As a law firm, a frequent question we receive from our client’s looking to incorporate their company in Nigeria is; “What are the requirements for registering/incorporating my company”. In this article, we would be discussing this in detail. Apart from a company, there are other types of business entities a person can register such as;…
Over the past year, we have received inquiries from our clients and prospects about setting up their businesses in the US. This has required us to build the need capacity in order to meet the ever evolving demands of our clients. As an African entrepreneur who does not reside in the United States, the…
INTRODUCTION Popularly known as Africa’s largest economy, and home to over 200 million people and counting, Nigeria is considered a huge consumer market by global brands. In terms of physical location, Nigeria is strategically located, with easy access to other African countries by air, sea or land. Nigeria has the second largest oil reserve and…
Few months ago, our firm was engaged by a client in the UK to conduct due diligence on a startup in Nigeria. The latter was considering investing in it. Here are a few lessons from my experience I believe startup founders and investors should consider when raising funds from investors; 1. Make it easy for…
On the 27th of July 2022, the Nigeria Startup Bill (NSB) passed its third reading at the House of Representatives. Following this development, the Bill has completed its law making phase at the National Assembly. The Bill currently awaits the Assent of the President to be signed into Law. This is no doubt a promising…
If you own a business in Nigeria and wish to expand your market base across the world without migrating to another country, the easiest and most effective way of doing so is to set up a company in the country in which your target market is located. For most startups and companies, the United States…
Recently, Ping Express, a Texas-based company has been in the news over its failure to maintain an effective anti-money laundering programme. In addition, it was discovered that the company had conducted money transfer services in about 5 States in the United States where it wasn’t licensed. As a result, both the CEO of Ping Express…
So you want to create a software product that serves as a core revenue stream for your business and you have no idea about software programming or the technical aspects to creating the product in question. You’re faced with 2 options; a) Lookout for someone with the technical skills required to build the product and…
Are you an early stage startup founder looking to raise money in the United States? Do you own a business and you are looking to access the American market? Then this is for you! The United States no doubt plays host to a large and diverse market base. According to the National Venture Capital Association…
Having recognized the relevance of information technology as a critical infrastructure in society which must be safeguarded, regulated, and protected against online harm, the National Information Technology Development Agency (NITDA), on the 13th day of June 2022, announced the release of a Draft code of practice for interactive computer service platforms/Internet Intermediaries. SCOPE…