Global Law Company (GLC) offers comprehensive professional assistance for individuals looking to register a sole proprietorship business in Pakistan. GLC’s expert team guides clients through the entire registration process, ensuring compliance with legal requirements and providing a seamless experience. Here is an overview of the registration process with GLC’s assistance:

1. Business Name Selection:

GLC assists clients in choosing a unique and distinctive business name that aligns with their business activities. The selected name is crucial for creating a strong brand identity.

2. National Tax Number (NTN) Registration:

GLC facilitates the NTN registration process with the Federal Board of Revenue (FBR). This involves preparing and submitting the necessary documentation for obtaining the National Tax Number. GLC team ensures that all required information, including personal details and business particulars, is accurately provided to expedite the NTN registration.

1. Sales Tax Registration:

If the sole proprietorship will engage in taxable supplies, GLC supports clients in registering for sales tax with the FBR. This includes preparing and submitting the required documentation to obtain the Sales Tax Registration Number (STRN). GLC ensures that clients understand their tax obligations and helps them navigate the sales tax registration process efficiently.

4. Chamber of Commerce Registration:

While not mandatory, GLC advises clients on the potential benefits of registering the sole proprietorship with the local Chamber of Commerce. This registration can provide networking opportunities and access to business resources. GLC guides clients through the Chamber of Commerce registration process, if they choose to pursue this option.

5. Business Bank Account Opening:

• GLC assists clients in opening a dedicated bank account for the sole proprietorship. This involves coordinating with banks to ulfil account opening requirements, including providing the necessary business registration details.
• Having a separate business bank account is crucial for managing financial transactions related to the sole proprietorship.

2. Licenses and Permits:

• GLC provides guidance on identifying and obtaining any necessary licenses or permits based on the nature of the business. This may include municipal licenses, health department permits, or industry-specific certifications. GLC team ensures that clients are aware of and ulfil all regulatory requirements for their specific business activities.

3. Additional Support from GLC:

• GLC offers ongoing support and consultation to clients, addressing any queries related to their sole proprietorship and ensuring continued compliance with legal and tax obligations. Global Law Company’s professional assistance streamlines the process of registering a sole proprietorship in Pakistan. By leveraging GLC’s expertise, clients benefit from a hassle-free registration experience, accurate documentation, and ongoing support for their business endeavors.

Feel free to reach out to Global Law Company for further assistance or to schedule a consultation.