Pukka Logistics & Support Services Limited

Procedure for Registration of a Foreign Company in Nigeria × Prepare a joint Venture Agreement if any × Fulfill all immigration requirements × Register a company with the CAC × Register the company incorporated with the NIPC (See S. 19( 1)) of the NIPC Act and with NOTAP × Register the company with the Securities and Exchange Commission. × Note: Foreigners can own 100 percent of any business except those in the Negative List which are: × Production of arms and ammunition × Production of military and paramilitary wears × Production of narcotics. See S. 17 of the NIPC Act Completion of Registration × Stamping of all documents – (See Stamp Duties Act) × Filing and and registration of all documents- upon payment of appropriate filing and registration fees. × Issuance of certificate of incorporation by CAC. × See - Section 36 (1),(2)&(6) of C.A.M.A For more information on Business registration in Nigeria, Business documentation ...

Capacity to Incorporate a Company × Capacity to form a company – the law empowers any two or more persons to form a company as long as they comply with the requirements of the CAMA. × However, CAMA prohibits the categories of persons: × persons that are less than 18 years of age, unless there are two other persons of full age who have already subscribed to the Memorandum of Association; × persons of unsound mind who have been so found by a court; × an undischarged bankrupt; and × A person disqualified under Section 254 of CAMA from being a director of a company. Incorporating a Company – Essentials × Name: × Prohibited Names - identical with an existing company; etc. × Restricted Names – require prior consent of the Commission. × Memorandum of Association - regulates the affairs of a company particularly as it relates to doing business with the outside world. × Articles of Association - embodies the rules and regulations governing the inte...