A Wholly Owned Subsidiary Company is an entity of which 100% shares are held by another company. When foreign company makes 100% FDI (Foreign Direct Investment) in Pakistan, the Pakistani company becomes the Wholly Owned Subsidiary of that Foreign Company. A Wholly Owned Subsidiary of Foreign Company can be defined...
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Provident Fund Accounting – Accounts Management
In provident fund employer and employee contribute a specific amount and at the end of employment accumulated amount, sum of employer and employee contribution, is paid to employee. Suppose total salary (inclusive of all ):10,500, employee PF contribution:500 Employer's contribution: 500 Entry will be Salary A/c (10,500)----------------------Dr. Employer's contribution A/c...
Accounting Outsourcing: A Cost Cutting Strategy
Running or growing a business is tough because of burden of administration and accounting cost. A best solution to reduce the accounting cost is to outrace accounting function. Accounting outsourcing requires a business to do work of record maintenance only, which does not require any specialized accounting skill. Ever-changing tax...
Company Registration in Gwadar
With the advancement of technology, distances squeezed and now many things become possible which was considered impossible. One of them is outsourcing of business which emerged as a new sector recently. From Conglomerates to SME’s, majority of successfully companies/businesses are emphasizing on outsourcing of their departments to external vendors. In...
SECP – Company Registration in Rawalpindi
OLY Consultant assist you in registration process of securities and exchange commision of Pakistan. SECP offers two ways to register a company: Online Offline In first pace, you decide which method is more convenient for you. Once you finalized then initialize the process as per the guidance of rules and...
SECP – Name Availability for Company Registration
SECP offers online/offline name availability option to all participants who want to register company in Pakistan. SECP is Government institution who deals in all corporate matters including company registration. In first step you reserve company name: E.g. KK Consultant (SMC-PVT) Limited. SMC stands for Single Member Company. Now a single...
Top 5 companies of Saudi Arabia
Top Companies of Saudi Arab Saudi Arabia is one of the richest countries in the world and the most resourceful of all the countries in terms of production of oil and gas. Here is a list of top 5 companies that are based in Saudi Arab. Saudi Basic Industries Corp...
Companies Prohibited Names By SECP
Rules for prohibited names by SECP for Companies Name of Company containing country name or nationality other than Pakistan. These names are not allowed unless sufficient justification is provided. Name of Company containing name of two countries i.e. Pakistan/Pak and any other foreign company These words may be included in...
Pakistani Diaspora in Oman
Oman is the oldest independent Arab state which has been ruled by the monarchy for centuries. Two of their border touches the two seas of Indian Ocean on the southeast and the sea of Oman on the northeastern border, Saudi Arabia is on their west, Yemen is at south and UAE...
Pakistani Diasporas in Kuwait.
Kuwait officially known as the State of Kuwait is an oil-rich country on the edge of the Arabian Sea bordering Iraq and Saudi Arabia. It has a population of 4.2 million with 1.3 million are Kuwaiti nationals constitutes of 30% of the population, whereas the 2.9 million are the expatriates...