The Nigeria High Commission is delighted to be working once again with Newsdesk Media Group on the second edition of Invest in Nigeria. Nigeria has undergone a major economic transformation, and is now one of the fastest growing economies in Africa. This annual publication is the authoritative guide for those looking to do business in Nigeria, highlighting the vast range of opportunities available to potential foreign direct investors. As well as detailed information on how to invest, the publication provides analysis of each market sector, from transport, agriculture and energy through to mining, defence and healthcare, The Nigeria High Commission would like to call on all businesses, organisations and companies to lend their support to this important annual publication. For further information, please contact Martin Cousens at martin.cousens@newsdeskmedia.com or +44 (0) 20 7650 1600.

The Federal Government of Nigeria has provided many investment opportunities in many sectors of business. The following are some of the priority areas identified by the Government. First find out about incorporating business in Nigeria.

Investment Incentives and Guarantees

Manufacturing

Incorporating a Business Enterprise & Legal Requirements

Mining and Mineral Resources

Principal Laws regulating Foreign Investments

Agriculture

Taxation

Banking and Finance

Nigeria Export Zones (EPZ)

Operating Licenses

Remittances

Incorporating a Business Enterprise & Legal Requirements

It is a legal requirement that all business enterprises must be registered with the Registrar-General of the Corporate Affairs Commission (Registrar of Companies). It is essential that a foreign investor wishing to set up business operation in Nigeria should take all steps necessary to obtain local incorporation of the Nigerian branch or subsidiary. Business activities may be undertaken in Nigeria as a:

1.Private or Public limited liability company;

2.Unlimited liability company; Company limited by guarantee;

3.Foreign Company (branch or subsidiary of foreign company) Partnership/Firm;

4.Sole Proprietorship;

5.Incorporated trustees;

6.Representative office.

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