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.

More Articles

Search

Connect With Us

Got any questions?

If you are having any questions, please feel free to ask.

Send us an email

Frequently Asked

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 

  • Do I need a Company Secretary?

    A limited liability company (LLC) must not have a company secretary.

  • What is a testimonium clause in an agreement?

    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.

  • What are the product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water

  • What is personal data?

    This is any information that can be used to identify an identifiable human person such passport photograph.

  • Do I need permission to copy or use any copyright material in Nigeria?

    You do not require permission under the Nigeria Law to use or copy a copyright material when it is for research purpose, educational, non-commercial purpose, reviews and criticism etc

    However, when the copies are large, you must seek permission from the copyright owner.

  • Do I have to physically drop off my product sample at NAFDAC office?

    No, you can choose to have it sent to NAFDAC office

  • What is share capital?

    The share capital in a private limited company is the amount of money invested by its owners in exchange for shares of ownership.

  • How long does a trademark registration in Nigeria Last?

    Trademark is valid for seven years from the date of application but you may renew the application for the trademark for an additional period of 14years.

Call Us Now on +234 901 719 0079 Chat on WhatsApp