Business in Nigeria – Why Set Up A Business Here?
Launch the Future of Your Business in Nigeria with the 3E Accounting Team
With a minimum share capital of just US$1 and a company setup process that takes 6 weeks, why setup business in Nigeria is a question easily answered.
A country needs to be extremely promising to encourage foreign investment on its shores. Nigeria certainly does not disappoint. Any foreign investor who is interested will find many reasons as to why setup business in Nigeria is a good idea. A foreigner can easily own a Limited Liability Company (LLC) if it has a minimum of two directors and two shareholders. Even better, these directors and shareholders can be of any nationality.
True, setting up a business in any foreign country can be a daunting prospect, especially if you’re trying to do it alone. You’re launching new operations in a country you’re not entirely familiar with. There could be challenges along the way you probably didn’t see coming. On top of it all, you’ll have to navigate and jump through the legal and administrative hoops before you can even start your business. Luckily, you don’t have to do it alone. Not with 3E Accounting on your side.
This is our analysis as to why you should consider doing business in Nigeria.
Straightforward Setup Process
One of the most promising aspects of doing business in Nigeria is the straightforward incorporation process. In Nigeria, companies are regulated by the Corporate Affairs Commission (CAC). Every company registration must be done through them if you want to operate a legal business in this country.
Competitive Business Environment
The ease of doing business here means that Nigeria is as competitive as the rest of its global counterparts. It’s a good place for new start-ups to launch the business they have always dreamed of.
Local Population Growth Is High
There’s no shortage of manpower to worry about when you start a business in Nigeria. Out of all the African countries, it is by far the most populous. The locals are eager and willing to work and with the right strategies in place, your business is sure to find success.
Available Tax Incentives
Companies in selected industries will be pleased to find that there are several tax incentive options available. Some examples of these incentives include the Pioneer Status Scheme, which gives holiday tax exemption for companies if they meet certain industry obligations.
Smooth Immigration Process
Once you’ve established a business in the country, you get to reap the benefits of its seamless and smooth immigration process. Thanks to the Business Permit Certificate, that is.
Why Choose 3E Accounting
Because we care about the success of your business as much as you do. We work with you every step of the way so you never find yourself alone. We help provide you with the ideas and the assistance needed to effectively set up your business in Nigeria. We’ve done it for hundreds of companies in the past and we’re ready to do the same for you. For more information about our Nigeria company incorporation services, contact the 3E Accounting team today.