Manufacturing Business/Industry Registration in Taxila, Pakistan
What is Manufacturing
Manufacturing involves transforming raw materials into finished products on various scales. Pakistan excels in manufacturing, particularly in the Agriculture, Textile, and Apparel sectors, due to the availability of raw materials and labor.
The government has granted a five-year Income Tax exemption for industrial undertakings manufacturing renewable energy equipment set up between March 1, 2019, and June 30, 2023. Additionally, a Sales Tax exemption on plant and machinery for Greenfield industries is proposed to encourage investment in manufacturing.
Registration Process of Manufacturing Business/Industry/Company in Taxila
Proprietorship
A proprietorship is a business owned by one person, with no legal or financial distinction between the owner and the business. It can start by obtaining a business NTN and Sales Tax Registration for Manufacturing.
AOP/ Partnership Firm
In a partnership firm regulated by the Partnership Act of 1932, at least two members are required for registration. In such firms, business, financial, and legal responsibilities are equally shared among partners.
Limited Liability Partnership Firm (LLP)
A limited liability partnership (LLP) in Pakistan, introduced by SECP, limits each partner's liability, meaning one partner isn't responsible for another's mistakes, unlike traditional partnerships under the Partnership Act 1932.
Private Limited Company
A Private Limited Company, under the Companies Act 2017, requires at least 2 members, with liability limited to their shares.
NTN and Sales Tax Registration of Manufacturing Industry
For NTN registration of Manufacturing Business Proprietor and in case of Firm/Company one of the Partner/ Member will present Income Tax Authorities by completing the list of requisite documents;
- NTN Registration Form (TRF-01 Form)
- A Letter of Authority is needed to declare one Partner/Member as the Principal Partner/Member, except in a Proprietorship Business.
- Original CNIC of the Proprietor, Partner, or Member representing the business.
- Business Email for NTN Registration, not previously used in any other NTN.
- The proprietor's, partner's, or member's mobile number has not been used with any other NTN before.
- Title or ownership documents for business premises, or tenancy/lease/rent agreement with the owner's CNIC copy.
- Electricity bill paid within the last three months from the NTN application date.
- Original Incorporation Certificate or Registration Certificate for a Partnership Firm or Company
- Original Partnership Deed for a firm registered under the Partnership Act, 1932
- Certified True Copies of the MOA and Articles of Association for a company registered under SECP.
- Certified Copy of Form-II (Company Incorporation Application) for companies registered under SECP.
For sales tax registration of a manufacturing business, whether it's a sole proprietorship or a partnership/company, one partner or member must be present as the principal officer at the tax office with the necessary documents;
Application for Sales Tax Registration
- Original CNIC of Proprietor/ Partner/Member
- Bank Maintenance Certificate of Manufacturing Business
- The authority letter for the Principal Officer appointed by partners/members for Sales Tax Registration in FBR must be signed and thumbed by all partners/members.
- For manufacturing businesses, tax authorities require a minimum electricity utilization of Rs. 60,000 to Rs. 70,000.
In Pakistan, business people can gain multiple benefits from the most popular manufacturing concepts and ideas, such as:
- Manufacturing of Biodiesel Products
- Household Gift Products
- Food Processing Manufacturing
- Manufacturing of Luxury Candles
- 3D Printer Manufacturing
- Bioplastic Packaging Items
- Production of Mattresses & baby Pillows
- Manufacturing of Body Supplement and Furniture Preparing
- Manufacturing of Stationery Items
- Manufacturing of Sports Goods
- Manufacturing of Bakery Items
- Engineering Tools Manufacturing
- Plastic PVC products, Hoses & Hose Fitting
- Rubber & Rubber Products
- Industrial Engineering Goods
- Conveyers & Transmission Belts
- Water Filter & Filtration Systems
- Honey Processing Industry
- Production of Fruits Jam
- Jelly & Pickles
- Manufacturing of Plastic bottles
- EyeGlass and Frames Manufacturing
- Manufacturing of Lather related Products
- Production of Mobile Phone Accessories
- Incense Sticks Manufacturing
- Manufacturing of Organic Soap and Detergents
- Face, Hair and Beauty products
- Manufacturing of Handmade Candies and Biscuit
- Manufacturing of Children Toys
- Kitchen Utensils
- Shoe Production
- Electrical Fitting production
- Artificial Jewellery making
- Flour Production
- Paint, Cement, Ceramic Tile, Concrete Block Manufacturing
- Chemical Production
- Manufacturing of Pharmaceutical Products
- Wooden Products
- Rice and Sugar Mill
-
Storage Tanks, Drums and Containers
Ministry of Industries & Production (MoI&P)’s is playing a vast role in facilitating to create environment where industries can grow in Pakistan through policy intervention, setting up Industrial Parks and Export Processing Zones for investors, skill development of human resource for industrial sectors.
For Company Registration
Just Dial 0313 5626627