COMPANY LAW & LAWYERS IN PAKISTAN

Here you may find information about company law and lawyers in Pakistan. Our dedicated team of professional lawyers best assists their clients as to company law in Pakistan.

ZA-LLP has a strong and broadly based international commercial law practice. We have a team of lawyers who specialise in drafting, reviewing and negotiating commercial agreements. These range from strategic alliances to substantial one-off contracts (e.g. outsourcing, systems management and project development agreements) to repeat contracts and umbrella contracts with sub contractors and suppliers. The commercial law team has a particular focus on the way in which products and services are brought to market and promoted and has considerable expertise in the fields of marketing, advertising and sponsorship.

Our aim is to always to add value to our clients’ businesses by assisting them to achieve their commercial objectives in the most practical way using our expertise and commercial awareness. We are particularly conscious of the need to protect and promote clients’ legal interests effectively in the context of urgent and sensitive commercial situations. Our team is familiar with the range of specialist issues which can arise in day-to-day commercial dealings, such as competition law issues and the need to protect intellectual property rights. We work closely with other experts in the firm and are used to drawing together a number of specialist issues to provide the effective overall legal solutions which deliver the commercial objectives.

Our expertise in commercial law also gives our clients a significant advantage in more complex corporate transactions and de-mergers as, increasingly, there is a need for advice on strategic business contracts in the context of a corporate deal, for example to deal with transitional services issues or on-going supply arrangements. Specialist commercial law expertise combined with sectoral experience results in an in-depth understanding of the key business issues which need to be managed from a legal perspective which can be particularly helpful to private equity houses and investment banks.

The Commercial Law Counseling Group provides a complete range of commercial law services to ZA-LLPs’ local, national and international clients. The Group handles a variety of complex transactions, including mergers, asset acquisitions and sales, joint ventures, leasing transactions and financing, bankruptcy related transactions, and business startups, as well as the preparation of contracts of all types. In addition, because companies law is often selected as the governing law for major national and international transactions, the Group works with both in-house and regular outside counsel in the structuring and documenting of such transactions and provides legal opinions required at closing. Our Approach

When companies enter into relationships with lenders and other business partners, the terms of those agreements are critical and often complex. ZA-LLPs’ Commercial Lending, Banking, Bond, Creditors’ Rights and Bankruptcy Practice Group provides guidance that produces mutually beneficial relationships across the entire spectrum of commercial relationships.

Our Attorneys

We are a multi-disciplinary team with more than 20 attorneys which prides itself on achieving client goals on time and within budget.

Our Clients

Our clients include companies of all sizes in many industries and the institutions that finance their operations and growth, such as banks, finance companies and insurance companies. We also serve bond issuers and underwriters.

Our Practice

We represent nationally and locally prominent commercial banks, finance companies, insurance companies and other lenders, as well as borrowers in connection with all aspects of secured and unsecured financing arrangements of all sizes. Those arrangements include:

Company Formation Company Negligence
Choice of Entity Company Dissolution or Liquidation
Tax Advice Commercial Collections
Drafting Contracts Insurance Subrogation
Buy-Sell Agreements Partnership Disputes
Shareholder Agreements Contract Disputes
Employment Contracts Purchase of Commercial Real Estate
Commercial Financing Collection Matters

Table: Company Law Practice

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 Pakistanisation. 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 Pakistanisation.
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
FINALISATION OF CASE 6-8 weeks; however, 3 months provisional permission can be granted on the request of the Company. 6-8 weeks; however, 3 months provisional permission can be granted on the request of the Company.
PERIOD OF PERMISSION 3-5 years; renewable. 3-5 years; renewable.
DOCUMENTS REQUIRED Six sets of the following documents are required:

  • Application Form;
  • Copy of Registration Certificate of the Foreign Company duly attested by Pakistan Mission;
  • Copy of Memorandum & Articles of Association;
  • Copy of Agreement / Contract in case of Branch Office;
  • Copy of Company’s Profile; and
  • Copy of Resolution / Authority Letter of the Company to establish Branch Office in Pakistan.
Six sets of the following documents are required:

  • Application Form;
  • Copy of Registration Certificate of the Foreign Company duly attested by Pakistan Mission;
  • Copy of Memorandum & Articles of Association;
  • Copy of Company’s Profile; and
  • Copy of Resolution / Authority Letter of the Company to establish Liaison Office in Pakistan.
RENEWAL Following documents are required:

  • Copies of valclass Agreements / Contracts along with their duration;
  • Income Tax Returns (for the last 3 years);

  • Copy of latest Audited Accounts; and
  • Proceeds Realisation Certificates.
Following documents are required:

  • Activity Report;
  • Receipt & Payment Statement; and
  • Proceeds Realisation 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:

  • Request Letter for Closure;
  • Activity Report, Proceeds Realisation Certificates and Audited Accounts for the last permitted period;
  • Copies of Press Clippings regarding Closure; and
  • Confirmation from Tax Authorities that all assessments and dues are clear.
The following documents are required:

  • Request Letter for Closure;
  • Activity Report, Proceeds Realisation Certificates and Receipt & Payment Statement for the last permitted period;
  • Copies of Press Clippings regarding Closure; and
  • Confirmation from Tax Authorities that all dues are clear.

Table: Branch & Liaison Office Requirements

Our focus on strategic issues and our familiarity with various industries allows us to assist our clients in negotiating terms that protect them throughout the lending relationship.


OUR CORE COMPETENCIES

  • 1

    COLLABORATIVE SKILLSET

    Collaborative lawyers trust the wisdom of the group; lone wolves and isolationists do not do any good anymore.

  • 2

    EMOTIONAL INTELLIGENCE

    Distant, detached lawyers are relics of the 20th century, the market no longer wants a lawyer who is only half a person.

  • 3

    TECHNOLOGICAL AFFINITY

    If you can not effectively and efficiently use e-communications, and mobile tech, you might as well just stay home.

  • 4

    TIME MANAGEMENT

    Virtually a substantial part of lawyers difficulties in this regard lie with their inability to prioritise their time.


WHAT PEOPLE SAY ABOUT US

I want to thank you for all services you have rendered to us. I really appreciate it and hope on further cooperation.

Yahya Bakhtyar ~ Dubai, UAE

With God’s help you have done a great thing for our family. Thank you so much for your diligence and expertise. We are truly grateful to God for all that is possible now. We also are looking forward to meeting you and your staff when we arrive in Pakistan next month. Please let us know if there is anything we can bring for you from the United States as a gift.

Shaukat Minhas ~ Dallas, USA

Thanks for your service and cooperation, Really Admires your professionalism and & Attitude.

Sohail Amjad ~ Manager Corporate Allied Bank