Regulatory Compliance for Setting Up Operations in Pakistan

Regardless of the situation, developing an international business and operating in international markets can expose an organization to a myriad of complex rules that govern international trade and foreign investment. Today, virtually all businesses are in some way affected by global enterprise. ULC understands that skilful navigation through unfamiliar laws and regulations, treaties, customs and tariffs, bureaucracy, language barriers and unknown business practices is critical to an organization’s success in the global marketplace. Whether a business crosses one or many borders, we provide strategic legal advice that helps our clients seize and maximize the available opportunities while also managing and minimizing the risks.

The continued expansion of international trade law beyond trade in goods to include services, foreign investment and trade-related intellectual property measures, product certification has meant that advising clients on all of their trade law matters frequently requires access to experts in other legal areas. As a premiere business law firm, ULC is able to provide specialized advice in the areas of international taxation, transfer pricing, intellectual property, financial services, competition, energy and natural resources, administrative litigation, the environment, packaging/ labeling standards, product certification, privacy, temporary entry requirements and immigration.

On the preventative and advisory side we advise clients in evaluating their procedures and in assisting their staff at all levels in understanding their obligations and how those obligations dovetail with the self-policing regimes in the Regulated sector.

ULC undertakes to secure all the permissions required under Pakistani law for setting up operation at all level in Pakistan. A foreign company can set up its presence in Pakistan through a liaison office, a branch or a subsidiary. Our specialist regulatory and financial services team has contributed significantly to legal developments in this constantly developing area. We have multi-disciplinary experience and are widely admired for our expertise in dealing with inquiries and disciplinary sanctions imposed by Regulators, including the Financial Services Authority and professional governing bodies. ULC's practice area relating to assisting our clients in setting up their operations in Pakistan focuses on:

Advising for entry strategy for Pakistan.

Advising on the various compliance procedures under relevant laws, rules and regulations and Obtain licenses and address regulatory compliance

Assisting in incorporation of the company by drafting of and filing the relevant incorporation documents with the SECP and the Registrar of Firms

Assisting our clients in filing applications with the various regulatory authorities and obtaining a clearance, such as clearance from the Interior Ministry, Board of Investment etc.

Certification of the product that is required to sell the product in Pakistan and worldwide.

Comprehensive legal audit of the business whether the business complies with the law of land as may be required under local laws and further advising the corrective measures.

Guiding our clients through the various laws, rules and regulations that will impact setting up of operations and running of business in Pakistan and worldwide.

Structuring the investment in Pakistan in the most tax optimal manner.

Practice Spotlight:

Certification of the Product

Devising Entry Strategy in Pakistan

Incorporation of Legal Entities and their Start-up of Business

Observance of Various Regulatory Requirements

Structural and Tax Planning