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 be registered with the Nigerian Investment Promotion Commission.
Please note that there may be other registrations required based on the nature of your business, for instance if in a financial services regulated company, the regulator might require you to register any change in ownership.
The above information is for instances where a foreigner is buying shares in an already existing company. You can find out about the process for a foreigner to start a company in Nigeria in our article here – 5 steps to registering a foreign owned company in Nigeria
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