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Yes. A residence permit must be granted before you begin self-employed activity. You cannot start trading first and regularise your status afterwards.
For non-EU/EFTA nationals, the residence and work authorisation must be in place before any self-employed activity begins. The application is assessed against labour-market and economic-interest criteria, so starting operations before approval is not permitted.
This is different from the EU/EFTA free-movement situation, where citizens can take up self-employment far more freely. As a third-country national you should plan for the approval process to come first and build it into your launch timeline.
ਇੱਕ ਲਾਇਸੰਸਸ਼ੁਦਾ ACME ਸਲਾਹਕਾਰ ਤੋਂ ਇੱਕ ਵਿਅਕਤੀਗਤ ਮੁਲਾਂਕਣ ਪ੍ਰਾਪਤ ਕਰੋ, ਜਾਂ Acey ਨੂੰ ਪੁੱਛੋ।