[https://kudikonsult.com/doing-business-in-nigeria-part-1-foreign-company-registration/#:~:text=A%3A In addition to registering,from the Ministry of Interior.](https://kudikonsult.com/doing-business-in-nigeria-part-1-foreign-company-registration/#:~:text=A%3A In addition to registering,from the Ministry of Interior.)
Foreign Company Registration in Nigeria
Q: Are there certain foreign companies that are exempted from Company Registration in Nigeria?
A: Yes, the following companies will be exempted from registering a company after application for exemption:
- Foreign companies invited to Nigeria by or with the approval of the Federal Government to execute any specified individual project;
- Foreign companies which are in Nigeria for the execution of specific individual loan projects on behalf of a donor country or international organization;
- Foreign government-owned companies engaged solely in export promotion activities; and
- Engineering consultants and technical experts engaged on any individual specialist project under contract with any of the governments in the Federation or any of their agencies or with any other body or person, where such contract has been approved by the Federal Government.
Q: Are there any requirement before a Foreigner can do business in Nigeria?
A: In addition to registering your business with the Corporate Affairs Commission (CAC), a foreigner that intends to do business in Nigeria must also register with the Nigerian Investment Promotion Commission (NIPC) and where he/she wants to live in Nigeria would require a business permit from the Ministry of Interior.
Q: What are the requirements to commence a foreign company registration?
A: The following documents will be required:
- Name of the company
- Nature of business
- Registered office address of the company
- Particulars of the directors and shareholders.
- Particulars of the secretary
- Share Allocation Formula