Section 34 Nigeria Startup Act 2022
Section 34 Nigeria Startup Act Section 34 Nigeria Startup Act 2022 is about Obtaining licences for a financial technology startup. It is under Part VIII (Collaboration with Regulators) of the Act. (1) The Secretariat in conjunction with the CBN and SEC shall —(a) designate a separate section on the Startup Portal to ease the licensing […]
Section 33 Nigeria Startup Act 2022
Section 33 Nigeria Startup Act Section 33 Nigeria Startup Act 2022 is about Transfer of foreign technology. It is under Part VIII (Collaboration with Regulators) of the Act. (1) The Secretariat, in conjunction with the National Office for Technology Acquisition and Promotion (NOTAP) shall —(a) designate a separate section on the Startup Portal to ease […]
Section 32 Nigeria Startup Act 2022
Section 32 Nigeria Startup Act Section 32 Nigeria Startup Act 2022 is about Crowdfunding. It is under Part VIII (Collaboration with Regulators) of the Act. (1) Startups may raise funds through crowdfunding intermediaries and commodities investment platforms (“platforms”) duly licensed by the Securities and Exchange Commission (SEC) that would have their platforms available for use […]
Section 31 Nigeria Startup Act 2022
Section 31 Nigeria Startup Act Section 31 Nigeria Startup Act 2022 is about Protection of intellectual property rights. It is under Part VIII (Collaboration with Regulators) of the Act. (1) The Council acknowledges the importance of intellectual property rights towards the growth and development of a startup. (2) As part of its objectives, the Secretariat […]
Section 30 Nigeria Startup Act 2022
Section 30 Nigeria Startup Act Section 30 Nigeria Startup Act 2022 is about Collaboration with the Corporate Affairs Commission. It is under Part VIII (Collaboration with Regulators) of the Act. (1) The Secretariat shall collaborate with the Corporate Affairs Commission (the Commission) to designate a separate section on the Startup Portal to ease the processes […]
Section 29 Nigeria Startup Act 2022
Section 29 Nigeria Startup Act Section 29 Nigeria Startup Act 2022 is about Incentives and reliefs for investors investing in a labelled startup. It is under Part VII (Tax and Fiscal Incentives) of the Act. (1) The Federal Government, through the Federal Ministry responsible for Finance and other MDAs, shall develop and implement a national […]
Section 28 Nigeria Startup Act 2022
Section 28 Nigeria Startup Act Section 28 Nigeria Startup Act 2022 is about Credit Guarantee Scheme. It is under Part VII (Tax and Fiscal Incentives) of the Act. 1) The Secretariat shall establish a Credit Guarantee Scheme (in this Act referred to as “the Scheme”) for the development and growth of a labelled startup under […]
Section 27 Nigeria Startup Act 2022
Section 27 Nigeria Startup Act Section 27 Nigeria Startup Act 2022 is about Access to government grants, loans and facilities. It is under Part VII (Tax and Fiscal Incentives) of the Act. The Secretariat shall ensure that a labelled startup has access to grants and loan facilities administered by the CBN, the Bank of Industry […]
Section 26 Nigeria Startup Act 2022
Section 26 Nigeria Startup Act Section 26 Nigeria Startup Act 2022 is about Access to export facilities. It is under Part VII (Tax and Fiscal Incentives) of the Act. The Secretariat shall ensure that a labelled startup involved in the exportation of products and services, which are deemed eligible under the Export (Incentives and Miscellaneous […]
Section 25 Nigeria Startup Act 2022
Section 25 Nigeria Startup Act Section 25 Nigeria Startup Act 2022 is about Additional tax reliefs. It is under Part VII (Tax and Fiscal Incentives) of the Act. (1) Notwithstanding the provisions of any other law, the Federal Government may, through the Federal Ministry responsible for Finance or any other relevant MDA, simplify the requirements […]