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Doing Business in Nigeria
Legal Framework for Business Activities
All business enterprises must be registered with the Registrar-General of the Corporate Affairs Commission (CAC) - the registrar of companies in Nigeria. A foreign investor wishing to set up business operation in Nigeria should take all steps necessary to obtain local incorporation of the Nigerian branch or subsidiary.
Business activities may be undertaken in Nigeria as one of the following:
- Private or Public limited liability company
- Unlimited liability company
- Company limited by guarantee
- Foreign Company (branch or subsidiary of foreign company)
- Partnership/Firm
- Sole Proprietorship
- Incorporated trustees
- Representative office
Incorporating a Business Enterprise in NIgeria
The Companies and Allied Matters Act, 1990 (the Companies Act) is the principal law regulating the incorporation of businesses. The administration of the Companies Act is under-taken by the Corporate Affairs Commission (CAC) and its functions include:
- Regulating and supervising the formation, incorporation, registration, management and winding up of companies
- Maintenance of a Companies Registry
- The conduct of investigation into the affairs of any company in the interest of share-holders and the public.
Incorporating a Business Enterprise in NIgeria
The Companies and Allied Matters Act, 1990 (the Companies Act) is the principal law regulating the incorporation of businesses. The administration of the Companies Act is under-taken by the Corporate Affairs Commission (CAC) and its functions include:
- Regulating and supervising the formation, incorporation, registration, management and winding up of companies
- Maintenance of a Companies Registry
- The conduct of investigation into the affairs of any company in the interest of share-holders and the public.