8:00 - 17:00

Our Opening Hours Mon. - Fri.

07069279374

Call Us For Free Consultation

Facebook

Twitter

Search
Menu

General Articles

Ibe, Chido and Associates > General Articles

PIONEER STATUS AND OTHER INCENTIVES AVAILABLE TO FOREIGN AND INDIGENOUS INVESTORS IN THE NIGERIAN

The successive and current governments of the federal republic of Nigeria has deemed it expedient to adopt the international best practice of introducing a wide range of economic incentive and reliefs that would motivate investors so as to make Nigeria an investment safe haven These incentives and reliefs are meticulously captured in various laws of Nigeria, but most specifically in the Nigerian Investment Promotion Commission (NIPC) Act, foreign exchange (monitoring and miscellaneous provisions) Act, customs and excise management Act, Industrial Development (Income Tax Relief) Act, Companies Income Tax Act and under the minerals Act etc. The Nigerian investment promotion commission, being a...

Continue reading

REGISTRATION REQUIREMENTS AND COST OF SECURITIES EXCHANGE IN NIGERIA.

Below are the requirements and fees payable prior to registration with Securities and Exchange Commission of Nigeria.FEES  N5,000:00 (Five thousand naira only) being an application fee. N200,000.00 (Two hundred thousand naira only) being registration fee for the Company and N1,000.00 (one thousand naira only) for each sponsored individual. REQUIREMENTS Duly executed Form SEC 5 for the Exchange (The Company)and Forms SEC 2(in duplicate) for sponsored individuals who shall be principal officers of the Exchange (i.e Managing Director and Principal Officers). Please note that you are to sponsor at least four officers; one of which should be a Compliance Officer who shall be responsible for monitoring compliance...

Continue reading

RELEVANT INFORMATION REQUIRED TO PREPARE A TENANCY AGREEMENT

The relevant information required to prepare a tenancy agreement.1. Name, address, and occupation of both the Landlord and tenants.2. Date the tenancy is expected to commence.3. A detailed description of the rented property.4. Duration of the tenancy.5. Rent to be paid and the method of payment, whether cash or online transaction.6. Any specific undertaking to be performed by Landlord and tenant.Thank you. ...

Continue reading

REQUIREMENTS FOR LABOUR/RECRUITERS PERMIT

The following are documents required for an application for recruiters license.1. Covering letter2. Pre-registration inspection report3. Application(to be downloaded from www.nelexnigeria.com or .org)4. Photocopy of revenue receipt5. Photocopy of certificate of incorporation6. Photocopy of memorandum and article of association which includes RECRUITMENT CLAUSE, very important7. Employee handbook8. Prototype offer of employment9. Management profile10. Photocopy of particulars of directors11. Photocopy of registration with a pension fund administrator(trust fund pensions)12. Training policy13. Notification of registration with NSITF14. Evidence of healthcare service for employees with Mediplan Health Ltd15. Strong worded original bond document in favour of Min. Of Labour( it must be with the sum of 5million...

Continue reading

REQUIREMENTS FOR PENCOM COMPLIANCE CERTIFICATE,NATIONAL SOCIAL INSURANCE TRUST FUND COMPLIANCE CERTIFICATE AND INDUSTRIAL TRUST FUND CERTIFICATE (ITF)

PENCOM COMPLIANCE CERTIFICATE Photocopy of CAC certificateFIRS Tax Identification Number (TIN)Processing of Employer Code with PENCOMRegistration of 3 staffs with Pension Funds Administration (PFA)Remittance of 18% of 3 staffs salaries for 36 monthsGroup Life insurance to cover the 3 staffs of the company. Duration will depend if the company already has an EMPLOYER CODE. If they have, the timeframe will be 3weeks,but if they don’t, it will last for at least 1month. NATIONAL SOCIAL INSURANCE TRUST FUND COMPLIANCE CERTIFICATE Tax Clearance CertificateCorporate Affairs CertificateRemittance of 1% of 5 staffs total salaries for 72 months  INDUSTRIAL TRUST FUND CERTIFICATE (ITF) Original copy of CAC certificate for sightingCurrent Audited...

Continue reading

How to Obtain Expatriate Quota and Business Permit in Nigeria: A Step by Step Guide

Expatriate quota/business permit is consent in writing issued by the Minister of Interior on behalf of the Federal Government of Nigeria to an applicant company (be it a joint venture wholly  foreign or Nigerian owned) to employ a foreign expert to a specifically designated job description. To put it more aptly, Expatriate quota slots are granted to a company registered with the Corporate Affairs Commission (CAC) and not to individuals. Therefore it is the duty of the company and not that of the employees to obtain an expatriate quota. Expatriate quota has been divided into two and they are: PERMANENT UNTIL REVIEWED (PUR)...

Continue reading