Here are the post-registration steps for a Single Member Company (SMC) in Pakistan:
Obtaining Necessary Documents
1. Certificate of Incorporation: Obtain a Certificate of Incorporation from the Securities and Exchange Commission of Pakistan (SECP).
2. Business Registration Certificate: Obtain a Business Registration Certificate from the relevant local authorities.
3. NTN Certificate: Obtain a National Tax Number (NTN) certificate from the Federal Board of Revenue (FBR).
Opening a Bank Account
1. Choose a Bank: Select a bank that meets your business needs.
2. Submit Required Documents: Submit the required documents, including the Certificate of Incorporation, Business Registration Certificate, and NTN certificate.
3. Open a Bank Account: Open a bank account in the name of the SMC.
Obtaining Licenses and Permits
1. Sales Tax Registration: Register for sales tax with the FBR, if applicable.
2. Income Tax Registration: Register for income tax with the FBR, if applicable.
3. Other Licenses and Permits: Obtain any other necessary licenses and permits to operate the business.
Setting Up a Registered Office
1. Rent or Lease a Premise: Rent or lease a premise to serve as the registered office of the SMC.
2. Display Company Information: Display the company’s name, registration number, and other required information at the registered office.
Appointing Auditors and Preparing Financial Statements
1. Appoint Auditors: Appoint auditors to audit the SMC’s financial statements.
2. Prepare Financial Statements: Prepare financial statements, including the balance sheet and profit and loss account.
Filing Annual Returns
1. File Annual Returns: File annual returns with the SECP within 30 days of the anniversary of incorporation.
2. Pay Annual Fees: Pay the annual fees to the SECP.
Other Post-Registration Steps
1. Obtain a Digital Signature Certificate: Obtain a digital signature certificate to file tax returns and other documents electronically.
2. Register with the Employees’ Old-Age Benefits Institution (EOBI): Register with the EOBI, if applicable.
3. Register with the Social Security Institution (SSI): Register with the SSI, if applicable.
