Services for Pakistan

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Company Setup in Pakistan

Are you considering to set up a Business entity in Pakistan?

What region in Pakistan to pick for company registration?

It is only possible to answer this question by having a clear vision of your goals and objectives and by understanding laws and rules of the land. Irrespective of the region you decide to operate your company within Pakistan from, the company will be registered with the Securities and Exchange Commission of Pakistan (SECP) and will be legally liable to operate according to the relevant compliance framework passed by the Commission or any other relevant regulatory body.

Once the nature and functioning of your company is determined we help you register your company with the relevant institutions.

Brief

The Securities and Exchange Commission of Pakistan (SECP) is the regulator of companies in Pakistan. The SECP is responsible for overseeing the registration and regulation of companies operating in Pakistan, including;

  1. Private Limited Company: This type of company is privately held and has limited liability for its owners. The company is required to have at least two shareholders and a maximum of fifty.
  2. Public Limited Company: This type of company is listed on a stock exchange and is publicly traded. It has a minimum of seven shareholders and is required to have a higher level of transparency and disclosure.
  3. Single Member Company: This type of company is owned by one person, who is also the sole director. This type of company is not required to have a minimum number of shareholders.
  4. Limited Liability Partnership (LLP): This type of company combines the features of a partnership and a limited liability company. The partners are not personally liable for the debts of the company and the company is considered a separate legal entity from its owners.
  5. Foreign Company: A foreign company is a company that is incorporated outside of Pakistan but operates in the country.
  6. Non-Profit Organization: This type of company is set up for the purpose of serving a social or charitable cause and does not distribute profits to its owners.

These are the main types of companies regulated by the SECP in Pakistan. The SECP is responsible for ensuring that these companies comply with the legal and regulatory requirements in the country.

Of the six types listed, small and medium companies typically register as either SMC (type 3) or Pvt Ltd LLC (type 1) while some law firms register as LLP (type 4).

We recommend that you to register as type 1 or 3 and will therefore explain them further. We shall begin with private limited companies, some of their key features are;

  1. Ownership: A private limited company is owned by private shareholders and is not publicly traded. There is a minimum of two shareholders and a maximum of fifty shareholders.
  2. Liability: The liability of the owners is limited to their invested capital in the company. This means that the owners are not personally responsible for the debts and obligations of the company.
  3. Management: The management of a private limited company is vested in its directors, who are appointed by the shareholders. The directors are responsible for running the day-to-day operations of the company.
  4. Capital: A private limited company must have a minimum paid-up capital of PKR 200,000.
  5. Reporting: Private limited companies are required to prepare and file financial statements with the SECP on an annual basis. They are also required to hold annual general meetings (AGMs) and provide regular reports to shareholders.
  6. Dissolution: A private limited company can be dissolved if the shareholders vote in favor of dissolution, or if the company is unable to meet its obligations and is declared insolvent by a court.

These are some of the key features of private limited companies in Pakistan. They provide a flexible and relatively straightforward way for entrepreneurs and investors to establish and run a business, while also limiting their personal exposure to risk.

Now moving to SMC(s), it is a type of company in Pakistan that is owned and operated by one person. Some key features of SMC(s) are;

  1. Ownership: A single member company is owned by one person, who is also the sole director of the company.
  2. Liability: The liability of the owners is limited to their invested capital in the company. This means that the owners are not personally responsible for the debts and obligations of the company.
  3. Management: The owner of a single member company is responsible for managing the day-to-day operations of the company.
  4. Capital: A single member company must have PKR 100,000 as paid up capital.
  5. Reporting: Single member companies are required to prepare and file financial statements with the SECP on an annual basis.
  6. Dissolution: A single member company can be dissolved by the owner at any time, or if the company is unable to meet its obligations and is declared insolvent by a court.

These are some of the key features of single member companies in Pakistan. This type of company is a simpler and less formal structure that is well-suited to small businesses or entrepreneurs who prefer to have complete control over their business. However, it is important to note that the owner is personally responsible for all debts and obligations of the company.

Employee Leasing / Outstaffing Services

Entering a new market venture is a game-changer, especially when deploying your workforce directly in the GCC region. If establishing a legal entity seems premature but you wish to harness the impact of having your own employees operating across the Gulf Cooperation Council (GCC) countries, Meena Business Consultancy Services has a tailored solution for you. Our clientele attests to the success of employee leasing, particularly for functions like sales & marketing, business development, distributor management, and service & maintenance.

Employee leasing offers a rapid, adaptable, and seamless solution. It allows for a smooth transition to your subsidiary when your business expands and also provides a swift exit strategy if needed. By entrusting administrative tasks and local requirements to us, our clients can concentrate on their core business development without distractions.

Key Features of Employee Leasing with Meena Business Consultancy Services:

– Fast, flexible, and smooth entry into the GCC region,

– Complete control over business development with a dedicated team

– Ideal for building, managing, and supporting distributors and key accounts

– Customized recruitment to align the local team with your corporate culture

– Freedom from time-consuming local administrative tasks

– Seamless market exit when required

– Integration of your employees with motivational events

– Professional business environment with a dedicated office space.

Scope of Employee Leasing / Outstaffing Services:

Our comprehensive services cover every aspect of employee leasing across the GCC countries:

– Client-specific search & selection.

– Negotiation of employment conditions and contract conclusion.

– Recruitment and employment handled by Meena Business Consultancy Services’ local partners in each GCC country.

– Provision of work and residency permits for the respective countries.

– Negotiation and payment of health insurance in compliance with local regulations.

– Professional payroll accounting within international standards.

– Expense and allowance management with client approval.

– IT infrastructure supply, including laptops, landline phones, and mobile phones.

– Support for travel visas and international health insurance.

– Mailing services.

– Work reports and KPIs

Why Entering the GCC Region is important for your business growth:

The GCC region serves as a strategic hub, boasting economic diversity, political stability, developed infrastructure, and a favorable business environment. Key points include:

1) Economic Stability:

– The GCC countries, including Saudi Arabia, the United Arab Emirates (UAE), Qatar, Bahrain, Oman, and Kuwait, exhibit strong economic stability. Their economies are largely driven by oil and gas, but concerted efforts are being made to diversify into various sectors, ensuring resilience against fluctuations in commodity prices.

2) Strategic Location and Connectivity:

– Geographically situated at the crossroads of Europe, Asia, and Africa, the GCC region serves as a strategic hub for businesses. With modern and well-connected transportation infrastructure, including major airports and seaports, it offers seamless access to global markets.

3) Business-Friendly Environment:

– Many GCC countries have implemented business-friendly policies, providing a conducive environment for foreign investments. Incentives such as tax exemptions, simplified business registration processes, and various free zones make it attractive for companies looking to establish a presence in the region.

4) Diversification of Industries:

– The GCC is actively diversifying its economies beyond oil and gas, with a focus on sectors like tourism, technology, finance, healthcare, and renewable energy. This diversification provides opportunities for businesses across a wide range of industries.

5) High Standard of Living and Skilled Workforce:

– The GCC nations boast a high standard of living and have invested significantly in education and skill development. This has resulted in a skilled and multicultural workforce, making it easier for businesses to find talent across various sectors.

These factors collectively contribute to the attractiveness of the GCC region for businesses seeking opportunities in a dynamic and evolving market.

Market Research/Market Entry Strategies

MARKET STUDY, MARKET ASSESSMENT/ MARKET ENTRY STRATEGY

For more than 6 years, we have helped our clients understanding emerging markets by conducting market research projects. To understand your target market, we offer three approaches:

  1. Market research
    B. Market assessment
    C. Market entry strategy

Market Research is an important tool to understand the market conditions, the market size, the competition, and the trends. This gives you important insights before entering the market, setting the strategy, or deciding on local investments. If you would like to have an easy-to-read and clear-cut formatted report which is prepared according to your questions, we are the right partner for you.

Advantages of conducting a Market Analysis with Meena Business Consultancy Services

We offer:

  • relevant insight. No matter how niche your sector is, we look at the market through the eyes of our clients, talk to the right people and understand how to filter the relevant data.
  • a tailor-made research scope, from answering a few questions up to a fully comprehensive market analysis.
  • a flexible approach and can integrate our clients into the project steering, enabling them to dynamically adjust the research focus according to upcoming findings.
  • a highly developed methodology to research the markets.

Our Market Research Methodology and Tool

We have proven methodology and tools which we can easily customize to your research needs.

Each research project can be a unique combination of:

  • Desk research
  • Phone interviews
  • Face-to-face in-depth interviews
  • Site visits
  • Online surveys
  • Focus Groups

Typical Scope for Market Research

  • Market size
  • Market structure
  • Sales & distribution channels
  • Key players (competition, customers and other stakeholders)
  • Market shares
  • Trends & developments
  • Forecasts
  • Cost structure
  • Location analysis
  • SWOT analysis

We can also provide more insight by a detailed competition analysis & benchmarking.

Business Visa

We offer you visa facilitation and advice services to Pakistan. We have comprehensive experience and expertise in what we promise and deliver, and thus have no parallel when it comes to serving corporate clients. Our heritage of quality client servicing and delivering the best to clients, have made us earned the first choice of visa and residency services. We follow a series of highly advanced, precise and streamlined processes to ensure our clients’ absolute security and confidentiality and follow all national and international laws and regulations regarding private data protection such as the EU General Data Protection Regulation also known as GDPR.

Export Loans & L/C

Are you looking for export financing?

Finding suitable banks for buyer credits and confirmed LCs isn’t always easy, whether you are looking to finance your imports or are helping your buyer find inexpensive financing. This applies especially to shipments to emerging and developing countries. Our large selection of international banks ensures that you can find inexpensive financing even for difficult markets.

Would you like to simplify your search for financing?

Time is money. E-Mails and telephone calls lead to long communication chains and appointment coordination between you and your (core) banks.
What if you could forego this tedious back and forth and also save time by being able to control and analyze your financing all in one place?

Your Benefits at a Glance

When it comes to efficiency, digital platforms are unrivaled. This is why we together with our partner support, a fully automated digital marketplace. It simplifies the process of finding and analyzing financing offers.
Both experienced buyers and suppliers can make financing requests.
The marketplace was developed in close co-operation with a dozen reputable machine and plant manufacturers. Particular emphasis was put on the security of our infrastructure.

What are the conditions and fees for receiving an export loan or a confirmed L/C?

Administration fees:

  1. Buyer – free of charge
  2. Seller – Export loan 249 Euro per inquiry and for L/Cs 99 Euros per inquiry

Conditions:

  1. A) Products and services from Western Europe to Emerging markets are eligible
  2. B) Buyer credits starting from USD 5 million and a minimum term of 4 years or
  3. C) Confirmed LCs of at least EUR 100,000 with a maximum term of 360 days
  4. D) Products and services from exporters (companies) known to European banks (e.g., Siemens,

GE, SMS, Kaeser, Aerzener Maschinenfabrik etc.)

or

  1. E) Borrower is a local Treasury or Energy Department or
  2. F) Borrower is one of the 3 largest energy companies in the country or
  3. G) Borrower is a larger company (sales at least (!) USD 50 million) and has an irrevocable / objection-free Payment guarantee, i.e., from one of the 3 largest energy companies in the world
  4. H) For an L/C: the opening bank must be one of the three best banks in the country

Due Diligence

Our due diligence services include independent investigations in the target company’s operating qualifications, operating status, background of management staff, market risk and management risk. In addition, we conduct comprehensive review of the target company’s compliance with respect to its normal business processes. Examples include whether the target company and its internal staff, shareholders and senior management are involved in adverse litigation, corruption and bribery, and understanding the background of the target company’s investors.

Our due diligence reports are relied on by a wide range of industries. They help customers undertake compliance management, assess their partners’ compliance risk and serve as important basis for collaboration with business parties.

We leverage on our advance data, comprehensive and reliable data source as well as our team of experienced professional to conduct objective, full and comprehensive business data such as to help business decision-makers to avoid working with organizations with irregular operations, thereby preventing them from incurring financial loss or even legal penalties or administrative fines. Enterprises can rest assured that their business dealings with partners can grow in a reliable and healthy manner.

Looking for a Business Partner? Contact Us