GUIDE TO REGISTERING A FOREIGN COMPANY IN NIGERIA
Nigeria foreign company registration is the focal option by which a foreign entity/company can acquire a separate Nigerian legal personality and rightfully carry on business. A foreign company may also begin to operate as an ancillary business, such as an office representative, agency, subsidiary, or a foreign company branch in Nigeria. A company, however, of […]
COMPREHENSIVE GUIDE TO REPATRIATION OF CAPITAL AND PROFITS IN NIGERIA BY FOREIGN INVESTORS
Repatriation refers to the process of transferring people, assets, or funds back to their country of origin. In financial terms, it involves converting foreign-earned income, investments, or profits into the investor’s home currency. Businesses, individuals, and multinational corporations frequently engage in repatriation when they return capital from foreign subsidiaries, investments, or overseas income to their […]
ARE PRE-NUPTIAL AGREEMENTS VALID UNDER NIGERIAN LAW?
A pre-nuptial agreement, often called a “pre-nup,” is a contract that couples enter into before marriage. It outlines how their finances will be managed during the marriage and, importantly, how assets will be divided if a divorce occurs. In Nigeria, pre-nuptial agreements are generally recognized as valid. However, there is no specific law that outlines […]
HOW TO EVICT A TENANT IN NIGERIA
A Comprehensive Guide to Lawful Tenant Eviction in Nigeria, evicting a tenant in Nigeria requires strict adherence to Tenancy Laws of each state of the Federation. Generally, these laws apply to all the states in Nigeria 2011. Grounds for Eviction of Tenants in Nigeria Many people mistakenly believe that eviction is only possible when a […]
HOW TO REGISTER FOR VAT IN NIGERIA
What is VAT? Value Added Tax, popularly referred to as VAT, is a consumption tax levied on the supply of goods and services in Nigeria. The charge is levied at the rate of 7.5% of the value of the taxable goods and services supplied. Businesses involved in supplying goods and services must charge VAT to […]
OVERVIEW OF DIVORCE PETITION IN NIGERIA
A divorce petition is a formal legal document that one spouse submits to a court, seeking the dissolution of their marriage. This petition is considered the formal beginning of the divorce process. In Nigeria, divorce proceedings for statutory marriages are primarily governed by the Matrimonial Causes Act, Laws of the Federation of Nigeria, 2004. Key […]
HOW TO SET UP A BRANCH OFFICE IN NIGERIA
The Companies and Allied Matters Act 2020 (CAMA) is the operative law regulating corporate and business-related activities in Nigeria. Under this law, any company desirous of carrying on business in Nigeria must be registered with the Corporate Affairs Commission, the statutory body saddled with the responsibility for business registration and post-incorporation compliance in Nigeria. How […]
GUIDE TO REGISTERING AN NGO IN NIGERIA
A Non-Governmental Organization (NGO) is a private organization that operates independently of government control and may be established to offer services or support in one or more areas, including education, science, religion, arts, or humanitarian cause. Under the law, a charitable foundation is an NGO in Nigeria. An NGO is an organization registered with the […]
SETTING UP A CRYPTOCURRENCY COMPANY IN NIGERIA
The adoption of cryptocurrency has increased over the years in Nigeria, and it serves various purposes such as hedging against inflation, performing international money transfers, and also investing for wealth creation. Most people send funds to family members in Nigeria, who convert the asset into a local currency for daily usage. But despite such widespread […]
SETTING UP A REAL ESTATE COMPANY IN NIGERIA: OPPORTUNITIES,REGULATIONS, AND KEY REQUIREMENTS
The real estate sector in Nigeria presents a wide range of opportunities, with each one subject to specific regulations. Businesses in this industry range from construction and property development companies, through property management, short-let services, estate surveying and valuation, to real estate agency operations. Of importance is that Nigeria does not restrict foreigners from setting […]