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Expatriate_Quota_Firmus_Advisory_1

How to Obtain Expatriate Quota in Nigeria

Expatriate quota in Nigeria is granted by the Ministry of Interior to foreign-owned or indigenous companies. The purpose is to enable them to employ or recruit foreign employees to legitimately work and live in Nigeria. Application for expatriate quota can be made upon commencement of business or immediately after incorporation of a company and can … Continued

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business_Visa_Firmus_Nigeria_1

How to Obtain a Business Visa in Nigeria

A business visa is one of the categories of visas issued to foreigners by the Nigerian Immigration Service (NIS) to travelers who intend to conduct business activities or conduct business meetings that do not constitute labour or gainful employment in Nigeria. It is issued at Nigerian embassies across the world. A business visa also applies … Continued

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Nigeria_Startup_Act_Firmus_Advisory

An Overview of The Nigerian Startup Act 2022

On the 19th of October, 2022 President Muhammudu Buhari signed the Nigerian Startup bill into law to be known as the Nigerian Startup Act 2022. The purpose of this law is to create a legal framework for the development of startups, develop and grow technology-related talents and ultimately position the Nigerian startup ecosystem as the … Continued

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Why_Invest_in_Ghana_Firmus_Nigeria

Why Invest in Nigeria?

Nigeria is Africa’s largest economy, the sixth largest population in the world, and a good country to invest in. According to Wikipedia, as of January 2022, Nigeria had a population of 215 million (approximate) with young people in the 0-14 age group representing 42-54% while the 15-35 age range also represents 36%. The population is … Continued

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Incentives_for_Investing_in_Nigeria_Firmus_Nigeria

What are the incentives for investing in Nigeria?

Are there any investment Incentives in Nigeria? Nigeria, an entrepreneurial population with innovative, creative, and highly resilient has conveniently been established as a frontier market for bullish investors and its GDP flow has convincingly made her Africa’s largest economy. To continue to attain the spot of Africa’s Largest economy as a large and competitive market … Continued

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Company_Director_in_Nigeria_Firmus

How to Remove Company Director in Nigeria

The director of a company is a person that is charged with the responsibilities of managing the business of a company. Removal of a company director is made by an ordinary resolution. It is important to carefully follow due process otherwise the removal would be invalid in law and non-compliance with the procedure for the removal … Continued

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Business_Name_Firmus_Nigeria_2

How to register my Business Name in Nigeria

It is largely known that Nigeria is an entrepreneurial country with a huge labour force and a lot of business opportunities.  The registration with CAC gives businesses legal personalities and legal ownership to the business owners thereby enforcing brand credibility and visibility. Business Name registration is the easiest and less expensive type of business registration … Continued

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Registering_your_Business_with_the_NIPC

Registering your Business with the NIPC

The Nigerian Investment Promotion Commission (NIPC) was established by the Nigerian government to encourage, promote and coordinate investments in the Nigerian economy. Foreign-owned companies intending to carry on business in Nigeria are expected to register with the NIPC and enjoy some incentives provided by the government to them such as tax holidays for a certain … Continued

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Fintech_In_Nigeria_Firmus_Advisory_1

Starting a Fintech Business in Nigeria

Fintech is an acronym for financial technology. It has been a thriving aspect of Technology in the past few years. It is a term used to describe the use of technology to improve financial services. Fintech is a rapidly growing space with a lot of opportunities as finance cannot be dispensed with. Fintech makes financial … Continued

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TIN_and_BVN_Nigeria_Firmus_Advisory

How to Obtain TIN and BVN in Nigeria

TIN refers to Taxpayer Identification Number whiles BVN refers to Bank Verification Number. For anyone seeking to start their business in Nigeria, TIN and BVN are two important things you must obtain. On October 17, 2022, the Central Bank of Nigeria (CBN) which is the apex bank in Nigeria issued a draft guideline on contactless … Continued

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