Nigeria

Nigeria f

Official Name:  Nigeria

               Abuja

        English

           Nigerian naira

Nigeria g

OUR SERVICES;                      

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

Nigeria 

Nigeria, with a population of about 210 million, is the most populous country on the African continent with an area of ​​923,768 square kilometers on the west coast of Africa. It is bordered by Benin to the west, Chad and Cameroon to the east, and Niger to the north. To the south of the country is the Gulf of Guinea, part of the Atlantic Ocean.
Most people’s income depends on agriculture, and due to GDP, 70% of people live below the poverty line.
Its exports include oil and petroleum products, cocoa and rubber, which are exported to the United States, Spain, Brazil and France.
Its imported products include machinery and equipment, chemicals, transportation equipment, consumer goods, food and live animals imported from China, the Netherlands, Britain, France, Brazil and Germany.

General Questions 

What is the best type of company for all products and services to operate?
Limited Liability Company (LLC)

How much is a corporate tax in Gabon?
30%

How much is VAT in Gabon?
7.5%

How much does it cost to register a company in Gabon?
$ 19000 USD

What is the minimum capital required to register a company?
$ 1 USD

Do company executives should travel to Gabon to complete the company registration?
No need.

How long does it take to register a company?
4 months

Is it necessary to have an office physically to register a company?
Yes.

The benefit of company registration in Nigeria 

  • Most offices in Nigeria speak English.
  • Company registration can be done with a shareholder and a director of any nationality.
  • Shareholders and directors do not need to travel to Nigeria to register a company and complete the process.
  • Nigeria has bilateral investment agreements with China, Finland, France, Germany, Italy, the
  • Netherlands, South Korea, Romania, Serbia, South Africa, Spain, Sweden, Switzerland, Taiwan and the United Kingdom.
  • The largest consumer goods market in Africa
  • Investment opportunities in the fields of education, transportation, communications, health, etc.
  • Rich mineral resources such as gold, lead, coal, tin, iron ore, etc.
  • Agricultural and livestock products for export such as palm oil, cocoa, coconut, leather and textiles
  • Rich oil and gas resources and the need for foreign investment for extraction and processing
  • High government incentives to invest in most areas such as tax breaks, return on investment, 3 year tax break
  • Having 20 economic zones with special privileges such as exemption from paying taxes, tax exemption, return on investment with profit, no need for a license, no restrictions on hiring foreign employees.
  • Cheap manpower
  • 100% foreign ownership to register a company (oil and gas requires a local partner)

The disadvantage of company registration in Nigeria 

  • Company registration and licensing fees in Nigeria are very expensive.
  • Lack of full government support for the copyright of foreign companies
  • Although the manpower is large, they are very unskilled and inefficient.
  • Ranked 131st most difficult country in the world to start a business according to the World Bank
  • Nigeria’s economy is completely dependent on oil prices.
  • High inflation and high currency fluctuations
  • Bureaucracy and widespread corruption in Nigeria
  • Lack of security for foreign investors
  • Organized crime such as drug trafficking, kidnapping, cybercrime
  • Nigeria’s weak infrastructure
  • 30% corporate income tax, 10% refund tax and 7.5% VAT
  • The visa process is difficult for foreigners.
  • Prohibition of foreign companies from investing in stocks related to aviation, oil, transportation, real estate and telecommunications.

Type of company registration

Private Company Limited (Limited/Ltd)
Public Company Limited (PLC)
Company Limited by Guarantee (Ltd/Gte)
Unlimited Company (Ultd)
Foreign Branch
Representative Office

The company registration process

  • Send company registration application to company registration office in Nigeria
  • Specify a unique name for the company and receive confirmation
  • Preparation and adjustment of the company’s articles of association, including company name, type of activity, name of shareholders and amount of shareholders, names of managers, address and telephone number of the company
  • Opening a bank account and depositing the company’s capital
  • Register the company and publish an ad to start working in the newspaper
  • By referring to the tax office and receiving the tax code
  • Preparation of company stamp and letterhead
  • File a case with the Social Security Organization