Starting a Business

1. Obtain approval of company name through the Securities and Exchange Commission

2. Pay the fees for name registration and company incorporation using bank challans

3. Register the company for incorporation with the Securities and Exchange Commission
a. Form 1: declaration of compliance;
b. Form 21: identification of the office’s location;
c. Form 29: particulars of directors, secretary, chief accountant, auditors, and others;
d. Four copies of the memorandum and articles of association with each member’s signature (in the presence of a witness).

4. Register for income tax by applying for a National Tax Number (NTN) at the tax facilitation center of the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR)