Continued from last Monday
- Register for personal income tax PAYE at the State Tax Office
The employers in the newly incorporated company are required to register with the relevant state tax authority for the purposes of deducting income tax from employees. Once an application is filed with a copy of the certificate of incorporation attached, a reference file is then opened for the company. There is no cost related to this registration.
Time to complete: 2 days
Associate Cost: No cost
- Receive an inspection from the State Ministry of Industry, Trade and Investment for business premises registration
After the submission of all application documents, an inspection of the business premises is carried out by an officer from the State Ministry of Industry, Trade and Investment. The Ministry may conduct an inspection of the premises to confirm the location of the business and determine the type of business activity.
Time to complete: 1 day
Associate Cost: No cost
- Pay registration fees for business premises into a government account at a designated bank
The payment of the business premises registration fees is made directly into the government bank account at a designated bank. NGN 16,000 is the cost of business premises registration for a medium scale enterprise in an urban area.
Time to complete: 1 day
Associate Cost: NGN16,000
11 Obtain a business premises permit from the State Ministry of Industry, Trade and Investment
The newly incorporated company is required to register its business premises with the State Ministry of Industry, Trade and Investment.
Time to complete: 1 day
Associate Cost: No cost
* Takes place simultaneously with previous procedure.
