Branch Office of Foreign Company with Board of Investment (BOI)
If any foreign entity needs to operate as branch office in Pakistan, it must have contractual agreement local company either public or private. So they can move the process for registration. Apart from Contract, Branch office is not allowed to conduct trading and commercial activities in Pakistan.To register a branch office of a foreign company with the Board of Investment (BOI) in Pakistan, you can follow these steps:
Required Documents (one original and five copies along-with a soft copy via email: registration@pakboi.gov.pk):
- Application form (duly filled in and signed with stamp).
- Copy of registration of company duly attested by respective Pak Embassy.
- Copy of Article of Memorandum of Association duly attested by Pak Embassy.
- Copy of Resolution/Authority letter of the company to establish Branch Office in Pakistan.
- Company Profile.
- CV of Designated person authorized to act on behalf of the company + Passport copy/CNIC.
- Copy of contract agreement.
- One original set and five copies are requested of all above documents
- Fees 3000 US $ for Branch for initial period of one year. 1500 US $ for Sub-Office of Branch Office. The amount (US$ or equivalent in Pak Rupees) shall be deposited in the Board of Investment Account being maintained with National Bank of Pakistan, Main Branch.
Period of Permission:
The permission shall be issued for a period of 1-5 years.
Renewal of Branch Office:
- Copy of valid Contract agreements along with their duration.
- Income Tax Returns (for the last 03 years)
- Copy of latest Financial Statement (duly audited)
- Proceeds Realization Certificates
- Renewal Charges for each year @ US $ 1000 per year (1-5 years renewal based on the request of the company).
