OPENING OF LIAISON / BRANCH OFFICES OF FOREIGN FIRM

Application Form for applying for Branch or Liaison Office Registration.

Branch Office:
Branch Offices are allowed to foreign companies on the basis of their contracts signed with public and private sector in various sectors of economy in consultation with concerned & respective Ministries/ Divisions/Departments.

Liaison Office:
Liaison Office are allowed to foreign companies to perform the task of promotion of product, provision of technical advice, assistance and explore possibilities of joint collaboration and export promotion for their parent companies in consultation with concerned quarters.

Procedure:
Companies that wish to open their Branch / Liaison Offices in Pakistan may apply to BOI for permission on prescribed form. The BOI will process and decide such cases within a period of 6 to 8 weeks after consultation with all concerned quarters.  The permission is  granted for a period of 3 to 5 years.

DESCRIPTION BRANCH OFFICE LIAISON OFFICE

 

SCOPE OF ACTIVITIES A branch office is set up by a foreign firm to execute the contracts awarded to it.

 

Activity will be restricted to the work mentioned in the agreement / contract signed

 

Cannot indulge in commercial / trading activities

 

Activity is restricted to the promotion of product(s), provision of technical advise and assistance, exploring the possibility of joint collaboration and export promotion (these activities are to be mentioned in the application)

 

 

Cannot undertake any commercial / trading activities

MEETING EXPENSES All expenses will be met out of funds transferred from abroad through normal banking channel and converted to local currency account or from the amounts received through execution of the agreement / contract All expenses will be met out of funds transferred from abroad through normal banking channel and converted to local currency account
REMITTANCE FACILITY Remittance of profits etc. is allowed subject to submission of information / documents as required in terms of Para 13 Chapter XIV of the Foreign Exchange Manual of SBP. No remittance facility allowed
HIRING OF FOREIGN NATIONALS Employment of foreign nationals shall be made subject to the prior approval of the Government as per policy and in accordance with the policy of Pakistanization. Employment of foreign nationals shall be made subject to the prior approval of the Government as per policy and in accordance with the policy of Pakistanization
IMPORT AND EXPORT OF MACHINERY Import / Export of machinery and equipment and its re-export shall be governed by the Import / Export policies of the Government Nil
REGISTRATION WITH SECP Mandatory Mandatory
FINALIZATION OF CASE 6-8 weeks; 6-8 weeks;
PERIOD OF PERMISSION 3-5 years; renewable 3-5 years; renewable
DOCUMENTS REQUIRED Six sets of the following documents are required:

 

1.       Application form

2.       Copy of registration of the foreign company duly attested by Pakistan Mission

3.       Copy of Articles and Memorandum of          Association

4.      Copy of agreement / contract in case of Branch Office

5.       Copy of Company Profile

6.       Copy of Resolution / Authority letter of the company to establish branch office inPakistan.

 

Six sets of the following documents are required:

 

1.       Application form

2.       Copy of registration of the foreign company duly attested by Pakistan Mission

3.       Copy of Articles and Memorandum of Association

4.       Copy of Company Profile

5.       Copy of Resolution / Authority letter of the company to establish liaison office in Pakistan

 

RENEWAL Following documents are required:

 

1.       Copies of valid agreements / contracts along with their duration

2.       Income tax returns (for the last 3 years)

3.       Copy of latest Audited Accounts

4.       Proceeds Realization Certificates

 

Following documents are required:

 

1.       Activity report

2.       Receipt and Payment Statement

3.       Proceeds Realization Certificates

 

TAX TREATMENT The corporate tax rate of 35% applies

 

Nil
CHANGE OF ADDRESS / TELE ETC. Has to be intimated to the Board of Investment and other concerned quarters Has to be intimated to the Board of Investment and other concerned quarters
DOCUMENTS REQUIRED FOR CLOSURE The following documents are required:

 

1.       Request letter for closure

2.       Activity Report, Proceeds Realization Certificates, andAudited Accounts for the last permitted period

3.       Copies of press clippings regarding closure

4.       Confirmation from tax authorities that all assessmentsand dues are clear.

The following documents are required:

 

1.       Request letter for closure

2.       Activity Report, Proceeds Realization Certificates, andReceipt and Payment Statement for the last permitted period

3.       Copies of press clippings regarding closure

4.       Confirmation from tax authorities that all dues are clear.