If you are a foreigner, and you wish to buy a property in Nigeria or you are an owner/promoter of a foreign-owned company and the company is looking to buy a property in Nigeria, this article is for you. WHAT THE LAW SAYS ABOUT OWNERSHIP OF LAND IN NIGERIA IN GENERAL The Land Use Act...
IF YOU OWN A REGISTERED COMPANY IN NIGERIA, THIS ARTICLE IS FOR YOU Before we proceed with the steps for recovering your lost certificate, let us emphasize that the Corporate Affairs Commission is the regulatory agency responsible for registering/incorporating businesses in Nigeria. Have you lost your company/business name’s certificate of incorporation? Here’s what you can do...
Imagine having your business or company registered only to be told that you need to carry out SCUML registration to set up a bank account for your business. Prior to this, you had proceeded to the bank in excitement to set up that business account you have always wanted to have. On getting to the...
Do you own several businesses? Are you considering starting a group of companies in Nigeria? Then, this article is for you. Starting a group of companies comes with several regulatory requirements which we will consider below: 1. You must apply to the Registrar General of the Corporate Affairs Commission for consent to use the word...
If you are a foreigner looking to establish a business in Nigeria or a foreign company looking to undertake a project within Nigeria and in partnership with a local company in Nigeria, you are required to obtain a business permit. A business permit is a certificate issued by the Nigerian government to enable either wholly...
On the 19th day of October 2022, the Nigeria Startup Act was signed into law. This is no doubt a promising development for the proponents of this Act as well as the Nigerian digital ecosystem. Before we go into an in-depth analysis of key provisions of the Act, it is important we consider a brief...
In our previous article, we considered everything you need to know about data protection compliance in Nigeria. In that article, we stated that as a requirement, data processors and controllers are required by the Nigeria Data Protection Regulation (NDPR) to file privacy audit returns. To understand the meaning of data processors and controllers as it...
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...
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