Private Limited Company SMCPakistan
What it takes to form, own and run a private limited company in Pakistan, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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having the liability of its members limited by the memorandum to the extent of amount, if any, remaining unpaid on the shares respectively held by them;
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one person may form a single member company by complying with the requirements in respect of registration of a private company
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a single member company shall have at least one director;
The registry’s and the law’s own pages do not mention it.
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(1) For registration of a company whose nominal share capital does not exceed 100,000 rupees, a fee of …. 1,000 2,000
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · individuals only
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a single member company shall have at least one director;
- Shareholders
- At least 1 · at most 1 · a company may be one
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one person may form a single member company by complying with the requirements in respect of registration of a private company
- Members
- At least 1 · at most 1 · one person may form it alone
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one person may form a single member company by complying with the requirements in respect of registration of a private company
- A local company secretary
- Not required
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A public company must have a company secretary; possessing such qualification as may be specified.
- A local registered agent
- Not required
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A company shall have a registered office to which all communications and notices shall be addressed
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Small exempt
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Nothing in this section shall apply to a private company having the paid up capital not exceeding ten million rupees
- Audit for a small company
- Not required
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Provided that nothing in this sub-section shall apply to a private company having the paid up capital not exceeding one million rupees or such higher amount of paid up capital as may be notified by the Commission.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual return
- 150 days after the end of the accounting period
With Registrar of Companies (SECP)
Computed latest date: 120 days to hold the AGM plus 30 days to file, counted from year end (not extended); the statute counts 30 days from the AGM. Within 30 days of the AGM, or of 31 December where no AGM is held (s.130(3)); no filing where no particulars changed, save notice to the registrar for companies other than an SMC or a private company of paid-up capital up to Rs 3 million.
- Copy of audited financial statements to the registrar
- 135 days after the end of the accounting period
With Registrar of Companies (SECP)
Computed latest date: 120 days to hold the AGM plus 15 days to file, counted from year end; the statute counts 15 days from the AGM. Within 15 days of the AGM at which they are laid (30 days for a listed company) (s.233(1)).
What is public
- Directors
- Public
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Every company shall, within a period of fifteen days from the date of appointment of any person referred in sub-section (1) or any change among them, or in any of their particulars, file with the registrar a return in the specified form
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 20–29%
Companies are taxed on taxable income at 29%; a small company (as defined in section 2 of the Ordinance) at 20% (First Schedule, Part I, tax year 2026 onwards).
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Small Company 20% Any other company .. 29%]
- CFC rules in Pakistan
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary winding up: the company passes a special resolution to be wound up voluntarily (Companies Act 2017 s.347(b)), then liquidation; or, where the company has ceased to operate and has no known assets and liabilities, 'easy exit' by application to the registrar (s.426), who publishes a Gazette notice that the name will be struck off and the company dissolved after ninety days unless cause is shown. The registrar may also strike a defunct company off on his own motion (s.425).
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A company which ceases to operate and has no known assets and liabilities, may apply to the registrar in the specified manner, seeking to strike its name off the register of companies on payment of such fee mentioned in the Seventh Schedule.
- Statutory fee
- PKR 5,000
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easy exit of a company by striking its name off the register 5,000 10,000
Every business in Pakistan
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Pakistan.
Payment and banking services
None of the services whose lists we hold names Pakistan. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Private Limited Company (SMC)
- ISO 20275 code
- 88OXSecondary GLEIF, Entity Legal Forms code list