How to Apply for WEBOC Registration in Pakistan?

Weboc Registration

Weboc has been around since 2011 and has played a key role in facilitating trade for not only traders, but also customs officers and agents. This online system has streamlined the filing process and also contributed to promoting online goods declaration, quick clearances, and a fast-tracking system.

It's commonly believed by traders and startups in Pakistan that getting custom clearance is not only difficult, but also time-consuming. However, with the right tools and information, traders can now easily and conveniently engage in import and export business themselves. The problem is that many don't know this, so they hire custom agents instead who declare goods in their own name or the name of somebody with a Weboc license. The solution is to educate traders about the new paradigm shift in the trading field so that they can take advantage of it. Weboc is a great tool for traders who want to declare their imports and exports, seek clearances, and get duty and taxes assessed.

One of the main benefits of having a Weboc license and making imports and exports through your own Weboc is that you can easily show a trail of your transactions and have no problem confronting the Revenue Authority in case of an audit in the future. So much so, you not merely avoid being taxed for unable to prove and substantiate trail of money before revenue authorities but also generate white money for the purpose of Federal Board of Revenue.

LIST OF DOCUMENTS REQUIRED FOR WEBOC REGISTRATION IN LAHORE FOR PRIVATE LIMITED COMPANY

The following documents are required for company registration:

- Original CNIC of Directors

- Original Nadra Verification receipts of Directors

- Original Income Tax Certificate issued by FBR

- Original Sales Tax Registration Certificate

- Original Incorporation certificate from SECP

- Original Memorandum and Articles of Association attested by SECP

- Form II, Form 29, Form A certified by SECP

- Original Proof of Ownership or rent agreement of Business premises along with photocopy of Landlord

It is mandatory for all businesses in Pakistan to file their latest income tax return with the Federal Board of Revenue (FBR). In addition, businesses must also active taxpayers for sales tax and have a valid original chamber of commerce license. Businesses must also submit their latest original electricity and PTCL bill in relation to their business premises, as well as an original bank statement from the last six months with a minimum balance of Rs. 300,000/-. Lastly, businesses must submit a cash deposit of Rs: 500/- in the form of a bank receipt or pay order in favor of Director Custom. It is important that the Director's personal appearance is professional and presentable. This includes having a visiting card and passport size photographs. The original board resolution for the WEBOC ID should also be included.