Search engine for touristic excursions to any place in the world Nigeria has become projected is the 4th most populous Country by the year 2050. The huge population and requires for developments as well as a business friendly government set up made Nigeria becoming a destination of choice for any investors in the world. The BENEFITS And has OF INCORPORATING A BUSINESS IN NIGERIA
1) Foreign nationals and entities can fully possess a company in Nigeria: save for few exceptions, such as companies seeking to bid for contracts in coal and oil industry that requires 51% of shares of such companies be owned by Nigerians, foreign nationals may register and fully own shares of the limited liability company 100% in Nigeria.
2) Tax incentives for businesses in certain industries: There are numerous tax incentives available for a variety of newly registered companies in Nigeria. Lawyers in ikeja include Pioneer Status Scheme, which grants a tax holiday exempting companies from certain industries obligations to pay corporate taxes and withhold tax on dividends 5 years. Such tax incentives include non-taxation with respect of gains from your sale of shares. Furthermore, an overseas company could be exempted from the interest payable with a loan granted with a Nigerian company, at the mercy of conditions and terms.
3) Repatriation of Capital and Interest: an overseas company registered and undertook business in Nigeria is eligible for repatriate all its capital, profits and interests. However, such foreign company should have a piece of paper of Capital Importation. Nigerian Foreign Exchange laws require that foreign investors desperate to repatriate their capital, dividends and profits needs to have proof of capital invested towards the country through Authorized Dealers (all banks licensed by Central Bank of Nigerian are Authorized Dealers). Immediately a different investor brought money into the country, an official Dealer accustomed to import the main city would issue the Certificate of Capital Importation. With your Certificate, foreign investors deserve repatriate all of their capitals, dividends, interests or profits.
4) Seamless Immigration System and Business Permit: Having registered a company in Nigeria, investors deserve make use of Nigerian seamless immigration and business permit system. A firm registered by foreigners or has foreigners, as shareholders must obtain a Business Permit Certificate. As well as any company wanting to employ foreigners could also submit an application for Expatriate Quota Approvals. After Expatriate quotas must have been granted to the company, any foreigners the corporation desires to employ can seamlessly make an application for Nigerian residency and work permit referred to as Combined Expatriate Residence Permit and Aliens Card (CERPAC). A firm worker or shareholder trying to visit Nigeria for business prior the processing of CERPAC, which takes about Five to six weeks to process may obtain a Temporary Work permit (TWP), that may be processed within 3 to 5 days.
5) Swift and Efficient Business Registration: The company registration in Nigeria is now extremely fast and efficient. Besides, an angel investor might not need to be physically within Nigeria to include a company. Under Nigerian law, at least 2 shareholders are required to include a company. An individual investor can arrange an extra nominee shareholder. Additionally, a foreigner needs to not personally acquire an address in Nigeria before they might register a business. In addition to recent, there have been many good and efficient office arrangements in Nigerian’s big cities including Lagos, Port Harcourt and Abuja. With your arrangements, an international company planning to keep a temporary address in Nigerian can contract numerous companies offering office spaces, maintain addresses and in addition help handle calls and correspondences for the company.
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