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Documents of Adherence Below are the necessary documents for Nigerian businesses Information Required Information required from businesses New Businesses Enterprise for Nigerian based start ups Registered Businesses Enterprise for Nigerian based registered businesses

Required Document for enterprise compliance

Documents necessary to complete the adherence process for my Nigerian business?

Based on CBN directives, we'll need to update the KYC documentation on every enterprise on Pinspay.

This is done to update the information on individuals in different businesses and to have our enterprise approve their incorporation documents and physical addresses.

We acknowledge that this might be inconvenient and we apologize, but we assure you that this is implemented to make certain that your business and ours remain in accordance with all government policies and regulation.

What information do we require from your enterprise ?

We require different types of adherence particulars, based on the type of enterprise and these requirements are broken down into the categories below:

New Businesses / start-ups.
Registered Businesses.

Nigeria based Start-ups

As a Nigeria based Start-up, we simply need you to provide us with contact information, business owner information, a valid means of identification (Nigerian Bank Verification Number) and a document to stand as a proof of address.

Registered Businesses

For Nigeria based Registered business(es), we require different types of information based on Registration type. We have outlined an overview of different types of registration and what information is required below:

Registration Type	Who falls under this Registration type?	Documents Required
Incorporated Trustees	These are businesses that are registered under the CAC as incorporated trustees. These businesses have a CAC/IT number. Examples of businesses under this registration type include NGOs, religious organizations, professional associations etc.	-Form CAC IT/1: This is the incorporated Trustees Application Form. - CAC/IT Number: This is the Registration number for Incorporated Trustees. -You will also be required to provide information on at least two directors of your business.
Incorporated Company	These are businesses incorporated under the CAC with an RC number, They include Private and Public companies as well as companies Limited by guarantee.	There are 6 ownership structures with this Registration type: Privately Held (December 2020 to date) -RC Number: This is the registration number for incorporated companies. -Articles and memorandum of Association. -Certificate of Incorporation: Certification that the company is properly incorporated. - Tax Identification Number: This is the unique identification number given to tax-payers by the FIRS. - CAC Status Report: application status for registration of a company with CAC. -You will also be required to provide information on at least two directors in your business. -lastly, you will need to identify people who together, own at least 50% in the business. Public (December 2020 to date) -RC Number: This is the registration number of an incorporated company. -Articles and Memorandum of Association. -Certificate of Incorporation: Certification that the company is properly incorporated. -Tax Identification Number: This is the unique identification number given to tax-payers by the FIRS. -CAC Status Report: application status for registration of a company with CAC. -You will also be required to provide information on at least two directors in your business. Privately Held (2017-2020) -Form CAC 1.1: This is the application for registration with the CAC. -Articles and Memorandum of Association. -RC Number: This is the registration number for a company that is incorporated. -Certificate of Incorporation: Certification that the company is properly incorporated. -Tax Identification Number: This is the unique identification number given to tax-payers by the FIRS. -You will also be required to provide information on at least two directors in your business. -lastly, you will need to identify people who together, own at least 50% in the business. Public (2017-2020) -Form CAC 1.1: This is the application for registration with the CAC. -Articles and Memorandum of Association. -RC Number: This is the registration number for a company that is incorporated. -Certificate of Incorporation: Certification that the company is properly incorporated. -Tax Identification Number: This is the unique identification number given to tax-payers by the FIRS. -You will also be required to provide information on at least two directors in your business. Privately Held (Pre-2017) -Form CAC 3: Notification of Registered address or any changes of any -Form CAC 2: Statement of Share Capital and Allotment Return. -Form CAC 7: Particulars of the Directors. --Articles and Memorandum of Association. -RC Number: This is the registration number for a company that is incorporated. -Certificate of Incorporation: Certification that the company is properly incorporated. -Tax Identification Number: This is the unique identification number given to tax-payers by the FIRS. -You will also need to provide information on at least two directors of your business. -lastly, you will need to identify people who together, own at least 50% in the business. Public (Pre-2017) -Articles and Memorandum of Association. -RC Number: This is the registration number for a company that is incorporated. -Certificate of Incorporation: Certification that the company is properly incorporated. -Tax Identification Number: This is the unique identification number given to tax-payers by the FIRS. -You will also need to provide information on at least two directors of your business.
Business Name Registration	These businesses are registered with the CAC as Business Names. They have a Business Name(BN) number and are mainly sole proprietorship businesses.	- Business Name Certificate: This is the Certification showing the Business Name has been registered with the CAC. -BN Number: This is the Registration number for Business Name. -Form CAC BN 1: This is the application for registration of Business Name Certificate. -You also need to provide the details of at least one owner in the business.
Free Trade Zone	These are businesses that are excluded from the normal regime applicable in Nigeria, particularly with regards to Customs duty and tax.	-Operating License: This is the license of operation for a Free Zone issued by NEPZA. -CTC Notice of Situation: This registration document shows the registered address of the business. -Director’s Particulars or Any Claim Therein: This is the document with details of all the directors in the business. -Registration Certificate: This is the NEPZA certification for registration. -Statement of Share Capital and Return of Allotment: This is a document that details the company's issued share capital. -NEPZA Number: This is the registration number of the company. -Articles and Memorandum of Association -You also need to provide details on at least two directors in the business and two beneficial owners.
Government Entity	This is a government agency responsible for the administration and oversight of specific responsibilities	-Letter of Authorization: A letter from your organization permitting Pinspay to collect payments on your behalf. -Official Gazette: Notice of formation on the government agency in the national or state Official Gazette.
Private Entity created by Government Approval	These are private businesses whose formation were approved by the government agency.	-Government Approval Document: This is an approval document from the government agency. -Document showing owners in the business.
Cooperative Society	Cooperative Societies are financial institutions owned and operated by members. They offer services such as savings, loans, investments and sometimes insurance.	-Cooperative Certificate: This is the Certificate of Cooperative Society, issued by the state government. - Certified Application Form: This is an application form for the Registration of Cooperative Societies. -You also need to provide details on at least two directors in the business.

Still need more clearification ?Please Contact us support@pinspay.com