HOW TO SET UP A TRUST FUND IN NIGERIA
Trust funds are gaining popularity as more individuals seek effective strategies for managing and safeguarding their wealth. These financial structures provide long-term security for both the settlor and their beneficiaries. While the concept may seem complex, establishing a trust fund is a straightforward process when broken into clear steps. This guide explores how to create […]
COMPREHENSIVE GUIDE TO REGISTERING AN NGO OR ASSOCIATION IN NIGERIA
Registration of a Non-Governmental Organization (NGO) or Association under Incorporated Trustees is important to be able to enjoy the legal support and go about its operations with ease. This is a complete overview guide of requirements, step-by-step process, and fees for the registration under Incorporated Trustees through the completely digital means provided by the Corporate […]
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 […]
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 […]
HOW TO SET UP A REPRESENTATIVE 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. Under […]
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 […]
HOW TO LEGALLY DIVIDE INHERITED PROPERTY IN NIGERIA
Inheritance disputes are not new to Nigerians; they largely occur whenever there is inadequate legal knowledge concerning the distribution of inheritance. It may be a piece of land, house, or other kinds of valued property,the process of sharing it can be hectic, particularly when numerous heirs are involved. This article provides a critical analysis of […]
SOLE CUSTODY OF A CHILD IN NIGERIA
The notion of sole custody is indispensable for parents who want to make decisions concerning their child’s welfare without involving another parent. In the case of sole custody, one is granted the exclusive legal and physical rights over the child by the court. This article examines the applicable law and processes involved in the grant […]
TERMINATION OF CONTRACTS UNDER NIGERIAN LAW
In the case of most commercial relationships, parties negotiate and agree to terms and conditions, normally captured in a contract. A contract is the oral or written agreement that stipulates rights and obligations of parties enforceable by law. The termination of a contract has been defined as the expiration of the commercial relationship before the […]
HOW TO WRITE A PETITION TO THE EFCC IN NIGERIA
The Economic and Financial Crimes Commission is the body in Nigeria responsible for investigating and prosecuting financial crimes, fraud, and corruption. It was established on April 13, 2003, and has since been regarded as an “eagle” in the identification and tackling of fraudulent activities. One of the key ways EFCC operates is by acting upon petitions […]