Published On: Thu, Feb 8th, 2018

New Company Registration will Now take Only Four Hours in Pakistan

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Company Registration

An online system has been devised by the securities and exchange commission of Pakistan (SECP). In a single comprehensive online procedure, you can get you’re your Company Registration within four hours.

World Bank recently has furnished the report ‘Doing Business Report 2018’ and it is mentioned in the report that it takes 17.5 days for a business in Pakistan to get registered.

The report indicates various variables in carrying out business and in this regard SECP has been collaborating with Board of investment to design a reform to facilitate the ‘Starting the Business’ parameter Report.

Reservation of company’s names and thereafter its incorporation, all has been synchronized on the single online procedure. This will reduce the hassle for businesses and it was incorporated keeping in view the best practices carried out across the globe in competitive business environments.

E-portals have always facilitated the businesses and by this e-service, particularly the new companies would easily get themselves registered on board.

“Now in just four hours a company will get itself registered and all it requires is the submission of name availability with three options, then incorporating the application along with the Memorandum of Association and Article of Association” according to Board of investment.

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