REAL ESTATE AGENTS’ REGISTRATION IN LAHORE, PAKISTAN

In Pakistan, people who deal with real estate issues are known as property dealers or real estate agents. They charge commission from sellers and buyers for providing services. Property dealers or estate agents in Pakistan must be registered under the following law with the Punjab Excise and Taxation Department: The Punjab Real Estate Agents and Motor Vehicle Dealers (Regulation of Business) Ordinance 1980 requires estate agents to register as a proprietor concern, partnership firm, private limited company, or a limited liability partnership. In addition, real estate agents are also required to register with the Federal Board of Revenue.

CONSTRUCTION COMPANY REGISTRATION IN LAHORE, PAKISTAN

The construction industry in Pakistan is regulated by different sets of laws. For example, it is required by law that for the purpose of registering a construction company, construction or operator approved by Pakistan Engineering Council must be offered Directorship in the company. The construction company registration process in Pakistan is divided into three parts:
1. Registration of company with the Securities and Exchange Commission of Pakistan (SECP)
2. Registration with the Federal Board of Revenue (FBR)
3. Registration with the Pakistan Engineering Council (PEC)

RECENT INCENTIVES GIVEN TO CONSTRUCTION INDUSTRY BY GOVERNMENT OF PAKISTAN

The Pakistani government has announced a special relief package for the construction sector, giving it official industry status. The main points of this package are as follows:
- The Construction Industry Development Board will be set up to support the sector.
- A subsidy of Rs.30 billion has been granted for the Naya Pakistan Housing Scheme.
- Individuals and companies investing in the construction sector will not be asked about their source of income.
- Construction in the Naya Pakistan Housing Scheme will be exempt from up to 90% of taxes.

REGISTRATION WITH THE FEDERAL BOARD OF REVENUE

After your company is registered, it is required to be further registered with FBR. However, in a recent development, business NTN is automatically issued upon registration of your company by SECP. This means that no further documentation is required for the purpose of registration with FBR.

REGISTRATION WITH THE PAKISTAN ENGINEERING COUNCIL

The Pakistan Engineering Council (PEC) is a regulatory body established under the Pakistan Engineering Council Act of 1976. It is responsible for regulating the engineering profession in Pakistan and works to protect the public interest by ensuring that only qualified engineers are allowed to practice. The PEC also accredits engineering programs offered by universities and higher education institutes in Pakistan. In order to construction companies to be able to participate in any governmental projects in Pakistan, they are required by law to first register with the Pakistan Engineering Council (PEC). This registration is essential and mandatory for all construction companies based in Pakistan.

LIST OF DOCUMENTS REQUIRED FOR REGISTRATION WITH PAKISTAN ENGINEERING COUNCIL (PEC)

The following is a list of documents required at the time of registration application submission to the Pakistan Engineering Council:
- Fill out the registration application form
- Copies of CNICs of all directors (in case of a company), partners (in case of a firm)
- The original fee payment voucher
- The bank statement for the last financial year or audited financial statement/accounts certified by a Chartered Accountant in Pakistan
- Copy of NTN Certificate (Company/Firm/Proprietorship)
- List of machinery and equipment construction company, if any owned
- Contract or agreement with the machinery supplier, if any

How to Incorporate a Construction Company in Pakistan

REAL ESTATE AGENTS’ REGISTRATION IN LAHORE, PAKISTAN

CONSTRUCTION COMPANY REGISTRATION IN LAHORE, PAKISTAN

RECENT INCENTIVES GIVEN TO CONSTRUCTION INDUSTRY BY GOVERNMENT OF PAKISTAN

REGISTRATION WITH THE FEDERAL BOARD OF REVENUE

REGISTRATION WITH THE PAKISTAN ENGINEERING COUNCIL

LIST OF DOCUMENTS REQUIRED FOR REGISTRATION WITH PAKISTAN ENGINEERING COUNCIL (PEC)

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