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Property Law

What is Capital Value Tax on Real Estate in Pakistan ?

Capital Value Tax on Real Estate Related Transactions in Pakistan

The Capital Value Tax is applicable in urban areas for residential property exceeding an area of one kanal and in case of commercial properties without any threshold of land area or size of the property.

The Capital value tax at the rate of 2 percent of recorded value has been levied vide Finance Act, 2006.

Where the value of such property is not recorded, the CVT is payable at Rs. 50 per square yard of land area.

All transfers falling under the scope of purchase, gift, exchange, surrender, power of attorney and relinquishing the rights have been subjected to the capital value tax. However, transactions between spouses, parents, grand parents, brothers and sisters through gift and inheritance have been excluded from its purview.

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Law Firm in Pakistan dealing with Commercial and Residential Property and Litigation Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

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Corporate Law Pakistan Company Registration

Formation of Company in Karachi Pakistan

Formation of Company in Karachi Pakistan. Incorporation and Registration of Company to start business in Pakistan.

Top Law Firms in Karachi PakistanOur Law Firm is well recognized for offering services for registration of a company in Pakistan, registration of a Private Limited Company in Pakistan, registration of a Single Member Company in Pakistan, registration of a Pubic Limited Company in Karachi, Lahore, Islamabad, Hyderabad and Thatta, Pakistan. The Private Limited Company is Generally called as Pvt. Ltd., Company in Pakistan.

We provide most easiest ways and services for Business Start-up in Pakistan. For registration of a private limited company in Pakistan, following documents are required:-

  • Copy of national identity card or passport, in case of foreigner, of each subscriber and witness to the memorandum and article of association.
  • Drafting and submission of Memorandum and articles of association.
  •  Form – 1 (Declaration of Compliance).
  • Registration/filing fee.

There are two stages for Registration of Company in Pakistan i.e. :-

  1. Availability of Name Search.
  2.  Documents for registration of a limited company

The Securities and Exchange Commission of Pakistan (SECP) registered 422 companies in April 2012 as compared to 370 companies during the previous month, showing an increase of 14 percent.
Company Registration CostsAn increase in the incorporation of companies has been witnessed, which is a sign of healthy growth and development of the corporate sector. The private companies have the highest share in new incorporation totalling to 385, followed by 26 single-member companies, four public unlisted companies, four non-profit association and three foreign companies. Of the three foreign companies, each belonging to the Turkey, the UK and South Korea were registered in Karachi. Foreign investment by France, Luxembourg, Netherlands, Australia, UK, Germany and Denmark nationals was witnessed in four new local companies registered in Lahore, Karachi and Islamabad in trading finance and banking, engineering and power generation.

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.

Irfan Mir Halepota & Associates

Karachi Office

Office # E-26, Executive Floor,
Glass Tower,
Khayaban-e-Iqbal (Clifton Road),
Teen Talwar, Clifton,
Karachi, Sindh,
Pakistan.

 

Telephone No.  +92-21-35642634
Mobile Phone No. +92-321-2057582
Mobile Phone No. +92-300-8233580

Email: info@irfanlaw.com
Website: https://www.irfanlaw.com

You can Contact Us for detailed consultation.

Irfan Mir Halepota, Advocate Supreme Court of Pakistan.

Telephone: 0321-2057582

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

 

Company Corporate Business plan in Pakistan Karachi business setup registration in Pakistan.

Pakistan Incorporation of Company

 

 

 

 

 

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial, Intellectual Property, Partnership and Company incorporation Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582

 

 

Categories
Corporate Law Pakistan Business Setup Pakistan Company Registration

REGISTRATION OF FOREIGN COMPANY IN PAKISTAN

REGISTRATION OF FOREIGN COMPANY IN PAKISTAN

1.1 Who needs to deliver the requisite documents?

Recommended Law Firm in Karachi Pakistan by Legal 500
Recommended Law Firm in Karachi Pakistan by Legal 500

Every foreign company which establishes a place of business in Pakistan has to deliver the requisite documents to the registrar concerned within 30 days of establishment of a place of business in Pakistan.

1.2 What is a Place of Business?

A place of business includes branch, management, share transfer or registration office, factory, mine or fixed place of business but does not include an agency unless the agent exercises a general authority to negotiate and conclude contract or maintains stock of merchandise on behalf of the company.

Following are the exceptions:

1. Company shall not be deemed to have an established place of business in Pakistan merely because it carries on business dealings in Pakistan through a bona fide broker or general commission agent acting in the ordinary course of his business.

Leading Law in Pakistan
Leading Law in Pakistan.

2. The fact that a company has a subsidiary which is incorporated, resident, or carrying on business in Pakistan, shall not of itself constitute the place of business of that subsidiary an established place of business of the company.

1.3 What are the steps for registration of a foreign company?

Registration of a Foreign Company comprises of following two steps:

1. Seek Availability of Company Name

2. Documentation

Step 1. Seek Availability of Company Name:

The first step in the process of registration of a Foreign Company is to seek availability of name of the proposed company from the registrar. The name of  the proposed company should not be:

• Inappropriate 5

• Deceptive.

• Designed to exploit or offend the religious susceptibilities of the people.

• Identical or having close resemblance with already existing company.

• Suggesting connection with any Government or its organization or any international organization.

Fees for seeking availability of company name through online .

Submit Your Query For a Legal Advice

 
Law Firm in Pakistan dealing with Commercial, Intellectual Property and Corporate Laws of Pakistan.
E-26, Glass Tower, Clifton
Karachi, Sindh
PK
Phone: +92 321 205 7582