SOFT COPY SUBSCRIPTION
Annual subscription x 12 issues
Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues
Subscribe Now!
For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
REVISED GUIDELINE ON BUSINESS PERMIT AND QUOTA
(1)INTRODUCTION
The Citizenship and Business Department has responsibility for administering and enforcing the provisions of the immigration Act, 1963 relate to the establishment of business in Nigeria and the employment of expatriates. In other Words, the Department is entrusted principally with the following responsibilities;
(i) Issuance of Business Permit and expatriate Quota positions; and
(ii) Monitoring the execution of the quota positions granted in order to ensure
effective transfer of technology to Nigerians and eventual indigenisation of
the positions occupied by the Expatriates.
(2) GENERAL RULES APPLICABLE TO ALL COMPANIES
Every enterprise, desirous of obtaining Business Permit and Expatriate Quota, is to submit an application to that effect to the Federal Ministry of Internal Affairs on Form T/1 designed for that purpose Companies are, however, to note that emphasis would be placed on employment of Nigerians to understudy the foreign experts for the purpose of training them, to enable the understudies acquire relevant skills for the eventual take-over of the expatriate quota positions. Renewal of quotas granted will not be automatic but considered on merit based on submission of the required documents, as specified in paragraph 3 (C) of this Handbook.
(3) GRANT OF BUSINESS PERMIT / EXPATRIATE QUOTA POSITION
All applications by companies for Business Permit and expatriate Quota should be accompanied by the following documents:
(A) BUSINESS PERMIT
For only Joint Venture and wholly Foreign owned Companies.
(i) Completed Immigration Form T/1;
(ii) Certificate of Incorporation;
(iii) Memorandum and Article of Association;
(iv) Feasibility Report (should be certified or registered with Corporate Affairs
Commission (CAC)
(v) Corporate Affairs Commission’s Form CAC 2.3 ^ 2.5 of CAC C02 & C07
(vi) Joint Venture Agreement for partnership venture between Nigerian and
foreigners (original to be presented for sighting);
(vii) Company’s Current Tax Clearance Certificate (Original to be presented
for sighting);
(viii) Lease agreement for C of O for opening premises (original to be presented
for sighting)
NOTE:
For Business permit, the Authorized share capital must not be less than N10 million in respect of each Company.
B. GRANT OF EXPATRIATE QUOTA ONLY
Same documents as in (a) above plus:
(i) Evidence of imported machinery, such as, Form M, Proforma invoice,
Shipping documents and Clean Certificate of Inspection issued by
Government appointed Pre-shipment Inspection Agents.
(ii) License / Permit / Certificate from relevant Government Agencies /
department / ministries for the operation or execution of project if
company is engaged in oil services, health care services, fishing, mining,
constructions (Work Registration Board), etc (original to be presented for
sighting);
(iii) Evidence of work at hand, its duration and value attached to the
contract(s) if the company is engaged in building, civil engineering,
construction, etc (original to be presented for sighting)
(iv) Proposed annual salaries to be paid to the expatriates to be recruited
indicating designation, names, jobs description and qualifications (CV and
copies of credentials of expatriate to be attached).
TO GET THE FULL PART OF THIS TEXT, PLEASE DO VISIT
http://www.nigeriabusinessplace.com/index.php?topic=224.0
Get a full view of all our market research reports by clicking on the link below
http://www.foramfera.com/index.php/market-research-reports
In keeping with our vision of providing
services that adds value to our clients business and resources to develop their
business into a strong and visible global brand, we would like to introduce to
you to our sister websites
www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry
in Nigeria}
www.marketreportportal.com
{Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com
{Online Business Forum}
The details in this article is based on information from various sources
that we believe are reliable; however no representation is made that it is
accurate or complete. While reasonable care has been taken in preparing the
articles, no responsibility or liability is accepted for errors of fact or for
any opinion expressed herein. The articles are for information purposes only.
Foraminifera Market Research accepts no liability whatsoever for any
direct or consequential loss arising from any use of the articles or its
contents.
The articles are for private circulation only and may only be distributed
freely in its entire form. Any other use without the prior express consent of
Foraminifera Market Research is prohibited.