How to register your company online with Befiler

Investing in the rapidly growing economy of Pakistan seems to be a great idea. One of the most significant advantages of investing in Pakistan is its vast population and low competition, which makes it more attractive for business. But the first problem with starting a business in Pakistan is that the legal matters in Pakistan seem so complicated that, at times, we need to pay a hefty fee to the consultants due to a lack of awareness of local laws. But now, you don’t need to worry about that, as you are on the right platform. Befiler is here to solve all your issues related to your online business registration.

Before moving forward with the online company registration process with Befiler let us get some basic knowledge about the types of companies available in Pakistan.

Types of Companies in Pakistan:

Private Limited Company

Private Limited Company offers limited liability and legal protection to its shareholders. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.

In case of Private Limited Company, the liability of the members is limited to the number of shares held by them.

Information required by Befiler to process the registration:

• Three Names of the proposed company
• Neat and Clear Scanned copies of CNIC’s of all the proposed Directors / subscribers
• NTN of the proposed directors / subscribers
• Registered address / correspondence address of the proposed Company
• The principal business of the proposed company
• Nature of the business activity
• Authorized Capital
• Paid up Capital
• Value per share e.g. 10, Rs. 50 or Rs. 100 etc
• Combination of Shares agreed to be subscribed by each director / subscriber
• Name of the Chief Executive of the Proposed Company
• Telephone numbers and email ID of all the proposed directors
• Telephone numbers and email ID of all the proposed directors of the Company
• Name of declarant person
• SECP login details of the proposed directors / subscribers(if any)

Single Member Company

Single Member Company (SMC) is a private company, limited by shares, which is incorporated with one member. SMC does not invite the public to subscribe for any share of the company. The company does not register any share in the name of two or more persons to hold one or more shares individually or jointly; and the Number of members of the company is limited to a single person.

Information required by Befiler to process the registration:

• Three Names of the proposed company
• Neat and Clear Scanned copies of CNIC’s of all the proposed Directors / subscribers
• NTN of the proposed directors / subscribers
• Registered address / correspondence address of the proposed Company
• The principal business of the proposed company
• Nature of the business activity
• Authorized Capital
• Paid up Capital
• Value per share e.g. 10, Rs. 50 or Rs. 100 etc
• Combination of Shares agreed to be subscribed by each director / subscriber
• Name of the Chief Executive of the Proposed Company
• Telephone numbers and email ID of all the proposed directors
• Telephone numbers and email ID of all the proposed directors of the Company
• Name of declarant person
• SECP login details of the proposed directors / subscribers(if any)

Limited Liability Partnership

A limited liability partnership is a corporate by registration and shall be a legal entity separate from its partners. It can sue and can be sued. The Limited Liability Partnership Act, 2017 provides the procedure and requirements of registration of limited liability partnership and also defines the liability of partners.

Information required by Befiler to process the registration:

• Three Names of the proposed company
• Neat and Clear Scanned copies of CNIC’s of all the partners
• Partnership deeds duly executed
• NTN of the proposed partners
• Registered address / correspondence address of the proposed Company
• The principal business of the proposed LLP
• Nature of the business activity
• Combination of Shares agreed to be subscribed by each partner
• Telephone numbers and email ID of all the partners
• Telephone numbers and email ID of all the proposed directors of the Company
• SECP login details of the proposed partners

Association of Person (AOP) or Partnership

AOP or Partnership is a business structure that works just like a sole proprietorship, but with several individuals running it. The general partners share the profits and / or losses depending on their agreement. They share control and liability for business operations.

Information required by Befiler to process the registration:

• Partnership Deed
• Signed Partnership Form
• Authorization of principal Officer
• Color copy of CNIC’s of Partners
• Rent agreement/ownership docs of Office premises
• Letterhead
• Latest paid electricity bill
• Phone Number
• Email address

Steps to register your company online with Befiler

• Sign Up on the Befiler through any medium.

• Select Business Incorporation from our range of services.

• Select the type of business to want to incorporate

• Gather all the required information mentioned above.

• Enter all the required information.

• Reach out to our consultant in case you need any help.

• Review your entered information.

• Our consultant will call you to guide you about all relevant requirements.