ESTABLISHMENT OF BRANCH OFFICE AND LIAISON OFFICE BY FOREIGN COMPANIES IN PAKSITAN

top_law_firms_pakistanESTABLISHMENT 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:

Branch Office PakistanBranch 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:

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.

PROCEDURE

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.

Step-2 :

On receipt of complete documents, BOI examines the documents and circulate the request to all concerned quarters for their views / comments.

Step-3 :

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.

Submit Your Query For a Legal Advice

For rapid response you can also submit your Query at WhatsApp on +92 321 205 7582 For a Legal Advice
 
Law Firm in Pakistan dealing with Civil Litigation, Commercial, Intellectual Property, Real Estate and Family Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

Registered office Karachi Pakistan

Top Law Firms in Karachi Pakistan
Registered office Karachi Pakistan, Every company in Pakistan must have a registered office -€“ an official address that will be held on public record at the Companies Registry in the relevant jurisdiction.

The registered office should hold company documents including:

  • The Memorandum
  • Articles of Association
  • The Register of Directors, members and charges
  • Copies of any documents submitted to the Companies Registry

In addition to a registered office, a number of countries require a company to have a registered agent instead of a company secretary.

The registered agent normally provides the registered office address and assumes responsibility for liaising with the local Companies Registry. They must also receive all legal and tax papers and any notices addressed to the company.

Branch Office PakistanSome jurisdictions require the registered agent to hold a licence to perform the role. In Pakistani registered Lawyers can provide services as a licensed corporate service provider, we can provide registered agent and office services in Karachi, Lahore, Islamabad, Hyderabad and Thatta,  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.

If you require more information, Feel Free to Contact Us for detailed consultation.

Telephone: +92-321-2057582

Regular Website:  http://www.irfanlaw.com

 

Submit Your Query For a Legal Advice

For rapid response you can also submit your Query at WhatsApp on +92 321 205 7582 For a Legal Advice
 
Law Firm in Pakistan dealing with Civil Litigation, Commercial, Intellectual Property, Real Estate, Family and Corporate Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

Virtual Office in Pakistan Company registration with registered office service in Karachi Pakistan

Schedule of Legal Professional Fees for Corporate Services in Karachi Pakistan

1. Registration of Private Limited Company
•Professional Charges for Registration= Rs. 20,000/- on share capital of Rs 1,00,000/-
•Expenses = Rs. 18,000/ on share capital of Rs. 1,00,000/
•Advice on complete procedure for registration (not necessary)=Rs. 3,000/-
2. Registration of Public Limited Company
•Professional charges= Rs. 2,00,000/-
•Costs and expenses according to the authorized share capital of the proposed Company.
3. Registration of a Partnership
•Professional charges = Rs.7000/-
*Costs and expenses = Rs.2, 500/-
•Advice on complete procedure for registration (not necessary)=Rs.2000/-
4. Joint Venture Agreement
• Professional charges = Rs. 50,000/-
5. Establishing a place of business in pakistan of a foreign Company
• Professional charges = Rs.30,000/-
•Advice on complete procedure for registration (not necessary)=Rs.10,000/-
6. Registration of company (NGO) U/s 42 of company registration
• Professional charges = Rs.30,000
•Costs and expenses = Rs. 64,000 (Online)
B. National Tax Number Certificate (NTN) and Sales Tax Registration
1. NTN Certificate.
• Professional charges = Rs.3,000/-
2. Sales Tax Registration.
•Professional Charges = Rs. 4000/-
C. Opening a Bank Account

1. Board of Directors Resolution (Drafting)
•Professional Charges = Rs.2,000/-
1.Trade Mark/ Service Mark Registration (in one class only)
*Professional Charges for Registration=15000/-
Registration costs and expenses are as under:
Trade Mark search fee in (one class): Rs. 1,000/-
Trade Mark application fee in (one class): Rs.2,000/-
Trade Mark Certificate fee: Rs. 6000
Miscellaneous Expenses: Rs. 1500/-
SubTotal: Rs.10500/-
D. Intellectual Property Right (Such as Trademark, Patent. Copyright) Registration

2. Copyright Registration (one work only)
• Professional Charges = Rs.20,000/-
• Expenses = Rs. 10,000/-
• Advice on complete procedure for registration (not necessary)=Rs. 5,000/-
3. Patent or Design Registration (one only)
• Professional Charges = Rs.20,000/-
•Expenses = Rs. 10,000/-
•Advice on complete procedure for registration (not necessary)=Rs. 5,000/-
E. Intellectual Property Rights and Licensing Agreement(s)
1.Trade Mark Licensing Agreement (Drafting)
•Professional Charges = Rs.20, 000/-
2. Franchise Agreement (Drafting)
• Professional Charges = Rs.35, 000/-
F. Purchase / Rent of Office
1. Sale Deed (Drafting only)
• Professional Charges = Rs. 4,000/-
•Costs and Expenses according to the value of the property.
2. Lease Agreement (Drafting only)
•Professional Charges =Rs.75,00/-
G. Import / Export / Licenses / Permissions from
Government Department
Legal Advice concerning any import export license and or approvals, permissions
NOC’s, licenses, registrations with any Government Authorities / Departments.
•Professional Charges = Rs.20, 000/-
H. Taxation Related Matters
Legal Advice regarding Custom Duty and Sales Tax as per rate(s) of levy how and when payable and income tax implications.
• Professional Charges = Rs.20, 000
1. Employment Contract
Professional Charges = Rs.10,000
Any Modification = Rs.3000/-
I. Employment Related Meters
K. Other Miscellaneous Matters
1. Business Sale / Purchase Agreement
• Professional Charges = Rs.20, 000
2. Sale/ Purchase of Goods Agreement
• Professional Charges =Rs.20, 000
3. Provision of Service Agreement
•Professional Charges = Rs.20, 000
4. Pakistan Software Export Board Registration
•Professional Charges = Rs.15, 000
5. Employment Promoter’s License
•Professional Charges = Rs.25, 000
6. Licensing of a Security Company
• Professional Charges =Rs.20, 000
7. Licensing for Restaurants
• Professional Charges = Rs.20, 000
8. Licensing For Hotels
•Professional Charges = Rs.30, 000
9. Licensing of Pharmaceutical Company
• Professional Charges = Rs.30, 000
10. Licensing of Pharmaceutical Company
•Professional charges=Rs.25000
•Costs and expenses as per the category of Constructor/Operator
L. Retainer-ship services
After setting up of the business enterprise you may avail our retainer ship services.
Retainer-ship services include complete legal documentation and it is a full legal cover
as far as legal documentation is concerned. However, it does not cover litigation
services or costs and expenses, Government fees etc.

Retainer-ship charges for small sized companies i.e. number of employees between 1 to 12 is Rs.10, 000 per month.

Retainer ship charges for medium sized Companies i.e. number of employees
between 13 to 50 shall be Rs.15000 to 35000 per month.

Retainer ship Charges for large sized Companies i.e. number of employees
exceeding 50 is Rs.35, 000 plus, per month.

Submit Your Query For a Legal Advice

For rapid response you can also submit your Query at WhatsApp on +92 321 205 7582 For a Legal Advice
 
Law Firm in Pakistan dealing with Civil Litigation, Commercial, Intellectual Property, Real Estate and Family Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582