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7 legal articles
The Central Bank of Nigeria (CBN) licenses fintechs in distinct categories — Switching and Processing, Mobile Money Operator (MMO), Payment Solution Service Provider (PSSP), Payment Terminal Service Provider (PTSP), Super...
Legal Personality: Upgrading to a Private Limited Company (Ltd) creates a separate legal entity, protecting your personal assets from business liabilities. Cessation Requirement: You must formally file a "Notice of...
Every business operating in Nigeria must register with the Corporate Affairs Commission (CAC) under the Companies and Allied Matters Act (CAMA 2020). A Private Limited Company (Ltd) is the usual...
International companies must incorporate a local subsidiary through the Corporate Affairs Commission to operate in Nigeria. The minimum authorized share capital for any foreign-owned entity in Nigeria is NGN 100,000,000....
A company in Nigeria, whether resident or non-resident, is subject to taxation if its income falls within the scope of the Companies Incomes Tax Act. It is important to note...
The Complete Guide Key Takeaways Foreign founders entering Nigeria face a specific regulatory framework designed to protect local markets while encouraging international investment. A minimum share capital of 100 million...
Key Takeaways Expanding a foreign tech company into Nigeria requires choosing between the tax benefits of a Free Trade Zone (FTZ) and the operational freedom of standard incorporation. Standard Corporate...
