What are the CAC requirements for the registration a logistics business?

What are the CAC requirements for the registration a logistics business?

December 18, 2019

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:

  1. 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.

  1. 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 hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your registration with the Corporate Affairs Commission.

 

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.

More Articles

Search

Connect With Us

Got any questions?

If you are having any questions, please feel free to ask.

Send us an email

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. 
  • Must my Company Secretary be a Lawyer?

    Although it’s ideal to have a lawyer as a company secretary, it is not compulsory for small private businesses.
  • What is a testimonium clause in an agreement?

    This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
  • What are the penalties for not registering my products with the SON?
      1. Seizure of goods by the Inspectorate and Compliance Directorate
      2. Payment of a fine.
      3. Prosecution

     
  • Is it legal to transfer the personal data you obtained legally to another person?

    No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
  • How long does a trademark registration in Nigeria Last?

    Trademark is valid for seven years from the date of application but you may renew the application for the trademark for an additional period of 14years.
  • What will happen if I buy the wrong category of forms with NAFDAC?

    Nothing, the purchased form will be in your account for future use.

     
  • Why do i need a Shareholders Agreement?

    You need a Shareholders Agreement to protect your investment in a company.  The shareholders Agreement establishes a fair relationship between all shareholders and sets out how the company is run.
  • Does a trademark search automatically reserve my trademark name?

    No, a trademark search does not automatically reserve that which is sought to be trademarked. A search ascertains whether that which is sought to be trademarked is available or violates any existing trademark.
All FAQs
Call Us Now on +234 901 719 0079 Chat on WhatsApp