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Private Limited/ Single Member Company in SECP
These members elect a board of directors. There is one managing director (CEO) who along with the board makes operational decisions. The shareholders or owners are protected from the debts and liabilities of the corporation, and the corporation pays corporate income taxes. These taxes are paid on profits rather than the income. A company may also require a company secretary, legal advisor, and auditor depending on its size (does not apply to smaller companies).
There are more paperwork and filing work required for this type of business structure. But the obvious advantage is limited liability of the owners as well as transparency in the operations. Companies are also generally perceived to be more authentic and trustworthy when compared to other business structures. Companies are registered with the Securities & Exchange Commission of Pakistan (SECP).
Spectrum Consulting and Integrated Services, the premium TAX and Corporate consultancy law firm provide quality services for company registration in Pakistan. We offer to incorporate the following types of companies in Pakistan.