(Corporate, Tax & Legal Consultants) – Pakistan Based Law Firm
In Pakistan two tax regimes are working in income tax and tax liability is the sum of the two. a) Normal Tax Regime (NTR) calculated on the basis of net profit adjusted for tax deductibles and tax non-deductibles. b) Final Tax Regime (FTR) previously known as presumptive tax regime (PTR) which is lesser than normal…
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The Steps to formation/incorporation of a company in pakistan are as follows; Seek Approval from the concerned ministry if special permission before incorporation/formation of a company in Pakista is required Seek approval for the availability of the proposed name. File a range of documents to the Registrar which varies from company to company depnding on whether it is a single member company,…
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A person who intends to start/form a business in pakistan can work as any of the following given proper approvals and licenses are acquired by the individual/person : A sole trader A sole service provider A partnership (partnership can be from two members to twenty members) usuall Doctors, Accountants and Lawyers An association not for profit A…
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Effective Planning with Prompt and decisive leadership having clearcut goals are the keys to success in any business and the same is the case in Pakistan. Pinpointing exactly every area is difficult as businesses vary due to business nature, business leader , business size, business morals and so on. The following key points should be kept in…
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Business Startups in Pakistan require a host of corporate formalities which may vary due to Legal Person Involved : Individual , Partnership , Company or else. Residence status of the legal person: Non-residents may require more registrations and approvals to go through Business Sector: Service Industry, Manufacturing , non-profit and so forth. Many departments of…
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