If you’ve ever wondered what are the tax incentives for foreigners starting a business in Nigeria, this article provides all the answers that we hope will enable you to decide whether or not Nigeria is a good place to start your business as a foreigner. There are many factors a foreign investor should put into…
Read More : TAX INCENTIVES FOR FOREGNERS STARTING A BUSINESS IN NIGERIAThe temporary suspension of the expatriate employment levy has been announced. In our previous article, we promised to provide updates on developments that may arise from the Expatriate Employment Levy (EEL) policy. For context, the Expatriate Employment Levy was launched on the 27th day of February 2024 by the Federal Government to strike a balance…
Read More : SUSPENSION OF THE EXPATRIATE EMPLOYMENT LEVY IN NIGERIAStarting a new business in Nigeria as a foreigner can be a daunting task, especially if you don’t reside there. However, this doesn’t imply that it’s an insurmountable process. To assist you in your journey, we have compiled a basic legal checklist that we believe will ensure a hassle-free launch of your business in Nigeria….
Read More : STARTING A NEW BUSINESS IN NIGERIA AS A FOREIGNEROn Tuesday, February 27th, 2024, the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria launched the Expatriate Employment Levy (EEL). This levy was introduced to balance the benefits of expatriate employment with Nigeria’s local labour market and resources due to the increase in the imported workforce within the country. The…
Read More : EXPATRIATE EMPLOYMENT LEVY IN NIGERIA-EVERYTHING YOU SHOULD KNOWIf you are interested in finding out how a school is registered in Nigeria, it is essential to be aware of the recent policies and guidelines created by the government and respective agencies. In this article, we will discuss these new policies and other key considerations for registering a school in Nigeria. HOW ARE SCHOOLS…
Read More : HOW TO REGISTER A SCHOOL IN NIGERIAIf you need to notarize a document for official purposes in Nigeria but don’t know how to do it, this article is for you. Not all official documents require notarization, but many can only be recognized internationally if they are notarized. Examples of documents that can be notarized include academic records, birth certificates or attestations…
Read More : HOW TO NOTARIZE A DOCUMENT IN NIGERIAThe Corporate Transparency Act of 2021 in the United States mandates that both local and foreign entities must disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), which is a bureau of the US Department of the Treasury. This compliance requirement forms a part of the U.S. government’s efforts to make it…
Read More : BENEFICIAL OWNERSHIP REPORTING INFORMATION REQUIREMENT FOR US REGISTERED COMPANIESThe Central Bank of Nigeria (CBN) released revised guidelines for International Money Transfer Services in Nigeria on January 31, 2024. The guidelines are aimed at liberalizing the foreign exchange market, ensuring transparency in foreign exchange transactions, boosting diaspora remittances and foreign capital inflows, promoting efficient price discovery mechanisms, and improving the ease of doing
Read More : CBNs REVIEWED GUIDELINE FOR INTERNATIONAL MONEY TRANSFER SERVICES IN NIGERIATo register a company limited by guarantee in Nigeria, there is a mandatory requirement to obtain the authority of the Attorney General of the Federation, as per Section 26(4) of the Companies and Allied Matters Act (CAMA) 2020. To reduce delays in the registration process, the CAMA has provided a 30-day timeframe for the Attorney…
Read More : REGISTERING A COMPANY LIMITED BY GUARANTEE IN NIGERIA – A PRACTICAL GUIDEJust like a natural person is birthed, journeys through the process of life, and dies, so does a business organization undergo a compelling journey from inception, and sometimes the decision to shut down or cease its operations becomes inevitable. In Nigeria, there are laid down rules and laws governing the operations of business organizations (companies,…
Read More : HOW DO I CLOSE A COMPANY IN NIGERIA?
