Chinese Company Registration in Pakistan is made easy with us. For a Chinese company to setup a legal Place of Business in Pakistan, there are many possible corporate structures that it may adopt to register it’s company in Pakistan, depending on your requirements and to maximise tax savings which include:
1. A wholly (100 percent )foreign owned subsidiary with foreign directors, A Private Limited Company.
For a Chinese company to setup a legal Place of Business in Pakistan, there are many possible corporate structures that it may adopt to register it’s company in Pakistan, depending on your requirements and to maximise tax savings which include:
1. A wholly (100 percent )foreign owned subsidiary with foreign directors, A Private Limited Company.
In this option you can remit money in and out of the country however a minimum capital investment of USD 1,000/- is suggested. 100% foreign equity can be owned. Expats can obtain work visa.
2. A foreign/Pakistan owned company with foreign/Local directors, A Private Limited Company.
In this option you can remit money in and out of the country with no minimum capital investment. Foreign/Pakistan individuals can be shareholders. Expats can obtain work visa.
3. A Branch Office.
In this option remittance can be made in and out of the country however you would require a pre-signed agreement with a local company is required. Local Pakistan revenue for specific project can only be earned and remitted back to the parent. YEARLY RENEWAL REQUIRES A VALID AGREEMENT and in case you are still in phase of expansion with no real clients the renewal may become difficult. However this option may be cheaper when taking money out of pakistan in TAX terms.
4. A Liaison Office.
In this third option you may only avail inward remittance into Pakistan and no outward remittance through legal banking channels would be allowed. No Local Revenue, only a cost centre. This option does not allow profit making, In case the intent is only marketting you may opt for this, however in case you want to do business later you will have to convert the business structure.
5. Incorporation of Local Private Limited Company with Pakistan based directors.
In this option no initial capital requirement is present (A very nominal capital of about 1,000 USD only) and the process takes around four working weeks to complete but this includes only Local Pakistani directors. Pakistani Directors own the company so risk factor may be more due to less control.
· In all options once all local approvals are taken, expats can come and go at will on obtaining visa.
· Foreign directors of Indian origin should be avoided as normally Indian based directors fail to gain the necessary approval.
· Tax rate depends on company type and country of origin, however general prevalent tax rate is 29% net of expenses. Exempt Services like export of IT services attract minimum tax at 1.5 Percent of Turnover.
· The Options 3 and 4 will take up a minimum of 12 working weeks to gain approval from Board of Investment whereas option 1 will take around 2 working weeks upon submission of information to CRO.
Once you decide upon the option you wish to take up then we will advise regarding specific documentation, fees, and procedure with regard to chosen option.
So it you are looking for Chinese Company Registration in Pakistan, we are here to provide you all the assistance and help you need at very competitive rates. Email inquiry@masoodandmasood.com for instant Quote.