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A unique name helps to separate your business from others. Without a business name registration certificate, you cannot open a bank account for your business. Business name registration is also required for obtaining a tax clearance for your business.
2 intended names for your business
Intended business address
Particular of Proprietors (Name, Contact Address, Phone Number, Email and Date of Birth, Valid Identification Card)
Nature of Business and Passport Photograph of Proprietors(s)
The first and most important reason why people incorporate is for something called corporate personality which helps protect the directors from liability. Secondly, there are tax benefits for registering a company. Lastly, registering a company over a business name project more professionalism and competitiveness in whatever you are selling.
2 intended names for your company
Intended company address
Particulars of Directors (Name, Contact Address, Phone Number, Email and Date of Birth, Valid Identification Card)
Nature of Business and Passport Photograph of Directors
You need a Tax Clearance Certificate to prove that you are Tax Complaint and are in good standing with the Government
Yes, in order to bid for any government contract you will also need your Tax Clearance Certificate as one of the main requirements if not your application will be denied.
Payment of Tax is a civic duty. If you are providing goods and services in Nigeria, which are not exempted, then you need to register for VAT.
Duty filed and officially stamped VAT form
Application letter on company letter headed paper with official stamp
Certificate of Incorporation
Memorandum and Articles of Association
Particulars of Person who are First Directors of the Company
Statement of Share Capital and Return of Allotment
The original copy and two copy of each document
Official company stamp or seal
The Nigerian Social Insurance Trust Fund is targeted at protecting private sector employees from financial difficulties in the event of old age cessation of employment, invalidating or death meaning it is very important for any organization to obtain. Also, NSITF certificate is one of the requirements you need as a corporate body to do business in Nigeria.
Evidence of Remittance of monthly contribution with your company letter head paper
NSITF payment receipt
NSITF previous certificate(optional)
A letter for request for the issuance of compliance certificate with your company letter headed paper and be addressed to the Managing Director of NSITF
National Pension Commission certificate is important to make provision for uniform contributory pension scheme for public and private sector in Nigeria and related matters such as application tender or bidding documents.
Certified list of the employees of the organization as at the end of the last fiscal year. The certification should be done by an authorized officer of the applicant organization.
Certified rate of monthly pension contributions specifying employee and employer rates. (Employer 10%, Employee 8%)
Evidence of remittance of monthly pension contributions for all employee as follows: (a) for the last three fiscal years for organizations that were in existence for that period and that have five or more staff (b) for organizations that have not been in existence for the last three fiscal year from the date of Incorporation/Registration/Licensing to the last fiscal year (c) From July 2014 to December 2016 for organization with three to four staff.
Evidence of Remittance of all outstanding Pension contributions and penalties (for late Remittances).
Applicable only to organizations whose Pension has been reviewed.
Evidence of transfer of Pension fund and asset prior to the commencement of the Contributory Pension Scheme (CPS) to a licensed fund operator. This is only Applicable to those who have pension arrangement or where in custody of Pension assets before June 2004 when the CPS commenced.
Evidence of current Group Life Insurance Policy for staff specifying the number of lives and sum assured. These are the requirement for PENCOM Certificate Issuance according to the Provision of the Pension Reform ACT 2014 (PRA 2014)
Industrial Training Fund was established to promote and encourage the acquisition of skills in industry or commerce in Nigeria with a view to generating a pool of indigenous trained manpower sufficient to meet the needs of the economy. ITF certificate is very important for contract bids in all sectors in the government.
A prospective Employer is expected to complete ITF Form 7A (which is available online)
The completed Form 7A is to submitted to the nearest ITF Area Office along with: –
(a) A copy of company’s Corporate Affairs Commission’s Certificate of Incorporation.
(b) Certified True Copes of the Company’s Audited Account.
(c) A copy of the company’s Tax Clearance
The company will be assessed for its liability by ITF Revenue, Inspectorate and Compliance Officer
The client will then generate RRR through ITF Pay –portal or Remitta platform. After generating the RRR, the client will take same to the Bank for payment of Training Contribution.
After payment, the client will bring the printout of payment and duplicate Teller from the Bank to ITF Office.
Hard copy of receipt and acknowledgment letter will be issued to the client.
The ITF Area Office will then forward the employers details as contained in the form 7A to Headquarters’ Revenue, Inspectorate and Compliance Department for issuance of ITF National Number.
The ITF National Number will then be sent to the Area Office for Scripting and issuance of Certificate of Compliance.
A Certificate of Compliance will be given to the client as evidence of compliance with ITF Act.
Already registered employers/companies are expected to complete ITF form 5A
Completed ITF Form
The Bureau of Public Procurement is the regulatory body responsible for the monitoring and oversight of public procurement, harmonizing the existing government policies and practices by regulating, setting standards and developing the legal framework and professional capacity for public procurement in Nigeria.
All procurement processes involving government agencies require a BPP certificate.
Letter of Introduction
Name of Board of Directors
Parent company name as the case may be
Financial statement provides various financial information that investors and creditors use to evaluate a company’s financial performance. For any business and for the people who run it, the importance of accurate financial statements cannot be underestimated.
Statement Cash Flow
Expenditures for One Fiscal Year (Invoice and Receipts)