Establishing Special Economic Zones (SEZs) in a county is a fruitful strategy for promoting trade, employment and economic growth of that nation. A Special Economic Zone (SEZ) is a specific area of the land used to promote industrial growth in a country by providing more lenient economic and tax policies as compare to general economic policies in a country.
A foreign company needs to register as Branch Office or Liaison Office before starting operations in Pakistan. Branch Office is established by a foreign company to fulfil its contractual obligations with the public or private sector in Pakistan. Their activity will be restricted to the work mentioned in the agreement/contract signed. However they cannot indulge in commercial/trading activities.
Pakistan has become a part of the revolution by recently approving a five-year EV Policy. The Pakistan Electric Vehicles Policy 2020-2025 is a new document in the field. The Policy envisaged targeting a robust electric vehicle market having a 30 percent and 90 percent share in passenger vehicles and heavy duty trucks by 2030 and 2040 respectively.
Limited personal liability is one of the most common reasons businesses become corporations. A corporation is a distinct legal entity, so incorporating protects the business owner’s personal assets, even if the corporation is in debt or facing other liabilities. It’s very easy nowadays to incorporate a company online by using the Securities and Exchange Commission …