Firm Registration in Pakistan

Firm Registration in Pakistan

Partnership Firm Registration in Pakistan

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, while applying for firm registration, most noteworthy, to check with the concerned registrar of firms in your relevant area.

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
  • Witnesses
  • 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.”

How can I get NTN Number in Pakistan

Time Required for Firm Registration:

Normally 7-10 working days required for the registration of firm but it may take extra time, it depends upon the fulfill of requirements as well as physically verification is required in some cases.

For firm registration, you may contact us.

SHAHZADA QAMER

Tax & Corporate Consultant
Member Lahore Tax Bar Association

Mob: 0300 9439703

Office Address:

Office No. 1, 2nd Floor, Lodhi Arcade, LOS Stop, Ferozepur Road, Lahore, Pakistan
Tel: +92 (042) 37500044

Email:
info@sqamer.com

sqamer@gmail.com

Web: www.sqamer.com

FIRM REGISTRATION PROCESS

2 Responses to Firm Registration in Pakistan

  1. Hassan says:

    Dear Sir,
    Thank you very much for sharing such a fruitful information. Kindly answer my following questions.

    1-Once application for registration of firm is successful and firm is registered, NTN is automatically assigned to the firm or a new application has to be initiated.

    2- If new application is required, can we apply for opening a bank a/c in the name of firm without having NTN registration.

    3-Can an employee of govt./semi govt. organization become a partner in a firm.
    I will be very thankful if you could answer above questions.
    Thank You

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