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 is an execution clause in a contract?
This is the section in which the parties sign the contract or agreement.
When can I start renewal of the registration of my product(s) with NAFDAC?
You can start renewal 6 months to the date of expiry.
What is data protection?
Data protection is a legal process of protecting sensitive data.
Can I grant another person the permission to use my design?
The right of the owner of an industrial design includes the licensing and authorization of another person to use the design.
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’s the difference between a business name and an LLC?
A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.
A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued.
What do I need for a trademark search in Nigeria?
To do a trademark search you will need the name or/and logo (device) of the trademark to be searched and the Class of the trademark that accurately describes it.