Do you wish to know how to start a tech startup in Pakistan? Starting a tech startup in Pakistan involves a series of steps and considerations. Here’s a step-by-step guide to help you get started:
Starting a Tech-Startup in Pakistan
1. Choose a Unique Name
Choose a unique name and register your company with Securities and Exchange Commission of Pakistan (SECP). Must decide you want to start a Private Limited Company or Single Member Company.
2. Obtain National Tax Number (NTN)
After that you must obtain a national tax number (NTN) from the Federal Board of Revenue (FBR) for tax registration.
3. Register with Employees’ Old-Age Benefits Institution (EOBI)
If your startup is a private limited company where you can hire people to work. Then the next step is to register your startup with EOBI and Social Security Institution for employee benefits.
4. Open Business Bank Account
On the next step you must have a business bank account. The bank account title should be your company or startup name. For more guidance you can call or contact your desire bank for more assistance regarding opening of business bank account.
5. Register your Startup with PSEB
Now a days the tech startup need to be register with Pakistan Software Export Board (PSEB) to avail benefits like tax exemptions and support services.
6. Register your Trade Mark and Copyright
To protect your intellectual property by registering trademarks, copyrights, and patents with the Intellectual Property Organization of Pakistan (IPOP).
7. Comply with Local Laws
Finally you need to company with your local laws and regulations, including data protection, labor laws, and industry-specific requirements.
Note: if you do network with local tech communities incubators, and accelerators to access resources, mentorship, and funding opportunities.
Conclusion
Remember, while these rules provide a general framework, each startup’s journey is unique. Seek advice from experienced entrepreneurs, legal experts, and business professionals who can provide guidance tailored to your specific circumstances and the regulations of Pakistan.
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