ESTABLISHMENT OF BRANCH OFFICE AND LIAISON OFFICE BY FOREIGN COMPANIES IN PAKSITAN
Board of Investment (BOI) grants permission to foreign companies to open their Branch Office and Liaison Office in Pakistan.
BOI (Islamabad & Karachi Offices) have issued 551 permissions during 2007-2010 in respect of opening/extension of Branch and Liaison Offices in Pakistan.
Branch Office is established by a foreign company to fulfill its contractual obligations with the public or private sector in Pakistan. Their activity will be restricted to the work mentioned in the agreement / contract signed. However they cannot indulge in commercial / trading activities.
Liaison Office is established by a foreign company for promotion of products(s), provision of technical advice & assistance, exploring the possibility of Joint Collaboration and export promotion. However, they can not undertake any commercial / trading activities.
The request for opening of Branch office or Liaison Office is processed and finalized within 6-8 weeks time, provided that the company fulfills all requirements and concerned quarters have no objection. The permission is issued for a period of 3-5 years, further renewable on submission of performance report with regard to Liaison Office and up to the completion of valid contract/agreement period in case of Branch Office.
Step-1 : To download and send along with six sets of following documents:
i. Application Form (duly filled in and signed with stamp)
ii. Copy of registration of the foreign company duly attested by respective Pakistani Embassy;
iii. Copy of Articles and Memorandum of Association duly attested by Respective Pakistan Mission;
iv. Copy of Resolution / Authority letter of the company to establish Branch / Liaison Office in Pakistan;
v. Copy of contract / agreement (in case of Branch Office Only)
vi. Company Profile; and
vii. Designated person authorized to act on behalf of the company
Opening of Branch and Liaison Office processing Official (Government) fee is as follows:
– Opening of Branch Office Charges per annum
i. Regular Permission (initial registration US $ 3000 for a period of one year.
ii. Renewal Charges for each year US $ 1000 (1-5 years renewal based on the request of the company)
– Opening of Liaison Office Charges per annum
iii Regular Permission (initial registration US $ 2000 for a period of one year.
iv. Renewal Charges for each year US $ 500 (1-5 years renewal based on the request of the company)
The amount is also acceptable equal in Pakistani rupees and shall be deposited in the Board of Investment PLS Account No. 44991-2 being maintained with National Bank of Pakistan, Main Branch, Civic Centre, Islamabad.
On receipt of complete documents, BOI examines the documents and circulate the request to all concerned quarters for their views / comments.
Having received clearances from all concerned quarters / agencies, BOI grants permission to foreign company to open their Branch / Liaison office in Pakistan.
Irfan Mir Halepaota & Associates has been ranked as one of the top and Best Corporate Law Firms in Pakistan by the Legal 500, HG and other International Directories of Law Firms.
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Irfan Mir Halepota, Advocate Supreme Court of Pakistan.
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