WHAT IS A RESIDENCE PERMIT? This is a document that authorizes a person especially a foreign national to live in Nigeria. It grants the holder rights as regards living for a specified period of time subject to renewal. The Nigerian Immigration Service through the Director of Immigration i.e. the Comptroller General is charged with the…
So you have an app idea you believe is novel and has never been created. You are also aware of the need to have your app idea protected legally prior to launch, but you are uncertain about how to go about it. In this article, we’ll highlight the various ways you can legally protect your…
INTRODUCTION The afrobeat in Nigeria has recently gained global attention and recognition, and this has given rise to the attraction of investors both locally and in the diaspora. An important sector of the Nigerian music industry has contributed its quota towards promoting talented artists and that is the record labels. In this article, we will…
In the bid to maximize tax incentives, most businesses (both local and foreign) opt for setting up their businesses within free trade zones. In this article, we examine the purpose of free trade zones, who can operate within a free trade zone, incentives for operating within a free trade zone as well as other considerations…
Months ago, we wrote an article on SCUML registration, and the article has given rise to many questions please click here to read the article. In this post, we will be handling as much as possible, every question you could possibly have about SCUML registration in Nigeria. The questions we will be providing answers to…
This agreement has elements of a trust transaction and is used in situations where shares are acquired from a company or entity but are registered in the name of a nominee on behalf of the beneficial shareholder. This agreement enables the owner of the share to take care of his/her share through a nominee without…
Another name for a letter of good standing is a “Certificate of Good Standing or Certificate of Existence”. It is a certificate which is issued by a government agency that verifies the complete registration of a business and total compliance with all the laws regulating businesses in Nigeria. A letter of good standing can be…
If you’ve registered your business with the Corporate Affairs Commission (CAC), you’ve probably had situations where you needed to effect changes on your registration documents such as correcting a name that was misspelled, replacing the address of the business with a new address, provide correct signatures, etc. If you are one of those desiring to…
In a bid to further enhance the efficacy and efficiency of the Nigerian Foreign Exchange Market, the Central Bank of Nigeria through the Director of Exchange Department issued a circular dated August 17 2023 titled “Operational Mechanisms for Bureau de Change in Nigeria”. These guidelines outline key changes that are aimed at streamlining and improving…
Are considering setting up a non-profit organization in the United States even though you don’t live or work in the US? In this article, we consider the legal requirements for setting up your non-profit organization in the United States. DO I NEED TO BE A US CITIZEN TO CREATE AN NGO IN THE UNITED STATES?…