NIPC Business Registration in Nigeria – when required?
The Nigerian Investment Promotion Commission (NIPC) was established by the Nigerian Investment Promotion Commission (NIPC) Act 16 of 1995 to encourage, promote, and co-ordinate all investments in Nigeria. It also regulates the participation of foreign businesses in the country.
The NIPC Act allows foreign nationals to own up to 100% equity and invest in any business in Nigeria except those indicated on the negative list as defined by section 31 of the Act such as production of arms, ammunition, narcotics and related substances. Section 20 of the NIPC Act requires all enterprises in which foreign participation is permitted to apply to the Commission for business registration.
Business Registration in Nigeria
To apply for NIPC Business Registration Certificate in Nigeria, the following documents are required:
- Duly completed NIPC Form I;
- Memorandum & Articles of Association;
- Certificate of Incorporation;
- CAC Form 1.1 or Status Report (or CAC Forms CO2 and CO7 for old companies);
- Power of Attorney/ Letter of Authority (where applicable);
- Approved Remita payment receipt of prescribed fees (Non- refundable)
- NIPC payment receipt
Procedure for Processing
The NIPC Business Registration now takes 24 hours to process once all required documents are submitted. Applicants are to submit all required documents at the One Stop Investment Centre in NIPC or scanned copies sent to email@example.com; the NIPC Business Registration Certificate will then be issued to applicant.
Team 618 Bees
618 Bees can quickly and easily help you register your business with NIPC in Nigeria VAT. Log on to our website www.618bees.com or email firstname.lastname@example.org, or give us a call on +2349017190079. 618 Bees will complete your application with the Nigerian Investment Promotion Commission (NIPC).
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