What are the CAC requirements for the registration a logistics business?
Generally, the requirements for registering a logistics business are that it must be registered as a company having atleast a million share capital structures. However, there are stringent requirements with regards companies engaged in certain aspects of the logistics industry. These include:
- Freight Forwarding:
The Corporate Affairs Commission has put the minimum threshold for the registration of Logistic Companies who engage in Freight forwarding as N5, 000,000 (FIVE MILLION NAIRA). To this extent, a company that wishes to carry on Freight forwarding as part of its business objects must have a minimum share capital of N5, 000,000.
- Shipping company/Agent:
The Corporate Affairs Commission has put the minimum threshold for the registration of Logistic Companies who engage in shipping or who serve as agents to have as a pre-requisite a minimum share capital of N25, 000,000 (TWENTY FIVE MILLION NAIRA). To this extent a company who wishes to carry on shipping activities as part of its businesses must have a minimum share capital of N25, 000,000.
618 Bees can help you quickly and easily help you register a logistics business. 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 registration with the Corporate Affairs Commission.
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