NOTAP Registration Process in Nigeria
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:
- A copy of the duly completed application form.
- Certificate of Incorporation with the Corporate Affairs Commission.
- Memorandum and Article of Association of the company.
- A duly completed TAA Pre-Qualification Form.
- Tax Payer Identification Number (TIN).
- A draft copy of the Technology Transfer Agreement to be registered.
- A copy of the duly completed NOTAP questionnaires for different sectors.
- A duly completed copy of the Monitoring Form.
- A copy of the feasibility study report of the company.
- Annual audited accounts for the preceding three years.
- Evidence of tax payment for the preceding three years.
- Profile of the technical partner.
- Performance bond for advanced payment.
- A comprehensive training programme which must include the number of personnel, skill or knowledge to be acquired.
- 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 email@example.com, or give us a call on +2349017190079. 618 Bees will complete your application with NOTAP.
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