Registering as an Exporter in Pakistan
The volume of import and export of goods can be used as a gauge to measure the size of GDP size of a country. The more exports the better economy which is why every country draws its own imports and export policy based on various factors. In this article, we are trying to design the process and different steps involved when a person or a company wants to obtain an import and export licence in Pakistan. We tried our best to keep this information as simple as possible so the reader can easily understand how to register an import and export company in Pakistan.Step by step process and requirements of becoming Exporter or Importer in Pakistan
- Step 1
Company Registration
- Register at Securities and Exchange Commission of Pakistan (SECP)
- Using a lawyer for this purpose is recommended.
- For self-registration, the SECP website can be visited as well.
- Registration completes when one gets the National Tax Number (NTN), and Sales Tax Registration Number (STN)
- Step 2
Bank Account Opening
- A bank account is needed because export-related financial transactions legally require the involvement of a registered bank.
- The pre-requisites of this step are the company registration document and NTN number.
- Bank account opening usually requires a request to Bank account opening on the company letterhead stating the business NTN number. Some bank-specific requirements might also need to be met.
- It is recommended that the account opening is consulted with a bank representative.
- Step 3
Obtaining Chamber of Commerce Registration
- This registration can be done by contacting the local chamber of commerce.
- For Karachi, it’s the Karachi Chamber of Commerce and Industries and for Islamabad, it’s the Islamabad Chamber of Commerce and Industries (ICCI).
- Other major cities have similar chambers of commerce and industries.
- The jurisdiction of these chambers may vary depending upon the area that they represent.
- Step 4
Registering for WeBOC
- WeBOC or Web-Based One Customs is an IT platform that connects most of the stakeholders of the exporting process in Pakistan.
- Used mainly for generating an E-form and filling of Goods Declaration.
- Registration for WeBOC is now essential and one of the main steps involved in getting registered as an exporter in Pakistan.
- Registration can be done by filling a form available at weboc.gov.pk
- The pre-requisites of this form are NTN, STRN or STN, and Business bank account number.
- Step 6
CONGRATULATION
Registration for WeBOC marks the completion of registration as an exporter and the business should now be ready to send goods to international destinations.
How to Obtain an Import and Export License in Pakistan
Obtaining an import and export license in Pakistan is a crucial step for businesses looking to engage in international trade. To start, you must ensure that your business is properly registered with the relevant authorities, such as the Securities and Exchange Commission of Pakistan (SECP) for companies or the Registrar of Firms for partnerships and sole proprietorships. Next, apply for a National Tax Number (NTN) from the Federal Board of Revenue (FBR), which is essential for all business transactions. Joining your local Chamber of Commerce and Industry is another important step, as membership is often required for licensing. Additionally, if your business involves manufacturing or trading goods, register for sales tax with the FBR. Gather all necessary documents, including your business registration certificate, NTN certificate, sales tax registration, and Chamber of Commerce membership certificate. Complete and submit the application form to the Trade Development Authority of Pakistan (TDAP) along with the required documentation. Be sure to pay the applicable fees for processing your license application. Compliance with all relevant import and export regulations is vital, which may involve obtaining additional permits or certifications depending on the goods you plan to trade. Familiarize yourself with the customs clearance procedures and required documentation to facilitate smooth import and export operations. Staying updated on any changes in import/export policies and regulations from TDAP and FBR is also essential for maintaining compliance and avoiding any legal issues. By following these detailed steps, your business can successfully secure an import and export license in Pakistan, enabling you to expand your operations and engage in global trade. For more information or assistance, contact our expert team today.
