Ebridge – Your Legal Partner to Facilitate in Registration Processes
Creating a new construction company is a legal process with demands that are focused on business. It could be simple to register a construction company in Pakistan with PEC. Experts at Ebridge help you determine the required category and specialty codes with PEC.
Registering a Construction Company
It’s never easy to launch a new business. In addition to the initial investment, ongoing expenses, and establishment of an office, you also need to register with several regulatory and tax agencies. If you wish to register a construction company in Pakistan, you’ll need to take extra steps to ensure that you have the proper licensing than most other businesses.
Here’s a step by step guide for registering a construction company in Pakistan. The registration involves three stages:
- Registration of a Company with Securities and Exchange Commission of Pakistan (SECP).
- NTN Registration with the Federal Board of Revenue (FBR).
- Registration with the Pakistan Engineering Council (PEC).
Registration With The Pakistani Securities And Exchange Commission
- Obtaining a Business Name Reservation
- Preparation and submission of incorporation documents
- Memorandum of Association
- Articles of Association
- Filing Price
- Application Registration: PKR 1800
- Offline Submission: PKR 3500
Registration With The Federal Board of Revenue (FBR)
After registering with the Securities and Exchange Commission of Pakistan, you must register your company with the Federal Board of Revenue (FBR) for taxation. To be eligible for NTN, you must provide all the necessary information and documentation.
- Form for obtaining a national tax
- identification number Proof of company
- registration Memorandum
- Association Articles
- Association Bank account number
- CNIC copies for all directors
- Business address that has been verified
Registration With The Pakistan Engineering Council (PEC)
Since no civil or government construction projects can be accepted without first receiving a no-objection certificate (NOC) from the top council, it is essential for construction companies to register with the Pakistan Engineering Council (PEC).
PEC Contractor Category List
Contractor categories are C6, C5, C4, C3, C2, C1, C-B & C-A.
PEC Operator Category List
Operator categories are O6, O5, O4, O3 O2, O1, O-B & O-A.
The required documents are:
- The application form
- Copies of each director’s, partner’s, and shareholder’s CNIC
- Receipt for the initial fee
- A certified audited financial account by a Chartered Accountant or the bank statement from the previous year
- NTN copy of certificate
- An Organizational Chart that has been officially approved by the CEO, a list of the construction company’s machinery and equipment, any contract agreements with equipment suppliers, and more.
- A notarized certificate of sole proprietorship OR a copy of the partnership deed and Form C may be required, depending on the business.
- A certificate of incorporation
- The CEO, directors, and investors sign an undertaking on paper with a PKR 100 stamp
Why is PEC Registration required by Construction Companies?
All Contractors and Operators are required by PEC regulations to hold active PEC registration. Construction companies won’t be permitted to carry out public works unless they have a current PEC registration certificate. Construction companies and engineering firms that carry out work without a current PEC license must pay a fine. In short, PEC will apply a fine/penalty that is equal to three times the annual category charge.
Consult with us for your PEC construction builders license in Islamabad, Lahore, Karachi, Peshawar, and other cities.
To register your business, drop us a message, our team will revert asap.