Non-resident companies: FBR issues separate procedures/conditions
The Federal Board of Revenue (FBR) has made it mandatory for non-resident companies (having no Permanent Establishment in Pakistan) to be registered to provide tax registration or incorporation document from relevant regulatory authorities of the foreign country.
Landlords have been plagued by the removal of one set of squatters only to find that another set, or indeed the same ones, have returned shortly thereafter. This is particularly more so since the criminalisation of squatting in residential premises in 2012. To remove squatters a landlord would need to obtain an order for possession […]
DIFC Collective Investments Funds Regime – Regulated by the DFSA
The Collective Investment Law 2010 (DIFC Law No. 2 of 2010), the Collective Investment Rules (CIR), Module of the DFSA Rulebook and the Regulatory Law of the DIFC (DIFC Law No. 4 of 2004) are the primary components of the DIFC Collective Investment Funds Regime (the DIFC Funds Regime). The DIFC Funds Regime is regulated […]
Introduction Given the substantial developments and growth in the Islamic finance industry over the last 10 years or so, it is clear that the pace of innovation has also had its downsides. Some Shariah scholars and practitioners have criticised the sector’s rapid growth as occasionally being reckless and unnecessarily “pushing the theological boundaries too far”. […]