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

  • Why must I file Annual Returns?

    It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly. 

  • Do I need a Company Secretary?

    A limited liability company (LLC) must not have a company secretary.

  • Why is mutual assent important in a contract?

    This is one of the key elements of a contract because is shows the meeting of the minds of both parties

  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time

  • What is classified as personal data?

    Name, photograph, personal health/bio information, account/financial information, phone number, Address, date of birth, place of birth, Email address, etc.

  • Must I register my work with the Nigerian Copyright Commission?

    No, you must not register your work under the Nigerian law but you have the option to do so. This is because as soon as the original work becomes fixed and tangible it automatically becomes copyrightable.

  • Can I process/register multiple products at NAFDAC at the same time?

    Yes, you can process/register multiple products at the same time

  • 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. 

  • Does Trademark registration protect my website domain name?

    Yes, it does.

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