Post Utme Uniport 2024 Commerce Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Uniport Commerce examination.

Post Utme Uniport 2024 Commerce Objective / Multiple Choice

Question 13 POST_UTME_UNIPORT • 2024 • COMMERCE • objective

A foreign company wishes to establish a branch office in Nigeria. What are the necessary steps the company must take to comply with Nigerian laws and regulations?

Answer Options

A. Register the branch office with the Corporate Affairs Commission (CAC) and obtain a business permit from the relevant state government.

Correct Answer B. Obtain a license from the Nigerian Investment Promotion Commission (NIPC) and register the branch office with the CAC.

C. Register the branch office with the CAC and obtain a tax clearance certificate from the Federal Inland Revenue Service (FIRS).

D. Obtain a business permit from the relevant state government and register the branch office with the CAC.

Correct Answer

Correct Option:

Obtain a license from the Nigerian Investment Promotion Commission (NIPC) and register the branch office with the CAC.

About This Question

This is Post Utme Uniport 2024 Commerce Question 13. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.

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