The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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The law is trite that no foreigner can engage in business in Nigeria without a business permit except those expressly exempted by the Companies and Allied Matters Act Cap C20 LFN 2004. As such, a registered...
For a finance company to be registered in Nigeria, an application must first be made in writing to the Central Bank of Nigeria (CBN) with the following details; An application fee in a draft of N100, 000(one...
A finance companyis a specialised financial institution that supplies credit for the purchase of consumer goods and services by granting small loans directly to consumers. The Central Bank of Nigeria (CBN)...
The procedure to obtain Expatriate Quota in Nigeria is as follows: Application on the letter headed paper of the company addressed to the Permanent Secretary Federal Ministry of Interior, Old secretariat...
Pioneer status is also known as a Tax holidayand it is an incentive granted to a company to be exempted from paying tax for a period of time. The initial grant is usually for a period of three years and an...
NACCIMA stands for Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture and they are the organization responsible for providing Certificate of Origin for goods. Certificate of Origin...
Pioneer status is an incentive also referred to as “Tax Holiday” which is given by the government to a company granting the company tax relief for a number of years6. The Industrial Development Income Tax...
Pioneer status incentive is a tax holiday given to companies for a period of time to encourage the growth and development of the Nigerian economy. A new company or an existing company with an expansion plan...
A Value Added Service License is a major requirement by Nigerian Communications Commission (NCC) for any business proffering value added services. Value added services are network based services other than...
The Immigration Act CAP 11 Laws of the Federation, 2004 in section 36 states that “No person other than a citizen of Nigeria shall accept the employment (not being with the Federal Government or state...
A Broadcast License is a type of spectrum license granting a licensee permission to use a portion of the radio/TV spectrum frequency in a given geographical area for broadcasting purposes. The following are...
The Standard Organization (SON) of Nigeria is the body vested with the responsibility to make sure that products locally manufactured in Nigeria have the required level of satisfaction desired by the...
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