Partnerships can be established by two or more individuals in accordance with the provisions outlined in the Partnership Act of 1932 to initiate a business venture in Pakistan. Below is the step-by-step process to register a firm:
Step-by-Step Process:
- Document Preparation:
- Gather all necessary documents as outlined in the section below.
- Application Form (Form-I):
- Download the application form (Form-I) and complete it accurately.
- Partnership Deed:
- Draft a Partnership Deed on a Stamp Paper worth Rs. 1000/-.
- Registration Fee Payment:
- Pay the registration fee of Rs. 1000/- at the National Bank of Pakistan (NBP) using a Challan Form under the Head of Account: C-03545.
- Affidavit Preparation:
- Prepare an affidavit affirming the accuracy of the documents and the existence of the firm’s office on a Stamp Paper worth Rs. 5/-.
- Submission of Application:
- Visit the Citizen Facilitation Center, Mauve Area, G-11/4, Islamabad, to submit your application along with the required documents.
- Physical Appearance before Registrar of Firms:
- Following document submission, a date and time will be provided for all Partners/Witnesses to appear physically before the Registrar of Firms along with their original valid CNICs.
- Certificate Collection:
- Partners should contact the office ten days after submitting the documents to collect their registration certificate.
Required Documents:
- Form-I
- Partnership Deed on a Stamp Paper worth Rs. 1000/-
- Receipt for Registration Fee submission in NBP
- Affidavit on a Stamp Paper worth Rs. 5/-
- Copy of lease agreement/ownership of the office address along with a utility bill copy (Firm’s office should be in a Commercial Area)
- Copy of Computerized valid CNIC of all Partners and Witnesses.
Note: All documents must be attested by a Notary Public.