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Register Private Limited Company

Any two or more persons can form a Private Limited Company under the Companies Act, 2017. It is the most commonly used form of doing business.

Key feature        

·        The financial liabilities of shareholders are limited to the extent of their shares.

·        Fix rate of tax is payable on profit irrespective of size of profit.    

·        Easy to transfer ownership from one person to another.                                             

·        Customers, vendors, etc generally rate companies higher than other types of businesses.   

·        The director can draw a salary from his own business which reduces net income and accordingly tax liability of the Company.                                                            

·        Comparatively more legal compliances as compared to Partnership and Proprietorship.

List of information requirements

·        A suitable Company Name.

·        Principle Line of Business of the Company.

·        Copy of CNIC/NICOP/Passport/POC of each director

·        Cell number of each director registered on their CNIC

·        Email of each director

·        Cell and email for the Company

·        Details of Authorized Capital and Paid-Up Capital

 

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