Foreign Participation Flashcards
What section provides for the negative list of work that cannot be done by foreigners
- Production of arms and ammunition’s
- Production of & dealing with drugs and psychotropic substances
- Production of military and paramilitary wears and accoutrements including those of customs, police & immigration
- other stuff according to the federal executive Council
What section provides for the negative list
Section 31 of the National Investment Promotion Commission Act
A Nigerian enterprise which subsequently requires foreign participation after commencement must within …….. Register with NIPC
3 months
Upon receipt of application forms the NIPC must register or advise the enterprise applying within …… days
14 days
The application form for foreign participation is …..
NIPC Form 1
NIPC Form 1 provides for ….
- Business permit and expatriate quota
- Pioneer status, technical assistance agreement
Registration involving NOTAP should be done within ……
60 days of the conclusion of the agreement
A return of allotment should be filed within ……
15 days
CAC report of exempted companies should be in form….
Form 22
What is the status Of an exempted company?
It is an unregistered company
What is a transit visa?
A visa used by applicants passing through Nigeria to get to another country
What is the duration of a short term visa?
3 months
What are short term visa’s for?
Tourism, study tour, academic exchange program, temporary work permits
What is the duration of a temporary residence visa?
2 years
What are the three basic channels for issuing a visa in Nigeria?
Visa on arrival
Electronic visa
Visa at the embassy
