Security Clearance Requirement for Chinese/Foreigners Registering/Acquiring a company in Pakistan. - 哈立德扎法尔和同事

At the time of filing documents for registration of company or filing of share transfer documents and intimation of appointment of new director on Form 29, security clearance documents are also filed with the Securities and Exchange Commission of Pakistan. In case of transfer of shares in favour of the foreign national/company and appointment of foreign national as director/chief executive of company in Pakistan, security clearance is also obtained from the Ministry of Interior Pakistan.

For security clearance, following documents of proposed directors/chief executive/shareholders shall be required:

  1. Complete Bio Data of all directors/chief executive/ shareholders;
  2. Copies of Valid Passports of all directors/chief executive/shareholders;
  3. Three passport size coloured photographs of all directors/chief executive / shareholders;
  4. Contact details including postal address, phone no. and email id of all directors/chief executive / shareholder.
  5. Signed Undertakings from of all directors/chief executive/ shareholders (Notarized).

For security clearance, following documents of shareholder company shall be required:

  1. Complete name of the Company;
  2. Certificates of Incorporation of Company (Notarized);
  3. Memor andum and Articles of Association (Constitution) of Company (Notarized);
  4. Detail of Directors of Company (Notarized);
  5. Names and detail including designation, two colured passport size photographs and copies of passports of the authorized signatory of Company.
  6. Board Resolutions of the Company for acquisition of company in Pakistan and detail of investment/acquisition of shares in the Pakistani company and authorization of authorized signatories for execution of documents and to take all required steps for acquisition of shares of company in Pakistan (Notarized).
  7. Registered office address, telephone No., fax No. and official Email ID of the Company.
  8. Signed Undertakings from of the Company (Notarized).

As security clearance from the Ministry of Interior Pakistan takes time, the documents filed for registration of new company and forms filed for transfer of shares and appointment of director are accepted by the Securities and Exchange Commission of Pakistan on the basis of Undertaking wherein the foreign director/shareholder/chief executive undertake that they will transfer their shares to any other person/resign as director/chief executive if their security clearance is not confirmed by the Ministry of Interior Pakistan.