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CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial OVERVIEW OF WITHHOLDING TAX IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. HOW TO REGISTER A FINTECH COMPANY IN NIGERIA REGISTRATION OF FINTECH COMPANY Financial technology, popularly referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will SHARING OF PROPERTY AFTER DIVORCE IN NIGERIA Sharing of property after divorce in Nigeria also regarded as settlement of property is the transfer of property of a party that may be jointly owned to the other spouse. This usually comes as an ancillary relief granted during divorce proceedings. Settlement of property must be contained in a divorce petition or answer and should BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN … REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. CBN REQUIREMENTS FOR FINTECH & PAYMENT SOLUTION … The Central Bank of Nigeria (CBN) being the regulatory body saddled with the statutory duty of administering the affairs of the financial activities in Nigeria in fulfilment of its duties published the new requirements to obtain a licence to operate a Financial Technology (Fintech) Company in Nigeria on May 24, 2021. Pursuant to the new BUSINESS OPERATION & LICENSES ARCHIVES Generator importation requires an import permit from the Nigeria Electricity Regulatory Commission (NERC). The Nigeria Electricity Regulatory Commission (NERC) is an independent regulatory body with the authority to supervise Nigeria's electricity industry The main purpose of establishing NERC is to supervise the electricity prices of government-owned or controlled power generation companies RIGHTS OF A LEGAL WIFE TO FAMILY PROPERTIES IN DIVORCE The Nigerian system recognizes three types of marriages, which are statutory marriage; customary marriage; and Islamic marriage. Under the customary and Islamic marriages, the right to a woman to acquire and own property was subject to the consent and control of their husbands, as women are often regarded as subordinates to their husbands and as such not entitled to rights of any family REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial HOW TO COMMENCE CIVIL ACTION IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and. By Petition. PROCEDURE FOR ENFORCEMENT OF JUDGMENT IN NIGERIA The procedure for enforcement will depend on whether the judgment is a Money or Non-money. Money judgment can be enforced in one or more of the following ways; Writ of Fieri Facias, Garnishee proceedings, Judgment summons and Writ of sequestration. Writ of Fieri Facias – this is also known as Writ of Fi.Fa or writ of attachment and sale. REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN NIGERIA REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
WRONGFUL TERMINATION OF EMPLOYMENT IN NIGERIA Wrongful termination of employment in Nigeria occurs when either the employer or the employee terminates his employment otherwise than in accordance with the contract or agreement.In employer and employee relationships just like any other relationship, dispute and differences are bound to arise and where such is not properly managed, this may lead to termination of HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each OVERVIEW OF THE JURISDICTION OF THE FEDERAL HIGH … The jurisdiction of the Federal High Court is enshrined in the Constitution of the Federal Republic of Nigeria 1999 (as amended), which provides for the judiciary arm of Government (the Courts). Section 249 (1) of the Constitution created the Federal High Court, which is the third-highest court in the hierarchy of courts inNigeria. The
OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied OVERVIEW OF WITHHOLDING TAX IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and DEED OF ASSIGNMENT IN NIGERIA The Deed of Assignment, otherwise known as Deed of Conveyancing in other states in Nigeria is the document transferring the sale of land or property from one buyer to another. The names of the parties to a Deed of Assignment are Assignor (the Seller) and Assignee (the purchaser). When a deed of assignment has been duly executed amongparties to
CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN … REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each OVERVIEW OF THE JURISDICTION OF THE FEDERAL HIGH … The jurisdiction of the Federal High Court is enshrined in the Constitution of the Federal Republic of Nigeria 1999 (as amended), which provides for the judiciary arm of Government (the Courts). Section 249 (1) of the Constitution created the Federal High Court, which is the third-highest court in the hierarchy of courts inNigeria. The
OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied OVERVIEW OF WITHHOLDING TAX IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and DEED OF ASSIGNMENT IN NIGERIA The Deed of Assignment, otherwise known as Deed of Conveyancing in other states in Nigeria is the document transferring the sale of land or property from one buyer to another. The names of the parties to a Deed of Assignment are Assignor (the Seller) and Assignee (the purchaser). When a deed of assignment has been duly executed amongparties to
CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN … REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in CBN REQUIREMENTS FOR FINTECH & PAYMENT SOLUTION … The Central Bank of Nigeria (CBN) being the regulatory body saddled with the statutory duty of administering the affairs of the financial activities in Nigeria in fulfilment of its duties published the new requirements to obtain a licence to operate a Financial Technology (Fintech) Company in Nigeria on May 24, 2021. Pursuant to the new REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied RIGHTS OF A LEGAL WIFE TO FAMILY PROPERTIES IN DIVORCE The Nigerian system recognizes three types of marriages, which are statutory marriage; customary marriage; and Islamic marriage. Under the customary and Islamic marriages, the right to a woman to acquire and own property was subject to the consent and control of their husbands, as women are often regarded as subordinates to their husbands and as such not entitled to rights of any family PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
FOREIGN COMPANY REGISTRATION IN NIGERIA EXPATRIATE QUOTAS. By virtue of 36 (1) (a) and (b) of the Immigration Act, 2015 a foreigner granted a business permit must be able to fit into the Expatriate Quota. A business permit allows a foreigner to take up employment in Nigeria. However, all companies that intend to employ foreigners must have an expatriate quota. HOW TO REGISTER A FINTECH COMPANY IN NIGERIA REGISTRATION OF FINTECH COMPANY Financial technology, popularly referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will DEED OF ASSIGNMENT IN NIGERIA The Deed of Assignment, otherwise known as Deed of Conveyancing in other states in Nigeria is the document transferring the sale of land or property from one buyer to another. The names of the parties to a Deed of Assignment are Assignor (the Seller) and Assignee (the purchaser). When a deed of assignment has been duly executed amongparties to
HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and HOW TO CHECK IF A COMPANY IS REGISTERED IN NIGERIA Introduction The question of how to know if a company is registered in Nigeria is one often asked by intending individuals or corporate bodies looking to do business or venture into an agreement with another company claiming legality. The write-ups will briefly summarize a process how to check if a company is registered inNigeria.
PROCEDURE FOR NON RESIDENT NIGERIAN BANK ACCOUNT OPENING A BANK ACCOUNT IN NIGERIA There are various regulations and procedures guiding the opening and operation of a bank account for both locals and non-resident persons in Nigeria. The Non-resident bank account opening in Nigeria is relevant to Nigerian citizens in diaspora and foreigners having Nigerian residency status. Pursuant tothe Central Bank of
HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to HOW TO REGISTER A FINTECH COMPANY IN NIGERIA REGISTRATION OF FINTECH COMPANY Financial technology, popularly referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will OVERVIEW OF WITHHOLDING TAX IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. CAC ACCREDITED AGENTS IN NIGERIA The process of company registration with CAC accredited agents. Before any individual commences setting up a company in Nigeria, it is important such an individual firstly acquaint himself or herself with the required documents and requirements for successful company registration in Nigeria. CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN … REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to HOW TO REGISTER A FINTECH COMPANY IN NIGERIA REGISTRATION OF FINTECH COMPANY Financial technology, popularly referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will OVERVIEW OF WITHHOLDING TAX IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. CAC ACCREDITED AGENTS IN NIGERIA The process of company registration with CAC accredited agents. Before any individual commences setting up a company in Nigeria, it is important such an individual firstly acquaint himself or herself with the required documents and requirements for successful company registration in Nigeria. CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN … REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. RIGHTS OF A LEGAL WIFE TO FAMILY PROPERTIES IN DIVORCE The Nigerian system recognizes three types of marriages, which are statutory marriage; customary marriage; and Islamic marriage. Under the customary and Islamic marriages, the right to a woman to acquire and own property was subject to the consent and control of their husbands, as women are often regarded as subordinates to their husbands and as such not entitled to rights of any family HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied DIVORCE SETTLEMENT IN NIGERIA A divorce settlement is an arrangement, adjustment or other understanding reached, as in financial or business proceedings between two adults who have chosen to divorce. It serves as the final legal agreement between these adults for documenting the terms of their divorce. A divorce settlement in Nigeria entails which spouse gets what property and what SHARING OF PROPERTY AFTER DIVORCE IN NIGERIA Sharing of property after divorce in Nigeria also regarded as settlement of property is the transfer of property of a party that may be jointly owned to the other spouse. This usually comes as an ancillary relief granted during divorce proceedings. Settlement of property must be contained in a divorce petition or answer and should LAWS REGULATING OIL AND GAS INDUSTRY IN NIGERIA OIL AND GAS POLICIES IN NIGERIA There are various laws regulating oil and gas in Nigeria. The principals among these laws are the 1999 Constitution of Nigeria (as amended) and the Petroleum Act, which vested ownership and control of oil found anywhere in Nigeria in the Federal Government. This includes oil located within any land CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
DUTIES, LIABILITIES AND RIGHTS OF A DIRECTOR UNDER Long before and up till now the position of a company director in Nigeria has always been regulated by a legal framework, which is embodied in a legislation called the Company and Allied Matters Act. The company legislation as a matter of fact and tradition accords special attention to a company directors by regulating their HOW TO ANNUL A MARRIAGE IN NIGERIA A petition for annulment of marriage in Nigeria is one by which a party to the marriage seeks to establish that due to some defects, the marriage has become invalidated, and hence null and void. The annulment of marriage is completely different from the dissolution of marriage. The grounds for how to annul a marriage TENANCY AGREEMENT IN LAGOS TENANCY AGREEMENT IN NIGERIA INTRODUCTION The concept of tenancy agreement is one widely used in Nigeria, it is reported that 85 per cent of Nigeria’s urban population lived in rented accommodation in 2010, devoting a large per cent of their income on rent. This goes to prove that Tenancy agreement is widely used and still HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied HOW TO REGISTER A FINTECH COMPANY IN NIGERIA REGISTRATION OF FINTECH COMPANY Financial technology, popularly referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to OVERVIEW OF WITHHOLDING TAX IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN … REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN … • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each OVERVIEW OF COMMERCIAL LEASE IN NIGERIA COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied HOW TO REGISTER A FINTECH COMPANY IN NIGERIA REGISTRATION OF FINTECH COMPANY Financial technology, popularly referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to OVERVIEW OF WITHHOLDING TAX IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN … REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. RIGHTS OF A LEGAL WIFE TO FAMILY PROPERTIES IN DIVORCE The Nigerian system recognizes three types of marriages, which are statutory marriage; customary marriage; and Islamic marriage. Under the customary and Islamic marriages, the right to a woman to acquire and own property was subject to the consent and control of their husbands, as women are often regarded as subordinates to their husbands and as such not entitled to rights of any family HOW TO COMMENCE CIVIL ACTION IN NIGERIA LAWSUIT IN NIGERIA Commencement of a civil action is the process taken to institute an action before a competent court to determine the issues between parties. Essentially, there are 4 modes of commencing a civil action in court in Nigeria namely; By Writ of Summons, By Originating Summons, By Originating Motion and By Petition. Each REQUIREMENTS FOR REGISTERING A COMPANY IN NIGERIA REQUIREMENTS FOR COMPANY REGISTRATION A company is a corporate structure with separate legal personality status. It is statutorily regulated and incorporated for the purpose of profit maximization. All companies, whether a private company limited by shares, private unlimited or a company limited by guarantee must be registered in accordance with the Companies and Allied DIVORCE SETTLEMENT IN NIGERIA A divorce settlement is an arrangement, adjustment or other understanding reached, as in financial or business proceedings between two adults who have chosen to divorce. It serves as the final legal agreement between these adults for documenting the terms of their divorce. A divorce settlement in Nigeria entails which spouse gets what property and what LIST OF TRADEMARK CLASSES IN NIGERIA LIST OF TRADEMARK CLASSES IN NIGERIA A registered trademark is an identity and distinction that sets apart products of particular providers from those of others in the marketplace and affords the opportunity to benefit from the valuable reputation built over time in course of using the trademark. Trademark applications are arranged according to the description SHARING OF PROPERTY AFTER DIVORCE IN NIGERIA Sharing of property after divorce in Nigeria also regarded as settlement of property is the transfer of property of a party that may be jointly owned to the other spouse. This usually comes as an ancillary relief granted during divorce proceedings. Settlement of property must be contained in a divorce petition or answer and should HOW TO ANNUL A MARRIAGE IN NIGERIA A petition for annulment of marriage in Nigeria is one by which a party to the marriage seeks to establish that due to some defects, the marriage has become invalidated, and hence null and void. The annulment of marriage is completely different from the dissolution of marriage. The grounds for how to annul a marriage DUTIES, LIABILITIES AND RIGHTS OF A DIRECTOR UNDER Long before and up till now the position of a company director in Nigeria has always been regulated by a legal framework, which is embodied in a legislation called the Company and Allied Matters Act. The company legislation as a matter of fact and tradition accords special attention to a company directors by regulating their TENANCY AGREEMENT IN LAGOS TENANCY AGREEMENT IN NIGERIA INTRODUCTION The concept of tenancy agreement is one widely used in Nigeria, it is reported that 85 per cent of Nigeria’s urban population lived in rented accommodation in 2010, devoting a large per cent of their income on rent. This goes to prove that Tenancy agreement is widely used and still HOW TO VERIFY NIGERIAN DIVORCE CERTIFICATE The procedure for how to verify a Nigerian divorce certificate commences by obtaining a copy of a particular divorce certificate to be verified. To verify divorce status in Nigeria, the applicant or its attorney must personally visit the appropriate court registry where the certificate was issued. Upon the successful completion of divorce proceedings in Nigeria, HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN …BUSINESS NAME IN NIGERIABUSINESS NAME REGISTRATION IN NIGERIASTARTING A BUSINESS IN NIGERIABEST BUSINESS IN NIGERIAGOOD BUSINESS IN NIGERIANIGERIA BUSINESS INFORMATION • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
OVERVIEW OF WITHHOLDING TAX IN NIGERIACOMPANY INCOME TAX IN NIGERIAPERSONAL INCOME TAX IN NIGERIAMINIMUM TAX RATE IN NIGERIATAXES IN NIGERIATAXES IN NIGERIATAXES IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. LIST OF TRADEMARK CLASSES IN NIGERIA LIST OF TRADEMARK CLASSES IN NIGERIA A registered trademark is an identity and distinction that sets apart products of particular providers from those of others in the marketplace and affords the opportunity to benefit from the valuable reputation built over time in course of using the trademark. Trademark applications are arranged according to the description BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to HOW TO OBTAIN LEGAL GUARDIANSHIP IN NIGERIA CONDITIONS FOR LEGAL GUARDIANSHIP IN NIGERIA Legal Guardianship is the quickest legal arrangement for the maintenance and care of a child or children whose parents are no longer capable of raising them due to financial incapacitation or any other issues. The care, custody and welfare of children under the age of 18 years are enshrined CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
PROCEDURE FOR NON RESIDENT NIGERIAN BANK ACCOUNTNON RESIDENT ALIEN BANK ACCOUNTNON RESIDENT BANK ACCOUNT ARUBANON RESIDENT BANK ACCOUNTCANADA
OPENING A BANK ACCOUNT IN NIGERIA There are various regulations and procedures guiding the opening and operation of a bank account for both locals and non-resident persons in Nigeria. The Non-resident bank account opening in Nigeria is relevant to Nigerian citizens in diaspora and foreigners having Nigerian residency status. Pursuant tothe Central Bank of
PROCEDURE FOR THE ESTABLISHMENT OF A COOPERATIVE … COOPERATIVE SOCIETY REGISTRATION IN LAGOS A cooperative society is a voluntary association of individuals, united by the common bond, who have come together to pursue their economic goals for their own benefits. It is an autonomous association of persons united voluntarily to meet their common economic, social & cultural needs and aspiration through a jointly CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN …BUSINESS NAME IN NIGERIABUSINESS NAME REGISTRATION IN NIGERIASTARTING A BUSINESS IN NIGERIABEST BUSINESS IN NIGERIAGOOD BUSINESS IN NIGERIANIGERIA BUSINESS INFORMATION • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
OVERVIEW OF WITHHOLDING TAX IN NIGERIACOMPANY INCOME TAX IN NIGERIAPERSONAL INCOME TAX IN NIGERIAMINIMUM TAX RATE IN NIGERIATAXES IN NIGERIATAXES IN NIGERIATAXES IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. LIST OF TRADEMARK CLASSES IN NIGERIA LIST OF TRADEMARK CLASSES IN NIGERIA A registered trademark is an identity and distinction that sets apart products of particular providers from those of others in the marketplace and affords the opportunity to benefit from the valuable reputation built over time in course of using the trademark. Trademark applications are arranged according to the description BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to HOW TO OBTAIN LEGAL GUARDIANSHIP IN NIGERIA CONDITIONS FOR LEGAL GUARDIANSHIP IN NIGERIA Legal Guardianship is the quickest legal arrangement for the maintenance and care of a child or children whose parents are no longer capable of raising them due to financial incapacitation or any other issues. The care, custody and welfare of children under the age of 18 years are enshrined CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
PROCEDURE FOR NON RESIDENT NIGERIAN BANK ACCOUNTNON RESIDENT ALIEN BANK ACCOUNTNON RESIDENT BANK ACCOUNT ARUBANON RESIDENT BANK ACCOUNTCANADA
OPENING A BANK ACCOUNT IN NIGERIA There are various regulations and procedures guiding the opening and operation of a bank account for both locals and non-resident persons in Nigeria. The Non-resident bank account opening in Nigeria is relevant to Nigerian citizens in diaspora and foreigners having Nigerian residency status. Pursuant tothe Central Bank of
PROCEDURE FOR THE ESTABLISHMENT OF A COOPERATIVE … COOPERATIVE SOCIETY REGISTRATION IN LAGOS A cooperative society is a voluntary association of individuals, united by the common bond, who have come together to pursue their economic goals for their own benefits. It is an autonomous association of persons united voluntarily to meet their common economic, social & cultural needs and aspiration through a jointly CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. RIGHTS OF A LEGAL WIFE TO FAMILY PROPERTIES IN DIVORCE The Nigerian system recognizes three types of marriages, which are statutory marriage; customary marriage; and Islamic marriage. Under the customary and Islamic marriages, the right to a woman to acquire and own property was subject to the consent and control of their husbands, as women are often regarded as subordinates to their husbands and as such not entitled to rights of any family PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
PROCEDURE FOR NON RESIDENT NIGERIAN BANK ACCOUNT OPENING A BANK ACCOUNT IN NIGERIA There are various regulations and procedures guiding the opening and operation of a bank account for both locals and non-resident persons in Nigeria. The Non-resident bank account opening in Nigeria is relevant to Nigerian citizens in diaspora and foreigners having Nigerian residency status. Pursuant tothe Central Bank of
HOW TO OBTAIN LEGAL GUARDIANSHIP IN NIGERIA CONDITIONS FOR LEGAL GUARDIANSHIP IN NIGERIA Legal Guardianship is the quickest legal arrangement for the maintenance and care of a child or children whose parents are no longer capable of raising them due to financial incapacitation or any other issues. The care, custody and welfare of children under the age of 18 years are enshrined DEED OF ASSIGNMENT IN NIGERIA The Deed of Assignment, otherwise known as Deed of Conveyancing in other states in Nigeria is the document transferring the sale of land or property from one buyer to another. The names of the parties to a Deed of Assignment are Assignor (the Seller) and Assignee (the purchaser). When a deed of assignment has been duly executed amongparties to
THE PROCEDURE AND COST TO REGISTER AN NGO IN NIGERIA However, the total cost of registration ranges from N130,000 to N200,0000, including the cost of advertisements in 2 national newspapers. Above all, the process for registration of NGO or charitable foundation is tedious, and engaging the services of an REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN NIGERIA REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in HOW TO REGISTER A COMPANY ONLINE IN NIGERIA WITH CAC COMPANY REGISTRATION IN NIGERIA The Corporate Affairs Commission (CAC) through its online platform has now made incorporation of a company easier. An individual can now register a company online with CAC, with little or no help from anyone, except for Section E in the Registration Form CAC 1.1, which requires the signature of a Legal PETROLEUM PRODUCTION AND DISTRIBUTION (ANTI-SABOTAGE… PETROLEUM PRODUCTION AND DISTRIBUTION (ANTI-SABOTAGE) ACT. View LargerImage.
HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN …BUSINESS NAME IN NIGERIABUSINESS NAME REGISTRATION IN NIGERIASTARTING A BUSINESS IN NIGERIABEST BUSINESS IN NIGERIAGOOD BUSINESS IN NIGERIANIGERIA BUSINESS INFORMATION • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
OVERVIEW OF WITHHOLDING TAX IN NIGERIACOMPANY INCOME TAX IN NIGERIAPERSONAL INCOME TAX IN NIGERIAMINIMUM TAX RATE IN NIGERIATAXES IN NIGERIATAXES IN NIGERIATAXES IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. LIST OF TRADEMARK CLASSES IN NIGERIA LIST OF TRADEMARK CLASSES IN NIGERIA A registered trademark is an identity and distinction that sets apart products of particular providers from those of others in the marketplace and affords the opportunity to benefit from the valuable reputation built over time in course of using the trademark. Trademark applications are arranged according to the description BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to HOW TO OBTAIN LEGAL GUARDIANSHIP IN NIGERIA CONDITIONS FOR LEGAL GUARDIANSHIP IN NIGERIA Legal Guardianship is the quickest legal arrangement for the maintenance and care of a child or children whose parents are no longer capable of raising them due to financial incapacitation or any other issues. The care, custody and welfare of children under the age of 18 years are enshrined CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
PROCEDURE FOR NON RESIDENT NIGERIAN BANK ACCOUNTNON RESIDENT ALIEN BANK ACCOUNTNON RESIDENT BANK ACCOUNT ARUBANON RESIDENT BANK ACCOUNTCANADA
OPENING A BANK ACCOUNT IN NIGERIA There are various regulations and procedures guiding the opening and operation of a bank account for both locals and non-resident persons in Nigeria. The Non-resident bank account opening in Nigeria is relevant to Nigerian citizens in diaspora and foreigners having Nigerian residency status. Pursuant tothe Central Bank of
PROCEDURE FOR THE ESTABLISHMENT OF A COOPERATIVE … COOPERATIVE SOCIETY REGISTRATION IN LAGOS A cooperative society is a voluntary association of individuals, united by the common bond, who have come together to pursue their economic goals for their own benefits. It is an autonomous association of persons united voluntarily to meet their common economic, social & cultural needs and aspiration through a jointly CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. HOW TO REGISTER A BUSINESS NAME AND AN ENTERPRISE IN …BUSINESS NAME IN NIGERIABUSINESS NAME REGISTRATION IN NIGERIASTARTING A BUSINESS IN NIGERIABEST BUSINESS IN NIGERIAGOOD BUSINESS IN NIGERIANIGERIA BUSINESS INFORMATION • INTRODUCTION Companies are not the only business organization in Nigeria. There are others like sole proprietorship and partnership, which are covered as business names under the Companies and Allied Matters Act (CAMA). Business name, also known as an enterprise is covered under Part B of the CAMA. A business name is a fastest and PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
OVERVIEW OF WITHHOLDING TAX IN NIGERIACOMPANY INCOME TAX IN NIGERIAPERSONAL INCOME TAX IN NIGERIAMINIMUM TAX RATE IN NIGERIATAXES IN NIGERIATAXES IN NIGERIATAXES IN NIGERIA Withholding Tax in Nigeria is a form of advance payment of income tax. It is a payment on account of the ultimate income tax liability of the taxpayer or company. Withholding tax (WHT) is not a separate tax on its own and does not confer an exemption from the filing of annual tax returns by any company which had suffered WHT deductions. LIST OF TRADEMARK CLASSES IN NIGERIA LIST OF TRADEMARK CLASSES IN NIGERIA A registered trademark is an identity and distinction that sets apart products of particular providers from those of others in the marketplace and affords the opportunity to benefit from the valuable reputation built over time in course of using the trademark. Trademark applications are arranged according to the description BASIC QUALIFICATIONS FOR ELECTIONS IN NIGERIA The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to HOW TO OBTAIN LEGAL GUARDIANSHIP IN NIGERIA CONDITIONS FOR LEGAL GUARDIANSHIP IN NIGERIA Legal Guardianship is the quickest legal arrangement for the maintenance and care of a child or children whose parents are no longer capable of raising them due to financial incapacitation or any other issues. The care, custody and welfare of children under the age of 18 years are enshrined CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
PROCEDURE FOR NON RESIDENT NIGERIAN BANK ACCOUNTNON RESIDENT ALIEN BANK ACCOUNTNON RESIDENT BANK ACCOUNT ARUBANON RESIDENT BANK ACCOUNTCANADA
OPENING A BANK ACCOUNT IN NIGERIA There are various regulations and procedures guiding the opening and operation of a bank account for both locals and non-resident persons in Nigeria. The Non-resident bank account opening in Nigeria is relevant to Nigerian citizens in diaspora and foreigners having Nigerian residency status. Pursuant tothe Central Bank of
PROCEDURE FOR THE ESTABLISHMENT OF A COOPERATIVE … COOPERATIVE SOCIETY REGISTRATION IN LAGOS A cooperative society is a voluntary association of individuals, united by the common bond, who have come together to pursue their economic goals for their own benefits. It is an autonomous association of persons united voluntarily to meet their common economic, social & cultural needs and aspiration through a jointly CAN A FOREIGNER BE A DIRECTOR IN A NIGERIAN COMPANY? The answer to this question is Yes. The Nigerian governing law for company registration or business formation is the Companies and Allied Matters Act (CAMA) LFN 2004. The CAMA allows a foreigner to establish a company in Nigeria and own same 100%. The law also does not preclude a foreigner from being a director in a Nigerian company. RIGHTS OF A LEGAL WIFE TO FAMILY PROPERTIES IN DIVORCE The Nigerian system recognizes three types of marriages, which are statutory marriage; customary marriage; and Islamic marriage. Under the customary and Islamic marriages, the right to a woman to acquire and own property was subject to the consent and control of their husbands, as women are often regarded as subordinates to their husbands and as such not entitled to rights of any family PROCEDURE FOR NSITF REGISTRATION The first step for the registration is to obtain an NSITF ECS RE01 Form from the NSITF office nearer to the location where the applicant’s office is located. The form contains the following information, which must be filled by the applicant: The particulars of Business for public and private companies; The particulars of ownersof the
CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian‘s regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreignindividuals seeking
PROCEDURE FOR NON RESIDENT NIGERIAN BANK ACCOUNT OPENING A BANK ACCOUNT IN NIGERIA There are various regulations and procedures guiding the opening and operation of a bank account for both locals and non-resident persons in Nigeria. The Non-resident bank account opening in Nigeria is relevant to Nigerian citizens in diaspora and foreigners having Nigerian residency status. Pursuant tothe Central Bank of
HOW TO OBTAIN LEGAL GUARDIANSHIP IN NIGERIA CONDITIONS FOR LEGAL GUARDIANSHIP IN NIGERIA Legal Guardianship is the quickest legal arrangement for the maintenance and care of a child or children whose parents are no longer capable of raising them due to financial incapacitation or any other issues. The care, custody and welfare of children under the age of 18 years are enshrined DEED OF ASSIGNMENT IN NIGERIA The Deed of Assignment, otherwise known as Deed of Conveyancing in other states in Nigeria is the document transferring the sale of land or property from one buyer to another. The names of the parties to a Deed of Assignment are Assignor (the Seller) and Assignee (the purchaser). When a deed of assignment has been duly executed amongparties to
THE PROCEDURE AND COST TO REGISTER AN NGO IN NIGERIA However, the total cost of registration ranges from N130,000 to N200,0000, including the cost of advertisements in 2 national newspapers. Above all, the process for registration of NGO or charitable foundation is tedious, and engaging the services of an REQUIREMENTS FOR SETTING UP MICROFINANCE BANK IN NIGERIA REGISTERING A MICROFINANCE BANK IN NIGERIA A microfinance bank refers to a mini or non-commercial bank licensed by the Central Bank of Nigeria (CBN) to provide financial services and non-financial services. The CBN is the government agency in charge of licensing microfinance banks in Nigeria. There are several requirements for registering a microfinance institution in HOW TO REGISTER A COMPANY ONLINE IN NIGERIA WITH CAC COMPANY REGISTRATION IN NIGERIA The Corporate Affairs Commission (CAC) through its online platform has now made incorporation of a company easier. An individual can now register a company online with CAC, with little or no help from anyone, except for Section E in the Registration Form CAC 1.1, which requires the signature of a Legal PETROLEUM PRODUCTION AND DISTRIBUTION (ANTI-SABOTAGE… PETROLEUM PRODUCTION AND DISTRIBUTION (ANTI-SABOTAGE) ACT. View LargerImage.
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* About The Firm
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* Corporate & Commercial Law * Banking & Finance Law * Shipping And Maritime Law* Oil And Gas Law
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* Lawyers__
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PASSION AND DEDICATION Resolution Law Firm is one of the leading law firms in Nigeria and top commercial law firm in Lagos Nigeria. The law firm is internationally recognized for its simple and clients’ best interest approach to legal practice in Nigeria.We essentially focuses on energy resources law, international trade law, taxation, commercial transactions, corporate law, intellectual property law, family and general civil litigation across the length and breadth of Nigeria. We handle corporate & business support services for local & multinational companies operating in Nigeria. Resolution Law Firm maintains various aspects of law practice areas, and also dynamic and competent lawyers in Nigeria. Our firm also maintained qualified and experienced arbitrators. As one of the leading corporate solicitors in Lagos, we have rendered services to various local and multinational companies on various aspects of Nigeria law. It is our aim to provide the best & quality legal services to the Nigerian business community and several individuals. This is accomplished by providing the most innovative and practical legal solutions that can help all our clients’ businesses grow and move ahead. We maintain two law firms in Lagos, which are strategically positioned to deliver quality legal services in Lagos and Nigeria at large. Our law firm in Ikeja, Lagos is located very close to the International Airport, while maintaining another office in Lekki. Our lawyers are in good standing at the Bar . We also maintain annexe office in Abuja. READ OUR RECENT BLOGS PROCEDURES AND COST FOR TRADEMARK AND PATENT REGISTRATION IN NIGERIA HOW TO REGISTER A TRADEMARK IN NIGERIA The trademark registration in Nigeria provided for by…Read more..
THE CONSTITUTION OF NIGERIA 1999 1999 Constitution of Nigeria Constitution of the Federal Republic of Nigeria 1999 Arrangement of sections…Read more..
HOW TO OBTAIN TAX CLEARANCE CERTIFICATE IN NIGERIA FIRS TAX CLEARANCE CERTIFICATE TAX CLEARANCE CERTIFICATE NIGERIA A Tax Clearance Certificate in Nigeria is…Read more..
A BRIEF OVERVIEW OF BIGAMY AND ADULTERY UNDER NIGERIAN LAW Bigamy and Adultery under Nigerian Law Marriage is a social and legal relationship. There are…Read more..
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