Doing Business in Nigeria: Foreigners
Doing Business in Nigeria: Foreigners All business enterprises must be registered with the Registrar-General of the Corporate Affairs Commission (Registrar of Companies). A foreign investor wishing to set up business operation in Nigeria should take all steps necessary to obtain local incorporation of the Nigerian branch or subsidiary. FOREIGN COMPANY REGISTRATION IN NIGERIA Operations of Foreign Companies in Nigeria A Foreigner may invest and participate in the operation of any enterprise in Nigeria with exception […]
SETTING UP GAMBLING/LOTTERY BUSINESS IN NIGERIA
“Note: Portions of this article has been overtaken by recent developments following the Supreme Court’s judgment in Attorney General of Lagos State v. Attorney General of the Federation & Ors (SC/01/2008), delivered on 22 November 2024, which declared the National Lottery Act of 2005 invalid.” SETTING UP GAMES OF CHANCE BUSINESS IN NIGERIA By: Anuoluwapo Oyerinde Any company or entity wishing to do business in Nigeria must be incorporated under CAMA[1]. The requirements are as set out […]
About Lawyers in Nigeria
About Lawyers in Nigeria The legal system in Nigeria was fashioned after the English legal system. The particular difference between the two is that, in the United Kingdom, you either practice as a barrister or as a solicitor. In Nigeria, the practice of a barrister and Solicitors is fused. In this regard, a lawyer in Lagos, Abuja or any other state in Nigeria, usually takes on the title of “Barrister, Solicitor and Advocate of the […]
Foreign Investor Benefits
Foreign Investor Benefits i. The shareholding of the company can be 100% foreign owned. ii. A non-Nigerian may invest and participate in the operation of any enterprise in Nigeria (See exemptions); iii. An enterprise, in which foreign participation is permitted, shall after its incorporation or registration, be registered with the NIPC; iv. The Nigerian registered company can apply for pioneer status where applicable and enjoy tax exemptions and other benefits. v. A foreign enterprise may buy the shares of […]
About Doing Business in Nigeria
FOREIGN COMPANY REGISTRATION IN NIGERIA Operations of Foreign Companies in Nigeria A foreigner may invest and participate in the operation of any enterprise in Nigeria, except in sectors explicitly excluded by law. However, to conduct business operations in Nigeria, a foreign company must incorporate or register the company as a Nigerian branch or subsidiary, which will act as a separate legal entity in Nigeria. Until the company is incorporated, it is prohibited from carrying on […]