What are the CAC requirements for the registration a logistics business?

What are the CAC requirements for the registration a logistics business?

December 18, 2019

Generally, the requirements for registering a logistics business are that it must be registered as a company having atleast a million share capital structures. However, there are stringent requirements with regards companies engaged in certain aspects of the logistics industry. These include:

  1. Freight Forwarding:

The Corporate Affairs Commission has put the minimum threshold for the registration of Logistic Companies who engage in Freight forwarding as N5, 000,000 (FIVE MILLION NAIRA). To this extent, a company that wishes to carry on Freight forwarding as part of its business objects must have a minimum share capital of N5, 000,000.

  1. Shipping company/Agent:

The Corporate Affairs Commission has put the minimum threshold for the registration of Logistic Companies who engage in shipping or who serve as agents to have as a pre-requisite a minimum share capital of N25, 000,000 (TWENTY FIVE MILLION NAIRA). To this extent a company who wishes to carry on shipping activities as part of its businesses must have a minimum share capital of N25, 000,000.

618 Bees can help you quickly and easily help you register a logistics business. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your registration with the Corporate Affairs Commission.

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached.

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