Insa lawyers have recently assisted Norwegian-Pakistanis who want to sell their properties in Pakistan and bring the money back to Norway.

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In this context, we have assisted clients with the following:

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• Sale of property
• Drafting of agreements and execution of settlements
• Transfer of money to Norway
• Reporting assets to the tax authorities/applying for tax amnesty

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For those who have spent large parts of their lives in Norway, this type of process in Pakistan can appear very complicated and difficult. Therefore, it may be desirable for many to hand over responsibility for the entire process to a professional player based in Oslo. We can assist with everything from marketing and selling the property until the money is in your account in Norway.

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When drafting sales agreements and deeds, it is important to remember that the money will be transferred to Norway. When transferring money, it will be necessary to document where the money comes from and why it should be sent out of the country.

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In connection with the settlement, it is convenient to receive the money in an account in Pakistan. When transferring money to Norway, you will normally encounter a number of challenges. In our experience, the local banks normally reject a request to transfer money abroad, saying that this is only possible in connection with studies or for treatment of illness. Although there are severe restrictions on money transactions abroad, it is still possible to legally transfer money abroad. It is required that an application be submitted to the State bank to apply for permission to transfer the money first. Such an application must be submitted via a bank or foreign exchange company.

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When choosing a foreign exchange company, we focus on how much money we can transfer, how quickly the transfer can be made and how much the foreign exchange company charges. Our clients have been satisfied with the company we use.

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Some of the people who have assets in Pakistan have not reported this to the tax authorities. They can still do this without risking sanctions if the conditions for tax amnesty are met.

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Do you have questions or need help in connection with the transfer of assets from Pakistan to Norway? Get in touch with usand we'll figure out the way forward together.

Despite the political unrest, there are major investment opportunities in Pakistan. With a population of over 220 million people, there are large markets for various business activities such as retail, restaurants and hotels, real estate, education and healthcare, etc.

Investors from abroad, such as Norway, may face various challenges when starting a business in Pakistan.

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Firstly, the business must normally be run through an enterprise. There are several different company forms to choose from. The most common is the Private Limited Company. This form of company is the closest thing to a Norwegian limited company. The company must be registered in accordance with Pakistani law and it is required to prepare and submit a Memorandum of Association and Articles of Association. In addition, the company is required to have two "Directors". Once the company is registered, bank accounts are established and an accountant must be engaged.

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The necessary public permits must then be obtained for the business in question. For example, if you want to start a private school, you must apply for registration with the Ministry of Education. This requires the following:

- Approved map of the school building

- An attested Affidavit showing name of school, level, owner's name

- Copy of Rent deed / Ownership deed

- Printed Prospectus and Admission Form

- Teachers Appointment order and their Testimonials

- Building Fitness Certificate from registered engineer or registered architect

- Hygienic Condition Certificate from DHO, Health Department

- Rules & Regulations of the Institution

- Memorandum of the Association in case of Registered Body

- Registration Certificate in case of NGO / Association / Body / Registered by Authority Joint Stock / Social Welfare Department

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Similarly, it may be necessary to register other types of businesses.

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Insa advokater assists clients in registering companies, applying for the necessary permits, registering businesses and obtaining the necessary documentation and certificates. In addition, we assist investors with tax matters and marketing. Contact us free of charge here.

Does someone owe you money? Then you have a monetary claim against them. You are entitled to payment. The person who owes money is called a debtor, and the person who is entitled to the money is called a creditor. Both the creditor and the debtor can be both natural and legal persons.

There can be many different reasons why someone owes you money. To put it another way: a monetary claim can have different grounds. The most common is that you have entered into an agreement for the purchase and sale of goods and services. The seller of a sofa is entitled to payment for the sofa in accordance with the agreement. This is a typical consideration claim where you are entitled to payment for a consideration. Another example of a typical monetary claim is a loan agreement. Anyone who has borrowed money from someone else has a loan debt. This means that the person in question has an obligation to repay the loan to the lender. Another example is tax claims and other public claims or fees.

Does someone owe you money but refuses to pay? Then you may need to pursue your claim through the courts. This is a process that we at Insa advokater can help you with.

Remember that a monetary claim may be time-barred. This means that you must demand payment within a certain period of time in order to keep your claim. If you demand payment too late, you lose the opportunity to collect the money. The general rule is that a monetary claim is time-barred after 3 years. This means that you must send a demand for payment to the debtor no later than 3 years after the monetary claim arose. Are you unsure whether your claim is time-barred? Call Insa and we will help you.