Within this context, a foreigner is referred to as a citizen of any other country outside Nigeria. With globalization and technological advancement, a foreigner or any person living outside Nigeria can have his or her company set up in Nigeria. Furthermore, the Companies and Allied Matters Act, does not restrict foreigners from serving as directors of a company established in Nigeria. A foreigner could therefore be nominated or appointed as a director of a company in Nigeria regardless of whether or not he lives outside Nigeria.

However, should the company see the need for such foreigner to live and work for the company in the capacity of a director or a signatory to its corporate account in Nigeria, such foreigner must obtain a Combined Expatriate Residence Permit and Aliens Card (CERPAC).

The CERPAC card, is a document that allows a foreigner to reside in Nigeria and carry out business as specified in the permit, or to accompany a resident or citizen of Nigeria as a dependent.

Have further questions in this regard? Contact us HERE, and we’ll be available to take your questions.

Cynthia Tishion
Cynthia is a lawyer and currently serves as Head of Corporate / Commercial Services at LEX – PRAXIS. With her passion for business and entrepreneurship, she is actively engaged in creating awareness on the legal aspect of businesses through various platforms such as writing, public speaking engagements.

Leave a Reply

Your email address will not be published.