Business Registration
Sole Proprietorship Registration in Pakistan
A sole proprietorship is a business owned and run by one person, taxed under that person's own NTN. To register, the business is added to the owner's FBR profile on IRIS with its name, address and principal activity. It can then open a business bank account and register for sales tax or PRA if required. Tax Services PK sets this up end to end.
Who needs it
Who is this service for?
- Shopkeepers, traders and small businesses
- Single-owner service businesses
- Freelancers who want a business name
- Startups testing an idea before incorporating
Our process
How it works
Plan
We confirm the business name and principal activity.
FBR registration
We add the business to your IRIS profile.
Bank account
We provide the documents banks need for a business account.
Other registrations
We add sales tax, PRA or chamber registration if needed.
Checklist
Documents required
- CNIC
- Business name and address
- Rent agreement or ownership proof
- Utility bill of the premises
What we handle
What's included
- Business NTN registration
- Business bank account documents
- Sales tax / PRA registration
- Annual business tax returns
FAQs
Sole Proprietorship Registration: frequently asked questions
Is a sole proprietorship a separate legal entity?
No. The owner and the business are legally the same person, and business income is taxed in the owner's return.
When should I convert to a company?
If you need limited liability, outside investment or multiple owners, a private limited company or AOP may be better. We can advise on the switch.
Can I register more than one business under one NTN?
An individual can carry on multiple businesses, and they are declared in that individual's registration and return.
Need help with sole proprietorship registration?
Talk to a tax consultant with 30+ years of experience. Call or WhatsApp us today.