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Tag: Leases

Company Registration, Incorporation in Pakistan

Posted on May 20, 2023May 22, 2023 By masood 8 Comments on Company Registration, Incorporation in Pakistan

Before commencing with company registration/incorporation in Pakistan it is important to recognize what a company in fact stands for? A company can be defined as an “artificial person”, with a discrete legal entity, perpetual succession and a common seal. It is not affected by the death, insanity or insolvency of an individual member. The English word…

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Company Incorporation, M&M Services

How is Foreign Investment administered in Pakistan?

Posted on June 3, 2010 By masood 2 Comments on How is Foreign Investment administered in Pakistan?

Foreign direct investment (FDI) refers to long term participation by  a country A into country B (in this case Pakistan) . It usually involves participation in management, joint-venture, transfer of technology and expertise. There are two types of FDI:  Inward foreign direct investment and;  Outward foreign direct investment resulting in a net FDI inflow (positive…

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FAQs

What is the Law for Leases (LandLord & Tenant Law) In Pakistan?

Posted on June 3, 2010 By masood 2 Comments on What is the Law for Leases (LandLord & Tenant Law) In Pakistan?

Law for the Landlord Landlord must ensure that lease of an immovable property is executed in writing. Lease of immovable property for a period of less than a year does not require compulsory registration. However, lease of immovable property for a period of more than a year must be registered. If the tenant refuses to…

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FAQs, Real Estate

Has Pakistan entered into Agreement for Avoidance of Double Taxation with other countries?

Posted on June 3, 2010 By masood 2 Comments on Has Pakistan entered into Agreement for Avoidance of Double Taxation with other countries?

The Government of Pakistan has so far signed agreements to avoid double taxation with 47 countries including almost all the developed countries of the world and such agreements are being signed with other countries as well. These agreements lay down the ceilings on tax rates applicable to different types of income arising in Pakistan. They also…

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FAQs, Pakistan Taxation

What is Capital Value Tax in Pakistan?

Posted on June 3, 2010 By masood 12 Comments on What is Capital Value Tax in Pakistan?

Capital Value Tax on Real Estate Related Transactions in Pakistan  A Capital value tax at the rate of 2 percent of recorded value has been levied vide Finance Act, 2006. This is applicable in urban areas for residential property exceeding an area of one kanal and in case of commercial properties without any threshold of…

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FAQs, Pakistan Taxation, Real Estate

What is the Process of Trademark Registration in Pakistan?

Posted on June 3, 2010 By masood No Comments on What is the Process of Trademark Registration in Pakistan?

Following are the Steps for trademark registration in pakistan: Search before filing of Application. Filing of Application. Preliminary Examination. Final order for Publication. Printing in Trademarks Journal. Opposition Procedure. Issuance of Registration Certificate. Renewal of the Registration. Post Registration matters. Rectification Procedure.

FAQs, Trademarks in Pakistan

How is the taxation system structured in Pakistan?

Posted on June 3, 2010 By masood No Comments on How is the taxation system structured in Pakistan?

Taxes in Pakistan have a large spectrum which include taxes at muncipal level upto Federal Level. Legislation and Law exists to regulate all type of taxation. A broad description regarding the nature of administration of these taxes is explained below: Direct Taxes Direct taxes primarily comprise income tax, alongwith supplementary role of wealth tax. For the…

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FAQs, Pakistan Taxation

What are the Steps/Process for Company Formation/Incorporation in Pakistan?

Posted on June 3, 2010 By masood 1 Comment on What are the Steps/Process for Company Formation/Incorporation in Pakistan?

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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Business Start-Up, FAQs

What are the types of Businesses a person / company can start in Pakistan?

Posted on June 3, 2010 By masood No Comments on What are the types of Businesses a person / company can start in Pakistan?

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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Business Start-Up, FAQs
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