In light of the recent implementation of the Corporate Affairs Commission (CAC) E-Status Report by the commission, replacing the traditional CAC forms issued upon the registration or incorporation of all entities, the prerequisites for ship registration have undergone a significant reduction of nearly 40%.
Henceforth, applicants will only need to submit five documents instead of the previous requirement of eight documents.
| S/N | SERVICE | FEE / CHARGE | REQUIREMENT / | PROCESS | TIME LINE |
| OLD SLA | |||||
| 1 |
Registration of Shipping Companies / Agents
Application fee Annual renewal fee |
N 110,000 N 15,000 |
i. CTC of CAC7 ii. CTC of CAC2 iii. Completed NIMASA form B1 iv. Original Bank reference letter v. Payment receipt of N 110k vi. Certificate of incorporation vii. Memo and Articles of Association with share capital of not less than 25million viii. Financial statement/ audited account |
i. Write and application letter with required documents attached ii. Submit in Legal Services Unit iii. Pay application fees iv. Collect registration certificate
|
5 Days |
| NEW SLA | |||||
| 1 |
Registration of Shipping Companies / Agents
Application fee Annual renewal fee |
N 110,000 N 15,000 |
i. CAC e-Status Report ii. Completed NIMASA form B1 iii. Original Bank reference letter iv. Payment receipt of N 110k v. Financial statement/ audited account |
i. Write and application letter with required documents attached ii. Submit in Legal Services Unit iii. Pay application fees iv. Collect registration certificate
|
5 Days |
