It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly.
What is the first thing I must do to register a business in Nigeria?
To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.
What are the terms of a contract?
an offer and an acceptance.
competent parties
Consideration
Legal subject matter
Mutual agreement/ Assent
Conesus ad idem
Obligation
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
Is it legal to transfer the personal data you obtained legally to another person?
No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
Who benefits from copyright in Nigeria?
The creator of the original copyright work (the Author) is the one who benefits but he can transfer his right to a third party.
Can I process/register multiple products at NAFDAC at the same time?
Yes, you can process/register multiple products at the same time
How many shareholders do I need to start a company?
A minimum of one (1) adult shareholder is required to form a company.
Will my trademark registration in Nigeria protect me worldwide?
No, all intellectual property (IP) rights which includes trademarks are territorial, which means you are protected in the countries in which you register them.
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