd Floor, Lodhi Arcade, LOS Stop, Ferozepur Road, Lahore, Pakistan
Tel: +92 (042) 37500044