Private Limited Company (Having More Than One Director)

Private Limited Company (Having More Than One Director)

A company is a business that is set up as a separate legal entity from its owners. The words "Private Limited" or "Public Limited" are added at the end of the name. These are sometimes known as limited liability companies (LLC) or corporations in other countries. The key difference between LLC's abroad is that taxes are paid by the directors of the company individually rather than by the company. In the limited liability company structure available in Pakistan the company pays taxes first and then the directors pay taxes on their respective individual incomes. There are members or shareholders who own the company. 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

A private limited company

Single-member company

A public limited company

A company limited by shares

A company limited by guarantee


Basic

Starting From
PKR 25,000/-

✔  MOA and AOA

✔  Incorporation Certificate from SECP

✔   NTN Registration Certificate from FBR

✔   NTN Verification

❌   NTN Registration of Directors

❌   Appointment of Company CEO

❌   Tax SOPs (enabling business to operate according to tax laws)

❌   Shares Subscription Certificate Signed by a Chartered Accountant


Standard

Starting From
PKR 35,000/-

✔  MOA and AOA

✔  Incorporation Certificate from SECP

✔   NTN Registration Certificate from FBR

✔   NTN Verification

✔   NTN Registration of Directors

✔   Appointment of Company CEO

❌  Tax SOPs (enabling business to operate according to tax laws)

❌   Shares Subscription Certificate Signed by a Chartered Accountant


Premium

Starting From
PKR 45,000/-

✔  MOA and AOA

✔  Incorporation Certificate from SECP

✔   NTN Registration Certificate from FBR

✔   NTN Verification

✔   NTN Registration of Directors

✔   Tax SOPs (enabling business to operate according to tax laws)

✔   Appointment of Company CEO

✔   Shares Subscription Certificate Signed by a Chartered Accountant

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