How to Register an Engineering Company in Pakistan

How to Register an Engineering Company in Pakistan: To register an engineering company in Pakistan with the Securities and Exchange Commission of Pakistan (SECP), you’ll need to follow a specific process. Here’s a breakdown of the key steps:

Company Incorporation:

Name Reservation:

First, you’ll need to reserve a unique company name with SECP through their eServices portal. The Securities and Exchange Commission of Pakistan website provides this service.

Name Availability:

Check for name availability on the SECP’s eServices portal before reserving a name.

Choose Company Type:

Select the appropriate company type, such as a Private Limited Company, which is commonly used for engineering firms.

Draft Memorandum and Articles of Association:

These documents outline the company’s purpose, powers, and structure.

Submit Application:

Submit the application for company incorporation, either online through eZfile or in physical form, following the formats provided in the Companies Regulations, 2024.

Required Documents:

• Memorandum and Articles of Association: These are crucial documents that define the company’s core functions.
• Certificate of Registration: You’ll need a PEC (Pakistan Engineering Council) registration certificate.
• Audited Financial Statements: Provide audited financial statements for the last 5 years.
• Bank Statements: Submit bank statements for the last 3 years.
• Tax Returns: Provide tax returns for both the company and the owner(s) for the last 3 years.
• Affidavit: Include an affidavit on Rs. 100 stamp paper.
• Other Information: Provide any other relevant information or documents required by SECP.

Registration Process:

eServices Portal:

Utilize the SECP’s eServices portal for online registration and after-registration activities.

Online Registration:

The registration process is primarily online, and you’ll need to create a username and password on the SECP website.

Required Information:

You’ll need your cell number, email ID, and CNIC number (or valid passport for foreign registration).

Fee Payment:

Pay the registration fee online or at designated banks.

Digitalization:

SECP is actively promoting digitalization to streamline the registration process.

Fees:

• The registration fee for a company can range from PKR 10,000 to PKR 25,000, depending on the authorized capital.

Compliance:

Ensure you are compliant with all relevant regulations and guidelines set by SECP.

If you’re already doing business then read our blog on An Approach to Improved Profits