Registration of Foreign companies in Pakistan

CREVO Management Consulting also caters to unique requirements of foreign companies looking to establish their presence in Pakistan. Having registered office in Pakistan allows foreign firms to carry out their business operations, hire local talent and comply with local laws and regulations governing business. Below is the detailed information on Branch and Liaison Offices and their respective features.

Description Branch Office Liaison Office
Scope of Activities A branch office is set up by a foreign firm to execute the contracts awarded to it.activity will be restricted to the work mentioned in the agreement/ contract signedCannot indulge in commercial/ trading activities Activity is restricted to the promotion of product(s), provision of technical advice and assistance, exploring the possibility of joint collaboration and export promotion (these activities are to be mentioned in the application)Cannot undertake any commercial/ trading activities
Meeting Expenses All expenses will be met out of funds transferred from abroad through normal banking channel and converted to local currency account or from the amounts received through execution of the agreement / contract All expenses will be met out of funds transferred from abroad through normal banking channel and converted to local currency account
Remittance Facility Remittance of profits etc. is allowed subject to submission of information / documents as required in terms of para 13 chapter xiv of the foreign exchange manual of SBP. No remittance facility allowed.
Hiring of Foreign Nationals Employment of foreign nationals shall be made subject to the prior approval of the government as per policy and in accordance with the policy of Pakistan. Employment of foreign nationals shall be made subject to the prior approval of the government as per policy and in accordance with the policy of Pakistan
Import and Export of Machinery Import/export of machinery and equipment and its re-export shall be governed by the import/export policies of the government Nil
Registration with SECP Mandatory Mandatory
Finalization of case 7-8 weeks; 7-8 weeks;
Period of permission Regular permission (initial registration for a period of one year). @ us $ 3000 Regular permission (initial registration for a period of one year). @ us $ 2000
Documents Required
  1. Six sets of the following documents are required:
  2. Application form
  3. Copy of registration of the Foreign company duly attested by Pakistan Mission
  4. Copy of Articles and Memorandum of Association
  5. Copy of agreement / contract in case of Branch Office
  6. Copy of company profile
  7. Copy of resolution / authority letter of the company to establish branch office in Pakistan.
six sets of the following documents are required:

  1. Application form
  2. Copy of registration of the foreign company duly attested by pakistan mission
  3. Copy of articles and memorandum of association
  4. Copy of company profile
  5. Copy of resolution / authority letter of the company to establish liaison office in pakistan
Renewal Following documents are required:

  1. Copies of valid agreements/ contracts along with their duration
  2. Income tax returns (for the last 03 years)
  3. Copy of latest audited accounts
  4. Proceeds realization certificates
  5. Renewal charges for each year @ us $ 1000 per year. (1-5 years renewal based on the request of the company).
Following documents are required:

  1. Performance/activity report
  2. Receipt and payment statement
  3. Proceeds realization certificates
  4. Renewal charges for each year @ us $ 500 per year. (1-5 years renewal based on the request of the company)
Change of Address Has to be intimated to the board of investment and other concerned quarters Has to be intimated to the board of investment and other concerned quarters

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