Office 4 & 5 Basement Mirza Anwar Baig Block District Courts Rawalpindi

info@legitimate.pk
0333 5304 508

LEGITIMATE

The best law firm you can trust

Business Start Up In Pakistan

Starting a business in Pakistan can be an exciting venture, offering numerous opportunities across various sectors. However, it also comes with challenges, including Legal and market hurdles. LEGITIMATE assist you at every aspect in doing legal business in Pakistan. Here is a comprehensive guide to help you navigate the process:

1. Idea and Planning with LEGITIMATE

  • Market Research: Understand the demand, competition, and target audience for your business idea.
  • Business Plan: Develop a detailed business plan outlining your business model, financial projections, marketing strategy, and operational plan.

2. Discussing Legal Requirements

  • Business Structure: Decide on the type of business structure (sole proprietorship, partnership, limited liability company, etc.).
  • Registration: LEGITIMATE Register your business with the Securities and Exchange Commission of Pakistan (SECP) if it’s a corporation or with the Registrar of Firms if it’s a partnership.
  • Trade License: LEGITIMATE helps to obtain a trade license from the local authority where your business will operate.
  • Tax Registration: Registering for a National Tax Number (NTN) and Sales Tax Registration with the Federal Board of Revenue (FBR).

3. Assist in Financing

  • Self-Funding: Using personal savings or funds from family and friends.
  • Bank Loans: Applying for business loans from banks; programs like the State Bank of Pakistan’s refinance schemes can be beneficial.
  • Investors: Seeking investment from venture capitalists or angel investors.
  • Government Grants and Programs: Exploring government programs that support startups, such as the Prime Minister’s Youth Business Loan Scheme and assisting the clients.

4. Location and Infrastructure with LEGITIMATE

  • Office Space: Choosing a suitable location for office or retail space based on your business needs and target market.
  • Technology and Equipment: Investing in the necessary technology, machinery, and equipment required for your business operations.

5. Hiring, HR and Legal Contracts

  • Recruitment: Hiring skilled employees who align with your business goals. Platforms like Rozee.pk and LinkedIn can be useful for finding talent or using other platforms.
  • HR Policies: Establishing clear HR policies and procedures to manage your workforce effectively.

6. LEGITIMATE helps in Marketing and Sales

  • Branding: Developing a strong brand identity, including a logo, business cards, and a professional website.
  • Digital Marketing: Utilizing social media, search engine optimization (SEO), and online advertising to reach clients target audience.
  • Traditional Marketing: Using print media, radio, and TV advertisements if appropriate for clients business.

7. LEGITIMATE Helping in Operations

  • Supply Chain Management: Establishing relationships with suppliers and distributors to ensure a smooth supply chain.
  • Inventory Management: Implementing an efficient inventory management system to track stock levels and orders.

8. LEGITIMATE Role In Compliance and Regulations

  • Environmental Regulations: Ensuring client’s business complies with environmental laws and regulations.
  • Industry-Specific Regulations: Adhere to regulations specific to client’s industry, such as health and safety standards.

9. Networking and Support by LEGITIMATE

  • Business Associations: Helping in joining business associations and chambers of commerce to network and gain support.
  • Mentorship: Helping in seeking mentorship from experienced entrepreneurs and business professionals.

10. LEGITIMATE helps in Continuous Improvement

  • Feedback: Regularly seeking feedback from customers and employees to improve clients products or services.
  • Innovation: Helps in Staying updated with industry trends and continuously innovate to stay competitive.

Starting a business in Pakistan with LEGITIMATE requires very easy careful planning, perseverance, and a thorough understanding of the local market and regulatory environment. LEGITIMATE with the right approach and resources, client’s business can thrive and contribute to the growing entrepreneurial ecosystem in the country.