A Step-by-Step Guide to Registering Your Business Name with FBR in Pakistan

Registering your business name with the Federal Board of Revenue (FBR) in Pakistan is a crucial step in establishing your business’s legal identity and complying with tax regulations. This process ensures that your business operates within the legal framework and contributes to the country’s economy. Here’s a comprehensive guide to help you navigate the process smoothly:

Step 1: Choose a Business Name

Before you begin the registration process, you need to decide on a unique and appropriate name for your business. Make sure the name aligns with your business’s nature and is not similar to existing registered businesses. Conduct a search on the FBR’s official website or visit their regional office to ensure your chosen name is available.

To register your business name with the FBR, you need to have a Digital Signature Certificate (DSC) and a National Tax Number (NTN). You can apply for these through the FBR’s online portal. The DSC is essential for electronically signing documents, while the NTN is your identification for tax purposes.

Step 3: Access the Iris Portal

Visit the FBR’s Iris Portal (https://iris.fbr.gov.pk/) and log in using your NTN and DSC. If you don’t have an account, you’ll need to create one.

Step 4: Select Business Registration

Inside the Iris Portal, navigate to the “e-Registration” section and select “Business Registration.”

Step 5: Provide Business Details

Fill in the required information about your business, including its name, address, nature of business, ownership type, and contact details. Ensure all details are accurate and up-to-date.

Step 6: Upload Required Documents

You’ll need to upload scanned copies of relevant documents, including:

1. Proof of Business Ownership:

This could be a partnership deed, memorandum of association, articles of association, or any other document that establishes your business’s legal ownership structure.

2. CNIC/Passport Copies:

Provide copies of CNICs or passports of all partners or directors, depending on your business’s structure.

3.Proof of Address:

Submit a utility bill or any other official document that verifies your business’s physical address.

Step 7: Review and Submit Application

Thoroughly review all the provided information and uploaded documents. Once you’re confident that everything is accurate, submit your application.

Step 8: Payment of Fee

Pay the applicable fee for business name registration using the online payment options available on the portal.

Step 9: Application Processing

After submission, your application will undergo processing. This might involve verification checks and additional documentation requests by the FBR.

Step 10: Issuance of Certificate

Upon successful verification, the FBR will issue a Business Name Registration Certificate. This certificate signifies that your business name is now officially registered with the FBR.

Congratulations! You’ve successfully registered your business name with the FBR. It’s important to keep a copy of the registration certificate and all related documents for future reference and compliance.

Registering your business name with the FBR is a pivotal step in ensuring the legality and compliance of your business operations. By following this step-by-step guide, you can navigate the registration process effectively and position your business on the right track within Pakistan’s regulatory framework. Remember that the FBR’s procedures and requirements might change, so it’s advisable to regularly check their official website or consult legal experts for the most up-to-date information.