Procedure Step 1: Incorporation of the Business at the Corporate Affairs Commission (CAC) in accordance with the Companies and Allied Matters Act, 1990.
Step 2: Registration of the company with Nigeria Investment Promotion Commission for the granting of Business Permit (NIPC). NIPC also grants approval for expatriate quota positions and incentives.
Step 2: Registration of the company with Nigeria Investment Promotion Commission for the granting of Business Permit (NIPC). NIPC also grants approval for expatriate quota positions and incentives.
Requirement for Business Permit
Purchase NIPC Form 1 for N10 000.- Completed form must be submitted with original receipt.
Certificate of Incorporation.
A minimum share capital of N5 million.
Details of share holding in the joint venture.
Joint venture/partnership Agreement where applicable.
Memorandum and Articles of Association.
CAC's Form C02 and CO 7 duly certified.
Evidence of capital importation for wholly foreign companies.
Approval from the appropriate professional bodies where applicable.
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