Are you looking to register your partnership firm? Here you have it: simple setup, minimal expenses, painless processing, quick updates, and more. To get started, pay only Rs. 5,000*/- now, and the remaining later when processing begins.
*Govt. and affiliate fees vary from Province to Cities
One of the easiest ways to start a business with someone is to establish a general partnership firm. We help you with your general partnership registration in Pakistan in the following ways.
We study your business requirements
We prepare the first draft and share with you within 4 working days.
Placing an Emphasis on Perfection
We do up to two rounds of iterations, if necessary, at no extra cost.
A general partnership is a corporate structure in which two or more people manage and operate a company in accordance with the partnership deed's provisions and objectives. This structure is thought to have lost its relevance since the introduction of the limited liability partnership (LLP) because the partners in a general partnership firm have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up, and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for general partnerships. Contact our Sidekick’s experts now to know the recent partnership deed format.
The partnership firm registration process takes about 10 to 12 working days, depending on departmental approval and reverts from each department.
Any name can be given to a partnership firm as long as you fulfil the following conditions:
Checklist for Partnership Firm Registration
Two or more partners can form a firm in line with the provisions of Partnership Act, 1932 for starting a business in Pakistan. In order to register a firm, here is the step-by-step process:
Document’s Required For AOP Registration in Pakistan
Note: All the papers should be attested from Notary Public
Director (Labor & Industries)
Partnership Act, 1932
Citizen Facilitation Center, Mauve Area, G-11/4, Islamabad
Monday – Thursday
09 AM – 01 PM
09 AM – 12 PM
Rs/- 1000 to be deposited in NBP
Benefits of Partnership Firm Registration in Pakistan
For general partnerships, there is no need for an auditor to be appointed or, if the company is still in the process of registration or is still unregistered, annual accounts filing with the registrar is not necessary either. Annual compliances are also lower when compared to an LLP.
Simple To Begin
A general partnership can be formed within 4-7 business days, with an unregistered deed of partnership. However, registering for the event offers its own set of benefits.
A general partnership is substantially less expensive to start than an LLP. It will still be cost effective in the long term because the compliance needs are minor.
How to Register Partnership Firm in Pakistan?
A step-by-step guide on registering Partnership Firms in Pakistan.
A partnership (also known as a Firm / Form C) is a business structure that works just like a sole proprietorship, but with several individuals running it. The general partners share the profits and / or losses depending on their agreement. They share control and liability for business operations. Partnership taxes are paid by the general partners on their personal tax returns, in proportion to their share of ownership as per their agreement. Partnerships require partnership agreement on a legal stamp paper that clarifies the relationship between the partners, their roles and responsibilities, and their shares in the profits or losses of the partnership. There is unlimited liability in this type of business. If one partner is sued, all partners are held liable. Another disadvantage is that the decision making is shared among the partners and hence no one individual has control. A partnership is different from sole proprietorships and limited companies.
In order to register a partnership all, you need to do is submit the following documents to the office of the Registrar of Firms in your City/District:
(1) Written Partnership deed on a Rs. 1,000 stamp paper (should be prepared by a lawyer--we can do this for you).
(2) Filled form.
(3) Bank challan.
(4) Rent agreement for office in a commercial area along with proof (rent agreement or property ownership papers).
(5) CNICs of all partners along with CNIC of all witnesses. There should be one witness per partner.
(6) Affidavit regarding accuracy of submitted papers
(7) Copy of all the above documents duly notarized by a notary public.
(8) The partners along with witnesses will have to physically present themselves in front of the Registrar of Firms.
(9) After a week, you will receive a certificate from the office of the Registrar of Firms. Congratulations! The partnership firm has been registered.
(10) Next step is to setup a bank account in the name of your newly formed partnership followed by registering for an NTN and GST Number (Tax).
Why Sidekick used for AOP Registrations
A partnership firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership deed that may or may not be registered.
The partners in a partnership firm are the owners, and thus are not a separate entity from the firm. Any legal issues or debt incurred by the firm is the responsibility of its owners, the partners.
A partnership must have at least two partners. A partnership firm in the banking business can have up to 10 partners, while those engaged in any other business can have 20 partners. These partners can divide profits and losses equally or unequally.
The registration of a partnership firm in Pakistan can take up to 10 to 12 working days. However, the time taken to issue a certificate of incorporation may vary as per the regulations of the concerned state. The registration of a partnership firm is subject to government processing time which varies for each state.
Minimum of 2 persons and maximum of 20 is required for the formation of a partnership firm.
The individuals who are residing in India can only become partners or members in a partnership firm. Foreign individuals who want to form their business in Pakistan can choose private limited companies.
There is no minimum capital requirement for the registration of a partnership firm in Pakistan.
Every partner is jointly and severally accountable for any acts/activities of the firm committed throughout the course of business while he or she is a partner. This means that if a third party is injured or a penalty is imposed during business, all partners will be held accountable, even if one of the partners caused the injury or loss.