Pakistan Engineering Council Registration

Real Estate & Construction Company Registration in Lahore, Pakistan

The Real Estate and Construction industry has become one of the most dynamic sectors in Pakistan, recognized as a key industry by the Prime Minister of Pakistan. This industry encompasses the development and transformation of land, residential, and commercial properties from barren landscapes or farmlands into cities and societies.

In Pakistan, real estate transactions, including the sale, purchase, and lease of properties, are governed by specific laws, such as the Registration Act of 1908, the Land Revenue Act of 1967, and the Transfer of Property Act of 1882. The professionals who assist in these dealings are known as property dealers or property advisors. On the other hand, those engaged in construction projects are commonly referred to as contractors.

Rules for Registering a Real Estate and Construction Business in Lahore, Pakistan

All businesses involved in real estate or construction must be registered.
A person must hold a valid certificate from the relevant authority to engage in these businesses.
Registration authorities include SECP, FBR, Excise and Taxation, and EOBI, based on where the business is located.

Minimum Requirements for Real Estate and Construction Company Registration

A minimum of two directors and two shareholders
Authorized capital of at least Rs. 100,000
A registered office with a valid Pakistani address
Identity and address proof for all directors

Step-by-Step Registration Process for Real Estate and Construction Companies

Create Logins: All proposed directors must create personal logins on the SECP platform.
Apply for Name Availability: Submit the business name for approval to SECP.
Complete Form II: Include company office details, director information, and capital specifics.
Attach Required Documents: Submit the necessary documents, such as the Memorandum of Association, Articles of Association, and director CNICs.
SECP Issuance of Incorporation Certificate: After approval, SECP issues the certificate of incorporation.
Open Bank Account: After incorporation, open a bank account and deposit the paid-up capital.
Register with FBR: Once registered, the company must also register for income and sales tax at the FBR.

Government Incentives for the Construction Industry

Registering a real estate or construction company offers numerous advantages:

Better return on investment (ROI) and higher tangible asset value.
Increased property value over time.
Diversification of investment portfolios.
Personal liability for directors limited to their shareholding.
Enhanced business reputation and credibility.
Easier access to capital for expansion.
Perpetual succession, ensuring business continuity regardless of changes in management.

PEC (Pakistan Engineering Council) Registration for Construction Companies

While registering with SECP and FBR is crucial, construction companies in Pakistan must also register with PEC. PEC regulates engineers and constructors in Pakistan, making it mandatory for construction companies, especially those involved in government projects, to obtain a No Objection Certificate (NOC).

PEC Registration Categories for Construction Companies

PEC offers eight registration categories for constructors, ranging from C-A to C-6, based on the company’s financial worth and the number of engineers it employs. Registration costs start from Rs. 15,000 and increase with higher categories.

Documents Required for PEC Registration

Registration application form
CNIC copies of all directors/partners
Proof of fee payment
Bank statement for the last financial year or audited financial accounts
NTN certificate
List of construction machinery owned
Organizational chart
Notarized certificates (for sole proprietorship or partnerships)
Undertaking from the CEO or directors on stamp paper

Note: Additional documents may be required on a case-by-case basis.

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Frequently Asked Questions

1. Is it mandatory to register a construction company with PEC?

Yes, any construction company operating in Pakistan must register with PEC, especially if working on government projects.

2. What is the benefit of registering with PEC?

PEC registration ensures the company complies with regulatory standards, allows participation in government projects, and enhances credibility.

3. How long does it take to register a construction company with PEC?

PEC registration typically takes 2–5 weeks, depending on the category of registration and the completeness of submitted documents.

4. What is the fee for PEC registration?

The minimum fee starts at Rs. 15,000 and increases depending on the category in which the company is registered.

5. Can foreign nationals be part of a construction company in Pakistan?

Yes, foreign nationals can be part of a registered construction company, provided they meet PEC and SECP registration requirements.

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