A Guide to Doing Business in Nigeria Company structure The primary law governing companies and businesses in Nigeria is the Companies and Allied Matters Act 2020 (CAMA), which repealed and replaced CAMA 1990. It deals with the types of business structure, eligibility,...
What is a Tax ID (formerly TIN)? The Tax Identification Number — now officially called a “Tax ID” under Nigeria’s new tax laws — is a unique number that identifies a specific individual or business for the purposes of paying taxes. As tax payment is...
So you have come up with a great business idea, and you are itching to launch and make loads of money in Nigeria. You might think that to start with you want to keep your startup costs low, and one of the ways to do that is by registering a business name rather than...
Starting a Restaurant in Nigeria: The Legal Issues Restaurants in Nigeria are big business. In this article we discuss the legal considerations entrepreneurs should have when looking to start one. We will not be looking at the operational and business viability...
Running an Online Business in Nigeria So you have set up your online business, and you are ready to run it properly and professionally? If you have, please read on…if you haven’t then please read our article on starting an online business here. Tax Issues The first...
Foreign ownership of shares in a Nigerian company When a foreigner buys equity (shares) in a Nigerian company, there are broadly two things required – the share transfer must be registered with the Corporate Affairs Commission, and the fact of foreign ownership must...
