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 […]
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 […]
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 […]
HOW TO APPLY FOR STR VISA IN NIGERIA
The Subject to Regularization (STR) Visa is a temporary visa granted by the Nigerian government to aliens who have secured employment in Nigeria. It allows the applicant entry into the country while the applicant concludes all the formalities related to long-term residency and permission to work. Key Features of the STR Visa 1. Employment-Based Visa […]
UNDERSTANDING THE EXPATRIATE QOUTA SYSTEM IN NIGERIA
The expatriate quota system is an important component of Nigeria’s immigration framework, put in place to regulate the flow of foreign nationals seeking gainful employment in the country. It ensures that expatriates are employed in industries requiring specialized skills while reserving opportunities for Nigerian citizens. This balances the usage of foreign expertise with the nurturing […]
REGULATORY FRAMEWORK GUIDING IMMIGRATION IN NIGERIA
The Immigration Act, 2015 The Immigration Act, 2015, serves as the foundational legislation governing immigration in Nigeria. This Act confers authority on the Nigerian Immigration Service (NIS), led by the Comptroller General of Immigration, to oversee the Act’s implementation. The Act encompasses the control of individuals entering and leaving Nigeria, border surveillance, issuance of travel […]
LEGALIZING DOCUMENTS IN NIGERIA
Legalizing documents in Nigeria is essentially about verifying signatures and ensuring compliance with relevant laws. The process is uniform, except for academic credentials, which require an extra authentication step. Documents issued by Nigerian authorities for use abroad can be legalized at the foreign embassy after notarization and authentication by the Ministry of Foreign Affairs. Reasons […]