Business in Pakistan: Common Indians think a lot of things about Pakistan, but there are many people among them who want to go there and do business. This story is for them.
Business in Pakistan: Government of India is working rapidly to promote business. His effort is to take the scope of business of Indian people to the international level. When Indians think of doing business abroad, the first thought that may come to their mind is famous countries like America, London, Paris. Does the thought of Pakistan ever come to your mind? Even if it comes, is it possible for an Indian citizen to do business there? In today’s story we are going to talk about this topic. You will also know the rules and regulations.
What does the rule say?
Indian citizens can do business in Pakistan. Pakistan allows Indian investment in its markets. The Reserve Bank of India (RBI) had removed the foreign policy rule restricting investment from Pakistan in 2012. FEMA rules were also amended in September 2012. Overall, if you want to do business in Pakistan then the path is open for you.
What is the method of forming a company?
You can register a company to do business in Pakistan. Company registration usually takes 6 weeks. There is a very simple process for this. For company registration, one has to first apply and then submit the documents. After that the Certificate of Incorporation of the company is obtained. Then the remaining registration process related to sales and taxes has to be completed. For this, minimum capital of PKR 100,000 (~US$ 823) is mandatory. You can follow all this process only when you have a valid passport and visa to go to Pakistan.
Many Indians are doing business there
Pakistan’s economic reforms have created business opportunities for Indian-based investors. Some of the Indian brands that sell their products in Pakistan include Apollo Tyres, Marico, JK Tyres, Dabur, Pioma Industries, Himalaya Drug Company, Kothari Foods, House of Malhotra, Jagatjit Industries.
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