How to Register a Business in Dubai: Key Steps & Requirements for Success
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Experts at Pakistan’s First Online Consultants are well-versed in providing compliance management solutions. Statutory compliance is essential for businesses to operate legally and avoid significant penalties. We are experts at performing regulatory compliance audits and providing legal and statutory compliance services for your businesses.
PFOC ensures corporate governance compliance, which is key to maintaining balanced business practices. We offer professional regulatory compliance assistance and compliance program development for new or established businesses. Our team provides our clients with the best statutory compliance advisory and well-researched industry-specific compliance services.
Our mission is to provide you with compliance strategy and implementation with the support needed to handle your business confidently and efficiently. We offer personalized regulatory compliance risk management services to help you stay ahead of the market competition. We offer expert statutory compliance review and compliance documentation services together to solve your legal matters and make your business compliant with local laws and regulations.
PFOC takes its adherence to the laws seriously and provides compelling government compliance consulting and professional regulatory compliance monitoring. Contact our team for further assistance or request statutory compliance training from PFOC.
Experts at Pakistan’s First Online Consultants are well-versed in providing compliance management solutions. Statutory compliance is essential for businesses to operate legally and avoid significant penalties. We are experts at performing regulatory compliance audits and providing legal and statutory compliance services for your businesses.
PFOC ensures corporate governance compliance, which is key to maintaining balanced business practices. We offer professional regulatory compliance assistance and compliance program development for new or established businesses. Our team provides our clients with the best statutory compliance advisory and well-researched industry-specific compliance services.
Our mission is to provide you with compliance strategy and implementation with the support needed to handle your business confidently and efficiently. We offer personalized regulatory compliance risk management services to help you stay ahead of the market competition. We offer expert statutory compliance review and compliance documentation services together to solve your legal matters and make your business compliant with local laws and regulations.
PFOC takes its adherence to the laws seriously and provides compelling government compliance consulting and professional regulatory compliance monitoring. Contact our team for further assistance or request statutory compliance training from PFOC.
As a business owner, you and your business are required by law to adhere to certain statutes. These statutes are regulated by the FBR (Federal Board of Revenue) and the SECP (Securities & Exchange Commission of Pakistan). To run a completely compliant business, you need to fulfill all statutory requirements that the government has enforced so that you can run a hassle-free operation.
Statutory Compliance is easy when you have PFOC looking after your business’s accounts and filing returns to the FBR. Our decades-long experience in dealing with limited companies, partnerships, and sole proprietorships from all walks of life, enables us to not only understand your business’s unique scenario but also to advise on the best way to remain compliant.
Statutory compliance relates to the various labor and taxation laws prevalent in Pakistan. These laws change, periodically, on the Provincial and National levels. It is mandatory for companies to obey them. Non-compliance with these regulations can land a company into legal trouble such as penalties, fines, or worse. Therefore, companies spend a good deal of resources ensuring statutory compliance.
Statutory compliance ensures that an organization avoids penalties, disqualifications, confiscation of licenses, fines, lawsuits, etc. In other words, complying with prerequisite regulations and norms ensures that the business does not face any legal implications.
When a company is successfully complying with requisite regulations, it saves a lot of time, effort, and resources that can be employed in sectors that are more indigenous to its cause and existence i.e., growth and profitability.
A company that is adept in statutory compliance is a symbol of stability and top-notch work ethics. Anyone who is related to the company is aware of the authenticity of the company’s practices along with its image and public perception.
Statutory compliance automatically boosts employee morale. Compliance with regulations will ensure that the company performs at maximum efficiency and with good intent. This will boost goodwill. When a company has a good reputation, the employees of the company automatically have higher morale and tend to stick around longer.
Statutory Compliance is a blanket term that describes a business’s requirements to file:
• Annual Accounts
• Tax Returns
• Sales Tax Returns
• Company Incorporation
• Corporation Tax Returns
• Withholding Income Taxes Submission
• Labor Department compliance
• Goods and Services Tax
• All Other Legalities
PFOC eliminates the need to search for all-encompassing accountancy and finance firm. Our corporate headquarters in Johar Town, Lahore provide practical and efficient solutions to all your accounting and financial needs.
The skilled tax and finance professionals at PFOC, work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations.
An investment is an asset that is created with the intention of allowing money to grow. The wealth created can be used for a variety of objectives such as meeting shortages in income, saving up for retirement, or fulfilling certain specific obligations such as repayment of loans, payment of tuition fees, or purchase of other assets.
Understanding investments will allow you to make the right choices for the future. Investments generate income in two ways. Firstly, if you invest in a saleable asset, you earn income by way of profits.
Secondly, if Investment is made in a return-generating plan, then you will earn an income via the accumulation of gains over time. Thus, investments are putting your savings into assets or objects that become worth more than their initial worth with time for example stocks, bonds, fixed deposits, and direct equity. Investments can be categorized as:
• Growth Investments
These are more suitable for long-term investors that are willing and able to withstand market ups and downs.
• Defensive investments
These are more focused on consistently generating income, rather than growth, and are considered lower risk than growth investments.
I have extensive experience in various local and multinational chartered accountancy firms of Pakistan. My expertise lie in dealing with individual and company tax affairs. Me and my team deal with complex tax affairs day in and day out and would be glad to help you and your business remain compliant with Pakistan’s tax authorities.
EXCELLENT Based on 9 reviews Azan Nawaz2022-11-14Trustindex verifies that the original source of the review is Google. Excellent. Reliable. 100% to be recommended. I would definitely use their services again. Great experience from initial inquiry to the completion of the job, Professional and efficient team. Shoaib Ahmed Dar2022-11-13Trustindex verifies that the original source of the review is Google. Amazing customer services their finance advise and digital marketing services are best it is one stop shop for businesses in growing phase Bilal Farooq2022-09-02Trustindex verifies that the original source of the review is Google. Business development and creative Usama Sheikh2022-08-25Trustindex verifies that the original source of the review is Google. With PFOC's diverse set of services under one roof in Pakistan, businesses and individuals are able to grow faster and more effectively. It is very impressive that legal services, accounting services, and marketing services can be combined using a digital platform to reach both business-to-business and business-to-consumer customers. I found the team to be very experienced, energetic, supportive, and easy to work with.Highly Recommended in Pakistan Azhar Ali Buttar2022-08-23Trustindex verifies that the original source of the review is Google. Great people to work with! They develop networks around the businesses so you can actually meet your next big customer or a brilliant supplier through them. This is unlike any of the businesses I have met in Pakistan. Syed Qasim Abbas2022-08-22Trustindex verifies that the original source of the review is Google. PFOC has a bunch of brilliant people who can really help your business grow via the digital medium. Whether it is SEO or Web Development or the brand development itself, they really help you through and through. Recommended! Saeed Roomi2022-08-19Trustindex verifies that the original source of the review is Google. I have been working with PFOC for over a year and it feels great everyday. You get to meet people from different backgrounds and there is a lot of cross learning here. I feel this is perhaps one of the best employer I have come across in Pakistan. Rana Haroon2022-08-19Trustindex verifies that the original source of the review is Google. One of the best branding experts I have met in Pakistan. They delivered what they promised and to be honest surpassed my expectations. Would definitely recommend their services to any business who wants to establish their brand as a market leader.
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