OBTAINING THE NIPC BUSINESS REGISTRATION CERTIFICATE
The Nigerian Investment Promotion Commission (NIPC) Business Registration Certificate is a document issued by the Nigerian Investment Promotion Commission, an agency established by law to encourage, promote, and coordinate all investments in Nigeria.
By the provisions of Section 20 of the Nigerian Investment Promotion Commission Act of 1995, all business entities with foreign participation are required to apply to the Commission to register their businesses. However, this registration is to be done after the business has been duly incorporated by the Corporate Affairs Commission in accordance with the provisions of the Companies and Allied Matters Act.
The following documents are required to be submitted to NIPC for the purpose of registration:
1. A copy of the Certificate of Incorporation of the company
2. A copy of the Memorandum and Article of Association
3. A copy of the CAC Form 1.1/ CAC Status Report which contains the details of the company’s shareholding and particulars of the directors.
4. Duly completed NIPC Form I
6. Evidence of payment of the requisite registration fee
Conclusively, it is important to note that registration with NIPC is beneficial to the company as it particularly secures the business establishment against expropriation or nationalization by the Nigerian government and also guarantees transferability of capital, profits and dividends among others.
If you’re a business looking to invest in Nigeria and need assistance with NIPC registration, Aekley Solicitors can help. We have a team of professionals with lots of experience who can help you through the process and make sure you have all the paperwork you need.
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