The decision to choose the right type of establishment for your business is based on many factors
including the sector your business is in and what benefits or drawbacks that sector has. Some major
factors that need to be considered when choosing the right type of establishment for any business
sector are tax benefits and exemptions, loan finance requirements, legal benefits and impediments,
scope and object of business, flexibility of operations, and other underlying factors.
80% of businesses in Pakistan are opened as Sole Proprietorships - the simplest type of business
entity. The Sole Proprietorship registration process is very simple, but it's important to note that
there are different types of business entities in Pakistan, each with its own structure, requirements,
and benefits. Choosing the right entity type is crucial to the success of your business.
Any person who wishes to have a Sole Proprietorship Registration may do so easily, but it's
important to note that only one person can operate or manage the business.
1. Choose a name for your business/Sole Proprietorship.
2. Apply for a National Tax Number (NTN) from the Federal Board of Revenue (FBR). You will only
receive an NTN certificate with your name and details on it.
3. Create letterhead and business cards for your Sole Proprietorship business with the name, logo,
phone number, and physical office address of your business on it.
In order to register your business with the FBR, you will need to provide the following documents:
-CNIC copy of sole proprietor
-Nature of business
-Rent agreement of office
-Mobile number of Sole proprietors that is not already registered with FBR
-Email address of Sole proprietor that is not already registered with FBR.
Main Boulevard Gulberg, Main Market, Lahore, Punjab 54000 Mr. Ahmed Burhanfirstname.lastname@example.org
Burhan Center, 97-99, Gulistan Market Railway Road, Faislabad, Pakistan Mr. Ahmed Burhanemail@example.com
Associate Office (London) Mr. Ahmed Burhan
A Project of Burhan & Associates (Premier Law Firm in Pakistan)