The Corporate Affairs Commission (CAC) has released a “notice” to “customers and the general public” which says, “disregard our earlier issued notice titled “Minimum Paid-Up Capital for Companies with Foreign Participation””.
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| Corporate Affairs Commission (CAC) |
According to the CAC:
Our dear esteemed customers and the general public are hereby advised to disregard our earlier issued notice titled “Minimum Paid-Up Capital for Companies with Foreign Participation”
Our initial notice with reference to paid-up capital rather than issued capital was based
on the Federal Ministry of Interior Handbook on Expatriate Quota Administration 2022 Revised Edition, as indicated on page 5.
We shall issue an amended notice with regards to the above in due course.
Signed: Management
Our dear esteemed customers and the general public are hereby advised to disregard our earlier issued notice titled “Minimum Paid-Up Capital for Companies with Foreign Participation”
— Corporate Affairs Commission (@cacnigeria1) December 8, 2023
