Required Documents:
- Picture of National Identity Card (Front & Back)
- Mobile number
- Email ID
- Company Name
- Address
- Business Activity
Registering a sole proprietorship firm with the Federal Board of Revenue (FBR) in Pakistan offers several benefits:
Legal Recognition
It makes your business a legal entity, providing credibility and recognition.
NTN Registration
You can obtain a National Tax Number (NTN), which is necessary for various business transactions.
Business Bank Account
With an NTN, you can open a business bank account, separating personal and business finances.
Tax Compliance
Registering with FBR ensures that your business complies with tax regulations, avoiding penalties and fines.
Ease of Filing Returns
Filing annual tax returns becomes easier and more straightforward.
Access to Government Contracts
Registered businesses can bid for government contracts and projects.
Financial Credibility
It enhances your financial credibility with banks and financial institutions, making it easier to secure loans and financing.
