Securities and Exchange Commission of Pakistan (SECP) provides services for single member company registration in Pakistan which is also known as SMC (Pvt-Limited) company registration.
SMC company registration is also known as single owner company because a single person is 100% owner of the company.
The benefit of this company is: the single person is the decision maker and no dependency on it.
Here we discuss about the major and necessary documents for Single Member Company Registration in Pakistan.
Requirements for Single Member company Registration:
First of all, we apply for name availability in company registration office. They issue us name availability letter or reject the proposed company name, usually, it takes 2-3 days for name reservation process.
Once the name reserved, we should apply for user Id, incase of company registration apply online. If you apply company, using manual system, User Id is not required, however you have to pay the double fee for company registration.
Prepare the necessary documents and forms, memorandum of association, articles of association, Form 21, Form 1, Form 29, deposit the appropriate company registration fee and submit the documents for registration.
Once you submitted your documents, officers will examine the documents, if found any error or discrepancy in documents, he/she will write a letter or send email for further documentation. If all the documents are correct, the company registration process will be completed in 7-10 working days.
If you require more information, Feel Free to contact us for detailed consultation.