Setting up a Holding Company Starting a courier business can be a lucrative opportunity, but there are practical considerations and logistics you may overlook that need to be taken into account. Person “A” sends local Nairas to Person “D” The first step towards setting up a company in Nigeria is to check for the availability of the proposed name of the new company for registration with the Corporate Affairs Commission and reserve it. How To Start A Courier Business In Nigeria […] In this article, we list important points to consider when setting up a VC fund in Nigeria. With a little time and effort, you can start a great courier business. Here are the six most important: 1. Company Formation Nigeria is one of the most trusted comprehensive company formation agencies in Nigeria. BusinessesForSale.com lists a number of courier and despatch business opportunities for sale across the UK. Below are the requirements for setting up a Private Security Company in Nigeria: Incorporation of a private limited liability company whose object is the provision of private security services with a minimum of 10,000,000 share capital. Starting a courier business can be a lucrative opportunity, but there are practical considerations and logistics you may overlook that need to be taken into account. 1. Motorcycle messengers (where you need a motorcycle license). First, you have to conceptualize the name of the company. Benefits of Setting up a Subsidiary. Registration of company or Incorporate of company in Nigeria is solely done by Corporate Affairs Commission (CAC). Generally, using the words Holding or Consortium or Group for any proposed new company is prohibited by the Act save with the consent of the Registrar General of the Corporate Affairs Commission (CAC). We will get 50% of the startup capital from the owner, Philips Jacobs Melvin. To set up a business to provide goods or services to the Nigerian oil and gas industry follows the following steps. Nigeria’s companies law requires all foreign businesses desiring to do business in Nigeria to establish a company. All, I am a courier consultant as well as being an Operations Manager for a leading parcel distribution company. PAYE courier employed by a company. EMS Nigeria is a logistics company that has existed as the courier and business arm of the Nigerian Postal Service (NIPOST) offering airpost express service, speed … Including the name the Nigeria Limited. We have our top ten tips that will apply to most people setting up a courier business but please look at your own circumstances and what is right for you. OIL and GAS Key Registrations, Permits and Licenses Registration of Business/ Company or Incorporate. One-Fi loan repayment cycle is typically between 3 – 6 months, with loan amounts up to N200,000 or more. A courier business is a great way to make good money, while enjoying the benefits of being your own boss. The company has served 900 businesses, aggregated a fleet of 8,000 drivers and moved 155 million kilograms, per company stats. The law regulating the formation of a company in Nigeria is the Companies and Allied Matters Act (CAMA or the Act). The benefits mentioned above offered by the various free zones make setting up a business in EPZ in Nigeria a very lucrative option for both domestic and foreign entrepreneurs. The following are some of the steps one has to take before you decide to start a clinic in Nigeria. So please get a legal adviser. Cycle couriers (in cities and large towns is environmentally friendly, but the scope of work is limited to perhaps a few miles within the zone itself). How to set up a security company in Nigeria Unfortunately, crime is on the rise in Nigeria, and because of this, security is now a higher priority than ever before; and demand for private security services – from CCTV monitoring to close proximity body guarding – is on the rise.. The courier service is one that is always in demand regardless of the location it is in, as people always want something delivered for them. See if Person “C” wants to send money to Person “D” in Nigeria. Company Structure In Nigeria, VCs may be registered [ii] as a Limited Liability Partnership or a Limited Liability Company under the Companies and Allied Matters Act 2020. This article examines the requirements for the registration and grant of licence to a private security company in Nigeria, how to run the company smoothly, the regulations by the Nigerian Security and Civil Defence Corps(NSCDC) and the National Association of Security Companies(NASCO), and an overview of top security agencies in Nigeria. Setting up your Business in Nigeria Issues to consider O.25% of paid-up capital; or 0.25% of the turnover below Naira 500,000 In Nigeria taxation is actively used as a fiscal policy to attract foreign investment and encourage investors to some specific (preferred) sectors of … List of Courier companies and services in Nigeria. It is advisable that you register your limited liability company through a lawyer. The Nigeria’s competitive tax legislation means that it is a very attractive place to set up a holding company. Setting up your Business in Nigeria Issues to consider What if we use Nigeria to set up our holding company? Having conducted a thorough feasibility study, we have realized we will need a total of $400,000 to start up our courier and delivery services company in New York City, United States. When setting up a delivery or courier business you need to work out revenue streams and expenses as well as looking at how you can win new business. It usually takes about six weeks for a company to incorporate if they follow all of the country’s subsidiary laws every step of the way. Formerly known as One Credit, OneFi is a credit facility company that offers short-term consumer loans to credit-worthy individuals with limited access to finance. If a Nigeria company holds shares in another company, and … To make setting up a company a hassle-free process, you should take avail the business advisory services of an expert advisor. If you don’t want to do the legwork of setting up a courier company you could just buy an existing one. How To Start A Courier Delivery, Transportation And Shipping Business In Nigeria The movement of people and cargo from one place to a target location is a sensitive and lucrative venture. I can give you advice, contacts and more importantly what the start up costs are, what we as a courier company look for when setting on couriers and tell you how to stand out from the rest. 9. With a little time and effort, you can start a great courier business. Search for Courier with Addresses, Phone numbers, Reviews, Ratings and Photos on Nigeria Business Directory ... a subsidiary of IBIC Holdings Ltd, is a full-service company which specializes in high speed, express pick-up, delivery and other logistics services within the Lagos Metropolis. In this post we shall be focusing on how to start a dispatch rider business in Nigeria. Also Read: Five ways to get funds for a startup business in Nigeria. This will save you the legal headaches and help you avoid costly mistakes. Setting up a Courier Business. Do the Required Registration; As earlier stated, the set up and running of clinics in Nigeria is very strictly regulated by the government. 1. A courier business is a company that moves packages from one location to another for a fee. It is different from setting up a courier company. The process of setting up this kind of company is referred to as registering or incorporating a company – which is usually costly and involves more documentation and time than other types of business structures like sole proprietorship or partnership. C24 25% will be sourced from both the owner’s bank and his friends and relatives. One of the best things about starting a courier service is the freedom of being your own boss and setting your own hours. 2. The number of Internet users in Nigeria are currently more than 100 million and more than 40% or so have done one or … You need to set up your company in Nigeria? This gives you an established customer base and brand image to build on. So, the way around is to look for a reverse transaction. Starting Off The biggest is that you can start working in the country legally. I therefore encourage all stakeholders both in public and private health sectors at all levels in Nigeria to use this guideline in setting up Medical How to Register a Limited Liability Company in Nigeria. When properly researched and efficiently managed, these kinds of businesses are capable of yielding generous returns. Legal decisions In setting up your courier business, there are some legal things you need […] If a person “A” from Nigeria wants to send US$ 5,000 to someone (Person “B”) in Chicago, USA, they cannot, as Nigeria has placed limits on the capital outflow. Here is a little guide to take you through. Something that is worth remembering and can drive market awareness. Top clients include Honeywell, Olam , Unilever, Dangote and DHL. Although learning how to set up a Nigeria subsidiary is a tedious process, it does come with some benefits. processes of Medical Laboratory Services in Nigeria to ensure accuracy, reliability and sustainability in the quality of service delivery. The setting up and running of a clinic in Nigeria is very strictly regulated by the government agencies. There are several things you do need to know before you get started. A courier business is a company that moves packages from one location to another for a fee. Obtaining a private security license from the Nigerian Security and Civil Defence Corps. The job of a courier business is to ensure that they pick up and deliver packages, documents, and whatever legal else customers want transported, which could be individuals and businesses. Foreign corporations are unable to create a wholly foreign owned presence in the country by setting up a Nigeria branch office or Nigeria representative office. 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