In Part 1 we had discussed the first three steps in registering a foreign company in Nigeria which included incorporation at CAC, obtaining a TIN as well as registering for VAT with FIRS, opening a domiciliary account and obtaining a certificate of capital importation.
A foreign company interested in setting up a new company, subsidiary or a Joint Venture in Nigeria will need to meet certain basic regulatory framework which will legalize its entry into the country.
Nigeria is unarguably one of the largest economies in the Sub-Saharan Africa[1]. Though she relies majorly on oil, her economy is also grown by pockets of corporate organizations covering almost all spheres of activities within the country, ranging from multinational corporations with offices within the country, indigenous companies, and largely by small and medium scale …
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