Type of ownership:

The company will follow a corporation based ownership because:

● It will require huge amounts of capital to kick start the business

● Operations cost will also be high; hence a corporative ownership is better than
partnerships.
● Reduces the financial risk of people buying stocks.
● Corporations are better managed because in partnerships, the people are held responsible
in front of an entity.

License requirements:

https://emerhub.com/pakistan/guide-to-company-registration-in-pakistan/

A license will be required to start the business. Mentioned below is the step by step process of
acquiring a license:

● Selection of name: Should be distinct. No prohibited or offensive words in name.

● Submission of incorporation documents: Name reservation form, Articles of
incorporation (Address, place of business, Purpose of corporation, number of shares,
types of shares, Name and addresses of board of directors etc.)
● Certificate of incorporation: The SECP (Securities and Exchange Commission of
Pakistan) evaluates your incorporation documents and issues a certificate of
incorporation. You may have to do a presentation in front of SECP too to clarify certain
aspects of your business.
● Deposition of shares: The shareholders must Deposit their amount of shares accurately
in company’s bank accounts
● Registration of Income, Sales, and Professional Taxes: Registration with FBR and
obtaining a NTN (national tax number)

New Venture team:

● Founders: The people writing this report.

● Management:

Essential Employees:

⮚ CEO (Chief Executive Officer)

⮚ CTO (Chief Technology Officer)
⮚ COO (Chief Operating Officer)
⮚ Information Security Analysts
⮚ Security Architects
⮚ Security Engineers
 ⮚ Penetration Tester

People with I.T as their educational background will form the backbone of the company.
A good educational background with at least a bachelor’s level degree in a related subject will be
considered for hire.

Support Staff:

The staff will be hired based on skills and an educational background of at-least matric or
f.sc depending on the type of job.

⮚ Peons
⮚ Cleaners
⮚ Chefs
⮚ Security Guards
⮚ Reception

● Advisors:

Advisors are essential in any business. Advisors will include:

⮚ Managers
⮚ Lawyers
⮚ Human Resource
⮚ Marketing
⮚ Finance

Certain skills are very important in business Advisors. These include:

⮚ Communication
⮚ Business Knowledge
⮚ Time Management
⮚ Flexibility

People with these skills and adequate educational background will be considered for hire.

Intellectual Property Rights:

It is important to attain the intellectual property rights of your company. IPO (Intellectual
Property Organization Pakistan) is the relevant organization to get your intellectual property
rights for example, copyrighting the name of your company. It is important because it enhances
the security of company assets and makes sure no one in the future can use your name for
personal gains. Below mentioned are some details, fees and processing times.
 ● Copyright
⮚ There are a total of 22 forms, relevant forms will be filled.
⮚ The fee ranges from 2000 to 20,000 PKR per form.
⮚ Average processing time ranges from one week to 11 months depending on the
type of Copyright requested.
● Patent
⮚ There are a total of 45 forms, relevant forms will be filled.
⮚ The fee ranges from 750 to 32,000 PKR per form.
⮚ Average processing time ranges from one week to 18 months depending on the
type of Patent requested.
● Trademark
⮚ There are a total of 64 forms, relevant forms will be filled.
⮚ The fee ranges from 300 to 9000 PKR per form.
⮚ Average processing time ranges from 15 days to 4 months depending on the type
of Trademark requested.
● Designs
⮚ There are a total of 19 forms, relevant forms will be filled.
⮚ The fee ranges from 300 to 1500 PKR per form.
⮚ Average processing time ranges from 1 week to 1 year depending on the type of
Design license requested.

A comprehensive step by step procedure to apply for licensing is provided at the website of IPO.

Office Space:

There are some things to consider while finding an office space. An Ideal office would be
situated at a location which is reachable in a variety of ways. Looking at different locations in
Lahore, Gulberg seems to be a good location because of the following reasons:

● It is geographically at the center of Lahore.

● There are many office spaces available for rent and for purchase in Gulberg.
● Public transport is abundantly available in this area.

Essential Components:

Internet:

Internet connection will be essential in the functioning of the office space. There are a
few options for Internet providers

⮚ FiberLink
⮚ Wi-Tribe
⮚ NayaTel
 ⮚ PTCL
⮚ OPTIX

These are the leading internet service providers in Pakistan. Out of these, NayaTel does not
operate in Lahore and Optix does not have any deals for providing internet to businesses. Hence,
the choice is between PTCL, Wi-Tribe and FiberLink. Out of these 3, PTCL is not considered
because of high level of unreliability and bad personal experience. Wi-Tribe also has its fair
share of complaints. This leaves us with the option of FiberLink. It is a relatively new service
provider however there are positive reviews about it hence, we will get an internet service from
FiberLink.

Computers:

● Operating system
There is no preference of an operating system for security engineers as the tools are
available on all main operating systems. However, in order to have maximum possible
tools, both Linux and Windows will be used.
● Hardware
Our computers will cost 90k per unit and will be AMD Ryzen based. They will be able to
run all necessary software and tools required flawlessly.

Software Licences:

License for usage of software and tools which are not free will be required. This is very
important for the smooth operations.
References:

● https://builtin.com/cybersecurity/cyber-security-companies
● https://www.businesswire.com/news/home/20181129005764/en/Symantec-
Announces-New-Leadership-Structure-for-Enterprise-Security-Segment-to-Propel-
Next-Phase-of-Growth-and-Industry-Leadership
● https://emerhub.com/pakistan/guide-to-company-registration-in-pakistan/
● https://www.fundera.com/blog/incorporation-documents
● https://www.diva-portal.org/smash/get/diva2:211307/FULLTEXT01.pdf
● https://todayfounder.com/what-is-a-business-advisor-services-skills-cost-salary/
● https://ipo.gov.pk/
● https://www.researchsnipers.com/top-internet-service-providers-in-pakistan/
● https://optix.pk/
● http://wi-tribe.pk/
● https://fiberlink.net.pk/
● https://ptcl.com.pk/
● https://www.freecodecamp.org/news/10-tools-you-should-know-as-a-cybersecurity-
engineer/
● https://www.quora.com/Do-cyber-security-professionals-prefer-to-use-Mac-or-
Linux-as-a-main-operating-system
● https://www.quora.com/What-is-the-best-operating-system-for-cyber-security-
operations-especially-for-beginners
● https://www.quora.com/Which-type-of-OS-will-be-helpful-to-learn-cyber-security-
Linux-or-Windows