Nigeria, located on the African continent, is the jurisdiction with the largest population, economy and oil production in Africa. Steady and robust GDP growth over the past decade has developed a growing consumer class and attracted considerable investor interest.

For the past five years Nigeria has been driven by growth in agriculture, telecommunications and services. Economic diversification and remarkable growth have not significantly reduced poverty levels. More than 62% of Nigeria's 170 million people still live in extreme poverty.

This oil-rich jurisdiction has been hampered by an inadequate power supply, lack of infrastructure, delays in passing legislative reforms, an inefficient property registration system, restrictive business policies, an inept judicial system, an unconscious regulatory environment. , widespread corruption, insecurity and unreliable dispute resolution mechanisms.

This country offers abundant natural resources and a low-cost labor force. You can also enjoy duty-free trade with other member countries of the Economic Community of West African States (ECOWAS).

If you are interested in registering a company in this jurisdiction, you should know that choosing the business structure is of the utmost importance, that is why at Foster Swiss we can advise you in the best way.

In Nigeria you can register a Limited Liability Company, here LLCs can be created with a minimum of two shareholders and two directors of any nationality. The minimum share capital is US $ 1.

To create a branch in Nigeria, a resident person must be assigned (no matter their nationality), but their duty is to act as a representative of the company in the country. The business structure can engage in any business activity, guided by the scope of operations of the parent company.

Finally, there are the representative offices, it can be 100% foreign owned, they cannot carry out any income-generating activities. Such entities can only engage in non-commercial and non-productive activities such as market research and business promotion of the parent company.

If this jurisdiction caught your attention and you want more information on foreign investments, contact our consultants Foster Swiss.

   For more information on this topic or any requirement related to our services, you can contact directly through info@fosterswiss.com