Are you a freelancer, software house, call center, or IT company looking to thrive in Pakistan’s dynamic tech industry? Then registering with the Pakistan Software Export Board (PSEB) is a crucial step towards achieving your goals.
PSEB registration not only boosts your credibility and opens doors to international markets but also provides a wealth of benefits, from tax exemptions to access to valuable resources and government support. In this comprehensive guide, we will delve into the significance of PSEB registration, the registration process, and the numerous advantages it offers to businesses in the IT sector.
We can help you get registered with the Pakistan Software Export Board (PSEB) – a must for freelancers, software houses, call centers, and IT companies looking to grow!
Why Register with PSEB? The Benefits Are Huge!
PSEB registration gives your business a major credibility boost, especially when dealing with foreign clients. It assures your investors that you’re a legitimate operation, as the government won’t grant tax exemptions to companies associated with any shady dealings. Plus, you can send profits back to your shareholders without any deductions. PSEB also acts as your advocate, helping you navigate government agencies and connect with high-ranking officials.
But that’s not all! Here are some more perks of registering with PSEB:
- Access to Resources & Support: Get your hands on valuable programs, services, training materials, and professional development opportunities.
- International Exposure: Participate in global IT events and exhibitions sponsored by PSEB, and connect with potential investors at local IT events.
- Credibility Boost: Get help obtaining international certifications like ISO to enhance your company’s reputation.
- Visa Assistance: Smooth out the visa process for your staff, investors, and shareholders.
- Online Promotion: Showcase your business on the PSEB IT portal and reach a global audience of potential investors.
- Tax Benefits: Enjoy tax exemptions and get your repatriated profits without any deductions.
- Government Support: PSEB acts as a bridge between your company and government officials, making it easier to deal with different agencies.
- Online Promotion: Showcase your business on the PSEB IT portal to attract international investors.
In short, PSEB registration opens doors to growth and success for your IT business.
For Call Centers, it’s the Law!
If your IT business includes a call centre, registering with PSEB is mandatory. Avoid legal trouble with the FIA and PTA by ensuring you’re registered.
HETCO can make the PSEB registration process smooth and hassle-free. Contact us today to get started!
PSEB Registration for Call Centers: A Legal Must
If your IT business has a call center, registering it with PSEB isn’t just a good idea—it’s the law. If you don’t, you could face legal action from government agencies like the FIA and PTA.
About PSEB: Championing Pakistan’s IT Industry
The Pakistan Software Export Board (PSEB) was created by the government to help our IT industry shine on the global stage. They do this by building infrastructure, training skilled workers, boosting company capabilities, promoting our IT services internationally, and conducting research.
PSEB also offers attractive incentives to encourage international companies to outsource their IT work to Pakistan. These include 100% ownership, full repatriation of profits, and income tax breaks on IT exports until June 2025.
Pakistan’s IT industry has a lot to offer, including English-speaking, talented, and cost-effective professionals, internationally certified companies, and a reliable telecom infrastructure. PSEB actively collaborates with global trade associations, organizations, and media to showcase Pakistan’s IT prowess.
Currently, PSEB supports around 3000 companies providing a range of IT services, from custom software development and ERP solutions to financial solutions, mobile content, document management, enterprise computing, and business process outsourcing.
PSEB’s Role & Duties
Here are some of its key responsibilities:
- Strategic Planning: Creating a roadmap for the development of the IT industry in Pakistan.
- Policy Analysis: Examining how government policies impact the IT sector.
- Company Support: Helping new IT companies and call centers get registered and set up in Pakistan.
- Infrastructure Development: Planning and building “Software Technology Parks” and IT Parks across the country.
- International Marketing: Promoting Pakistani IT companies globally and attracting foreign companies to establish their software development centers here.
In short, PSEB plays a crucial role in supporting and expanding Pakistan’s IT industry at various levels.
Registering Software Houses, IT Companies, and Call Centers with PSEB: Why it Matters
Information Technology (IT) and computers are now a part of every business, from HR and finance to manufacturing and security. It’s nearly impossible to run a company smoothly without IT hardware and software. To keep things running and avoid costly mistakes, companies often need help from IT and software experts.
This is where software houses, IT companies, and call centers step in, providing vital services like technical support, computer programming, web development, and much more. These services not only help local businesses but also bring in valuable foreign exchange through exports.
In Pakistan, cities like Lahore, Karachi, and Islamabad are major hubs for IT and call center services, generating significant revenue from overseas clients. As the demand for these services grows, so does the awareness and importance of these businesses.
This rising demand is also reflected in the increasing number of company registrations in Pakistan each year, especially for software houses and call centers.
Tax Breaks for IT Companies in Pakistan
Good news for IT companies! In Pakistan, the money you earn from exporting IT services is tax-free until June 30, 2025. The only condition is that you need to bring those foreign earnings back to Pakistan through proper banking channels.
However, if you provide IT services within Pakistan, you’ll still have to pay taxes on that income.
To get this tax exemption, your company must be registered with PSEB.
How to Register with PSEB: A Step-by-Step Guide
Ready to register your business with PSEB? Here’s how to do it:
- Sign Up: First, sign up on the PSEB website. You’ll get a temporary login to start your application.
- Fill and Submit the Form: Complete the online form and upload all the required documents. Make sure you provide all the mandatory information, or your application might be rejected.
- Pay the Fee: Once PSEB gives you initial approval, pay the registration fee. You’ll need to upload the fee receipt on the portal.
- Wait for Final Approval: After your payment is verified, wait for the final approval from PSEB.
- Get Your Certificate: You’ll receive your registration certificate within 2-5 working days after final approval.
Documents You’ll Need to Upload
- Business NTN
- CNIC copies of all Directors/Shareholders/Partners/Proprietor
- Passport copies of Directors/Shareholders/Partners (if they’re foreign nationals)
- Attested copy of Memorandum and Articles of Association (for SECP-registered companies)
- Attested copy of Form 29 (for SECP-registered companies)
- Attested copy of Incorporation Certificate (for SECP-registered companies)
- Certified copy of Partnership Deed (for partnership firms)
- Attested copy of Firm Registration Certificate (for registered firms)
- Business Bank Statement for the last six months
- OR Business Bank Account Letter/Certificate (if you have a new account)
Remember: It’s important to submit all the correct documents to avoid any delays in your registration.
Conclusion
In the fast-paced and competitive world of IT, PSEB registration is not just an option, but a strategic necessity for businesses aiming for growth and recognition. From enhancing credibility to accessing valuable resources and enjoying tax benefits, the advantages of registering with PSEB are undeniable.
By partnering with HETCO, you can ensure a seamless and efficient registration process, allowing you to focus on what you do best – innovating and delivering exceptional IT solutions.
Ready to take your IT business to new heights? Contact HETCO today and let us guide you through the PSEB registration journey.