Investor Presentaiton
Sale Tax Registration can now be obtained within minutes through FBR Portal IRIS which means
time involved in procedure 5 of Sales Tax Registration Number (STRN) has reduced from 1 week
to 0.5 day.
The provisions regarding company's common seal through amendments in Companies Act 2017
(section 18, 23, 62, 137, 201, 203, 337) have been omitted. The amendments are made through
an ordinance called "The Companies Amendments Ordinance 2020".
Procedure for Incorporation of a Company
S#
Procedure (Lahore)
Responsible
department
SECP eportal
Time to
complete
Less than
Cost (PKR)
https://eservic
1
Obtain PIN for company incorporation submission from SECP
PKR 100
es.secp.gov.pk
2
Reserve the name, register company, pay incorporation fees,
obtain a NTN and register with Excise & Taxation Department,
the Punjab Employees Social Security Institution (PESSI),
Employees Old-Age Benefits Institution (EOBI) and Labor
Department of Karachi on the Securities & Exchange
Commission of Pakistan (SECP) e-portal
www.eservices.secp.gov.pk/eServices
/eServices/)
SECP, Excise &
Taxation
Department,
PESSI, EOBI,
Labour
department
one day
(Online
procedure)
1 day
Name reservation
fee (PKR200)+Filling
fee (PKR400)+Regis
tration fee for
online submission:
PKR1000 for
capital below PKR
100,000.
3
Open a bank account for tax registration
Bank
1 day
No charge
Apply for a Sales Tax Registration Number (STRN) at the tax
facilitation center of the Regional Tax Office (RTO) of the
Federal Board of Revenue (FBR) in Lahore
4
Submit the application Form STR-1 at any tax facilitation
counter at the nearest Regional Tax Office (RTO)
Inspection by the tax officer
RTO of the FBR
0.5 day
No charge
in Lahore
Reforms in process:
SR#
Action Item
Responsibility
1
Integrate Business Registration Portal with Federal Board
of Revenue (FBR) (In process)
Chairman PITB
2
SECP is working on a One-Window facilitation for opening
bank accounts for the applicants.
SECP
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