Apply For Business Contract Compliance Documents As BPP, NSITF, Pencom - Image 1
Apply For Business Contract Compliance Documents As BPP, NSITF, Pencom - Image 2
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AD ID: 67732

Apply For Business Contract Compliance Documents As BPP, NSITF, Pencom

Lagos Mainland, Lagos

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Here are major compliance papers you should have before applying for a contract. 1. Tax Clearance Certificate2. NSITF Certificate3. Pencom Compliance Certificate4. ITF Certificate5. BPP CertificateNote1. All the documents must be valid till December 31st of the year you are looking for the contract. 2. The fee depends on when the date of registration, size & annual turnover of the company. 3. BPP application requires Tax clearance certificate, NSITF, Pencom and ITF but it is waived for a business name or small company with less than 5 staff or turnover of 50 million per year. Pencom is also waived for a business that has less than 15 staff. 4. Tax clearance certificate may require audited financial statements or statement of affairs depending on when the company was registered or the volume of transactions. BPP Contractor CertificateRequirements1. Nature/Details of the company2. CAC certificate3. Tax Clearance & NSITF (compulsory)4. Pencom & ITF (Waived for business name & companies with less than 5 staff)5. Details of at least 3 staff6. Details of equipment & ongoing projects (optional). Here are guide for ITF certificateRequirements1. CAC certificate2. ID card of the MDCostsYearly Remittance 1 of total staff salariesNote1. Remittance is paid starting from the incorporation date. 2. Companies with less than 5 staff and business name may be exempted from ITF for contract purpose but having ITF certificate is an added advantage for contracts. 3. If you are exempted but prefer to do ITF CERTIFICATE, you pay a flat rate of 100K per year for remittance. Here is A Guide for processing of Pencom certificateRequirements for new registration1. FIRS TIN2. CAC certificate3. Particulars of at least 3 staff4. Pension PIN/RSA Details of staff if availableCost EstimateThis is based on 3 staff. If you enlist more staff, you will pay more. RemittanceGroup life InsuranceService feeThe total cost depends on the date of incorporation. Renewal of PenCom certificateCalculated per year from the year you did the last one. This will be less if you have a valid group life assurance and up to date pension contribution to your staff pension fund. Here are the requirements for NSITF registration and renewalNew Registration1. CAC certificate2. Details of at least 3 staff3. Valid ID of staffTotal costs depends on the company date of registration as we need to know how months of remittance are due. Renewal of certificate1. CAC certificate2. Previous NSITF certificate
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