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Expand into Pakistan with Innovare

Pakistan, a vibrant and diverse nation in South Asia, offers a wealth of business opportunities for those seeking to tap into the region's rapidly growing market. Innovare empowers seamless business expansion into this dynamic landscape.

Our comprehensive Employer of Record (EOR) services leverage our deep expertise and unwavering commitment to compliance, ensuring a smooth adaptation for your venture within the local business environment.

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Expand into Japan with Innovare

Navigate Japan's unique business landscape effortlessly with Innovare's comprehensive EOR solutions. From intricate immigration services to seamless payroll administration, we're your bridge to tapping into the world's third-largest economy.

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Brief Overview

Innovare Thailand

Pakistan, a vibrant and diverse nation in South Asia, offers a wealth of business opportunities for those seeking to tap into the region's rapidly growing market.

Innovare empowers seamless business expansion into this dynamic landscape.

Our comprehensive Employer of Record (EOR) services leverage our deep expertise and unwavering commitment to compliance, ensuring a smooth adaptation for your venture within the local business environment.

Learn More

Expert navigation through Pakistan's complex regulatory framework.

Streamlined processes for foreign worker employment and payroll management.

Unwavering dedication to adhering to local labour laws and tax requirements.

Experienced support for both expatriate and local talent acquisition in Pakistan.

Local Expertise

Country-Specific Solutions

Onboarding

Onboarding in Pakistan involves several key steps to ensure compliance with local regulations and smooth integration of new employees into the company.

  • Legal Documentation: Collect and verify CNIC (Computerised National Identity Card), educational certificates, and previous employment records.
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  • Employment Contract: Draft and sign an employment contract outlining job roles, responsibilities, and compensation.
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  • Orientation Program: Conduct an orientation session to familiarise new hires with company policies, culture, and their specific roles.
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Payroll Services

Managing payroll in Pakistan requires adherence to local laws and timely processing to ensure employee satisfaction and compliance.

  • Salary Structure: Include basic salary, allowances, and benefits as per company policy and labour laws.
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  • Deductions: Calculate and deduct income tax, social security contributions, and other statutory deductions.
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  • Payment Schedule: Salaries are typically paid on a monthly basis, with the pay date usually being the last working day of the month.
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Taxes

Understanding the tax landscape is crucial for businesses operating in Pakistan to ensure compliance and optimise tax liabilities.

  • Corporate Tax Rate: The standard corporate tax rate is 29% for tax year 2024.
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  • Sales Tax: The general sales tax rate is 17% on goods and services.
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  • Withholding Tax: Various withholding taxes apply on payments such as dividends, interest, and royalties, typically ranging from 10% to 15%.
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Leave

Leave policies in Pakistan are governed by labour laws and company policies, providing employees with various types of leave.

  • Annual Leave: Employees are entitled to 14 days of paid annual leave after completing one year of service.
  • Sick Leave: 16 days of paid sick leave per year.
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  • Maternity Leave: Female employees are entitled to 12 weeks of paid maternity leave.
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Social Security Management

Social security in Pakistan is managed through contributions to various funds to ensure employee welfare.

  • Employee Old-Age Benefits Institution (EOBI): Employers contribute 5% of the minimum wage, while employees contribute 1%.
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Termination

Termination of employment in Pakistan must comply with legal requirements to avoid disputes and ensure fairness.

  • Notice Period: Typically, a one-month notice period is required for termination.
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  • Severance Pay: Employees are entitled to severance pay equivalent to one month's salary for each year of service.
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  • Grounds for Termination: Can include misconduct, redundancy, or poor performance, but must be documented and justified.
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Immigration Services
Payroll
Tax & Social Security
Leave
Other Employer Costs & Insurance
Dispatch Service

Pakistan Market
Insight

GDP Growth

Projected GDP growth rate of 4.5% for 2024.

Key Sectors

Agriculture, textiles, IT, and telecommunications are major contributors to the economy.

Foreign Investment

Government incentives and reforms are attracting increasing foreign direct investment (FDI), particularly in infrastructure and energy.

Global Reach

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FAQ

You've got questions, and we have the answers.

1) What documents should the client have ready to avail EOR services from Innovare in Pakistan?

2) Do you assist clients with company incorporation in Pakistan? If so, to what extent do you provide support?

3) What does the process of getting started with Innovare for EOR services in Pakistan actually entail?

4) Does Innovare also support businesses with other aspects of setting up a business, such as becoming a member of a chamber of commerce or taking advantage of particular government schemes or grants in Pakistan? If yes, to what extent does that support extend?

5)  How does Innovare assist clients with visa and work permit requirements in Pakistan? What documents do you require from clients to facilitate the visa application process?

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