NOTAP Registration Process in Nigeria

NOTAP Registration Process in Nigeria

July 15, 2022

 

NOTAP which means the National Office for Technology Acquisition and Promotion was established by the NOTAP Act, CAP N62 Laws of the Federation of Nigeria (LFN) 2004 was given the mandate to encourage a more efficient process for the identification and selection of foreign technology, develop the negotiating skills of Nigerians with a view to ensuring the acquisition of the best contractual terms and conditions in the transfer of foreign technology agreements, provision of a more efficient process for the adaptation of imported technology, registration of all foreign technology transfer agreements having effect in Nigeria amongst others.

Section 5 of the NOTAP Act provides that “every contract or agreement which on the date of the coming into force of this Act had been entered into by any person in Nigeria and which still has an effect on the commencement of this Act in relation to any matter shall be registered with the National Office in the prescribed manner not later than six months after the commencement of this Act”.

Such application would be made to the director and shall be accompanied by a number of certified true copies of the contract and agreement and other related documents to be annexed

Applications are made through the NOTAP online portal to commence registration, after the payment of the application fee, which shall be accompanied with the following information and documents:

  1. A copy of the duly completed application form.
  2. Certificate of Incorporation with the Corporate Affairs Commission.
  3. Memorandum and Article of Association of the company.
  4. A duly completed TAA Pre-Qualification Form.
  5. Tax Payer Identification Number (TIN).
  6. A draft copy of the Technology Transfer Agreement to be registered.
  7. A copy of the duly completed NOTAP questionnaires for different sectors.
  8. A duly completed copy of the Monitoring Form.
  9. A copy of the feasibility study report of the company.
  10. Annual audited accounts for the preceding three years.
  11. Evidence of tax payment for the preceding three years.
  12. Profile of the technical partner.
  13. Performance bond for advanced payment.
  14. A comprehensive training programme which must include the number of personnel, skill or knowledge to be acquired.
  15. Approval or licenses obtained from the relevant authorities and bodies such as the Nigerian Communication Commission (NCC) for agreements on communication etc, where applicable.

Upon submission, NOTAP will review the agreement in terms of its legal, economic, and technical benefits to the Nigerian economy before registration and subsequent approval of the registration through an official letter to the applicant.

 

Team 618 Bees

 

  • 618 Bees can quickly and easily help you register your Contract or Agreement with NOTAP in Nigeria. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with NOTAP.

     

    The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached

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Frequently Asked

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.
  • What’s the difference between a business name and an LLC?

    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 
  • What are the terms of a contract?
    • an offer and an acceptance.
    • competent parties
    • Consideration
    • Legal subject matter
    • Mutual agreement/ Assent
    • Conesus ad idem
    • Obligation
  • If I have NAFDAC Registration number, do I still need SON registration number?

    SON Product Registration scheme is mandatory for all SON’s regulated products as mandated by SON Act 56 of 1971, 20 of 1984, 18 of 1990 as amended.

    This is irrespective of the registration done by NAFDAC
  • Can I use the data collected legally for one purpose for another purpose?

    No, you can’t use the data collected for one purpose for a different purpose.
  • What is the difference between licensing and assigning a patent?

    Licensing a patent means granting permission to another individual or organisation to make, use as well as sell the creation that has been protected by patent.

    A patent assignment on the other hand, is a finished exchange of patent rights starting with one individual then onto another person.
  • What are the product categories available when registering with NAFDAC?

    The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water
  • Can a minor be a company director?

    No, a minor cannot be a director. A minor under Nigerian Law is anyone who is below 18 years of age.
  • Can I trademark my logo and name separately? Why is this a good idea?

    Yes you can. The advantage is that it gives you the opportunity to have more than one logo or the opportunity to change your logo easily as opposed to registering the name and the logo as one trademark.
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