PSEB Company Registration: Growth Potential for
Software Houses
in Pakistan
In today’s digital age, Pakistan’s software industry has grown as a dominant force, helping immensely to the economy of the nation. The Pakistan Software Export Board (PSEB) plays an important part.
The PSEB company Registration provides the assistance you require to compete on a worldwide level, regardless of whether you are an established business or a new startup. Only in 2023, PSEB registration in Pakistan has facilitated over 5109 IT and ITeS companies to benefit from government incentives.Through connections, global licensing assistance, and access to important market information, it enables Pakistani firms to turn local talent into worldwide success stories. If you are struggling for PSEB registration in Pakistan, we are here to assist you.
What is PSEB?
The Pakistan Software Export Board (PSEB) is a government organization dedicated to promoting and supporting Pakistan’s IT and software sectors. Its primary aim is to assist Pakistani businesses in becoming successful in the global information technology sector.
The PSEB serves as a link between local software companies and international prospects.
It offers crucial assistance to companies handling the challenges of global trade. This includes providing attorneys, helping businesses acquire the required licenses, and opening doors for businesses to interact with clients abroad.
As a result, the PSEB contributes significantly to Pakistan’s worldwide IT and software scene.
What is PSEB registration?
PSEB registration is a process by which IT and software companies in Pakistan officially register with the Pakistan Software Export Board (PSEB) to access support, resources, and benefits aimed at promoting their growth and international expansion. There is a long list of companies registered with PSEB.
Who is Eligible for PSEB Company Registration?
Companies must typically fulfill the following requirements in order to be qualified for services and benefits from the PSEB:
1. IT / Software Business:
The organization must be an authorized software firm or an IT-enabled services (ITeS) vendor. This includes software developers, IT consultants, and firms that provide technology-related services.
2. Call Centers:
If your IT-related firm operates a call center, you must register with the PSEB by law. Failure to register can lead to legal action from government agencies such as the Federal Investigation Agency (FIA) and the Pakistan Telecommunications Authority (PTA).
3. Compliance:
Companies must follow local rules and regulations. This involves complying with tax regulations, business laws, and other industry-specific standards.
4. Operational Status:
The company should be operating and actively involved in providing IT or software services. This includes having a functional office, a team of professionals, and current projects.
Which documents are required for PSEB Registration?
To complete the company registration process, you must provide the following papers alongside your application form:
- Business NTN: A copy of the Business National Tax Number (NTN) certificate.
- CNIC of Directors/Shareholders/Partners/Proprietor: Copies of all directors, shareholders, partners, and proprietors’ Computerised National Identity Cards (CNICs).
- Passport Copy of Foreign Nationals: Foreign directors, shareholders, or partners must provide a copy of their passport.
- Memorandum and Articles of Association: Companies registered with Pakistan’s Securities and Exchange Commission (SECP) must offer attested copies of these documents.
- Form 29: SECP-registered companies must submit an attested copy of Form 29. This form includes information about the company’s directors and other significant personnel.
- Incorporation Certificate: SECP-registered enterprises must provide an attested copy of their incorporation certificate. This document establishes the company’s legal status.
- Partnership Deed: For partnership-based businesses, a certified copy of the partnership deed is necessary.
- Firm Registration Certificate: A certified copy of the Firm Registration Certificate is required for registered firms.
- Business Bank Statement: Business Bank Statement: A bank statement from the previous six months for the business account.
OR - Business Bank Account Letter/Certificate: For freshly formed business bank accounts, a letter or certificate from the bank is necessary to confirm account details.
How to register with PSEB in Pakistan?
To register with the PSEB in Pakistan, fill out the PSEB registration form and attach the necessary documents, along with the registration money. A professional service provider, such as Ways Tax, can provide more expert assistance.
Official PSEB Company Registration Fee
Here’s a list of SECP’s Company Registration Offices (CROs) where you can submit your applications physically:
| Company Type | Registration Fee (PKR) | Criteria |
| Startups | 5,000 | Companies founded within the last one year |
| Established Companies | 10,000 | Companies in operation for more than one year |
What are the benefits of PSEB company registration?
PSEB membership provides several benefits to software houses, call centers and freelancers. Let’s dive into further details;
PSEB Registration: Benefits for Software Houses and Call Centers
1. Promotion of Business:
Leverage the PSEB IT portal to showcase your business to potential global customers and partners.
2. Boost in Reputation:
Boost your reputation and trustworthiness in the IT sector through PSEB membership.
3. Reimbursement of Earnings:
Enjoy the flexibility to repatriate earnings, making your business more attractive to foreign investors.
4. Call Centers Legal Compliance:
Ensure your call center meets legal requirements by registering with PSEB.
5. Educational Workshops:
Participate in PSEB-organized workshops to stay informed about industry trends and developments.
6. Facilitation of Visa:
Gain access to visa assistance for members, employees, and investors to easily enter and work in Pakistan.
PSEB Registration Benefits for Freelancers
1. Free Certification and Training:
Enhance your skills with access to a range of free training and certification programs provided by PSEB, improving your employability and expertise.
2. ICT Interns Access:
Connect with ICT interns through PSEB, providing valuable assistance for your projects while offering mentorship opportunities to young talents.
3. Promotion without Paying:
Benefit from PSEB’s promotional efforts to showcase your work to potential clients, helping you secure more opportunities and build a strong reputation in the industry.The criteria for registration can be overwhelming, but the benefits greatly exceed the hassle. With the help of Ways Tax Pakistan, you can simplify everything and concentrate on receiving the rewards. Whether you need help with the PSEB registration renewal cost or accessing the registration online, we are here to help you every step of the way.
FREQUENTLY ASKED QUESTIONS
Fast Your PSEB Registration Process With Ways Tax
From filling out your PSEB company registration form to knowing the specifics of PSEB contact center registration, we ensure that every element gets done properly.
Our team also assists you in obtaining your registration certificate, which is required to confirm your status and extend your options. Do you need to find your PSEB registration number or look up a list of PSEB registered companies? We have you covered.