This overview of business laws of Pakistan is a very brief description of common forms of businesses adopted by private and public sector investors in Pakistan. An attempt has also been made to outline general requirements and regulatory regimes for each of these forms of businesses in Pakistan. These brief notes are for general guidance only and should not be taken as a substitute for thorough and professional legal advice.
What are the common forms of business in Pakistan?
Main forms of business organisations adopted by private sector in Pakistan are as follows:
- Sole proprietorship in Pakistan
- Partnership in Pakistan
- Limited liability company in Pakistan
- Joint venture in Pakistan
Main forms of business organisations adopted by the public sector, where the government wishes to undertake an enterprise, in Pakistan are either a limited liability company or a statutory corporation.
Out of these diverse forms of business set ups in Pakistan, a limited liability company remains the most favourable form of business organisation for medium and large-scale businesses in Pakistan.