Foreign Owned Company Setup in Nigeria
Are you an international entrepreneur or global brand expanding into the Nigerian market? We provide a seamless, end-to-end legal suite covering 100M Share Capital CAC registration, NIPC licensing, Business Permits, and Expatriate Quotas.
Essential Requirements for Foreign Investors
Nigeria is Africa's largest economy, but foreign-owned business incorporation is strictly regulated. To operate legally, own 100% of shares, and import foreign workers, your business must fulfill the following mandatory steps:
100M Share Capital
The CAC mandates a minimum authorized share capital of ₦100 Million for companies with foreign shareholders.
NIPC Registration
Mandatory registration with the Nigeria Investment Promotion Commission to authorize foreign capital importation.
Business Permit
An operational authorization issued by the Ministry of Interior, allowing foreign-owned entities to do business in Nigeria.
Expatriate Quota
Official quota approval needed to employ foreign expatriates and obtain residency permits (CERPAC).
Frictionless Compliance Execution
Avoid structural mistakes that can freeze your foreign capital. We handle your entire regulatory setup using expert corporate compliance standards.
Required Onboarding Data
- Certified copy of International Passports of all foreign shareholders/directors.
- Proposed local address for the registered corporate office in Nigeria.
- Business details (Nature of trade, share allocation, and directorship details).
- Board Resolution authorizing incorporation in Nigeria (if parent company is a shareholder).
Ready to Launch in Africa's Giant?
Don't let complex immigration and trade laws delay your launch. Connect with our dedicated international compliance desk to get incorporated fast.
Chat with a Regulatory ExpertFrequently Asked Questions
Can a foreigner own 100% of a Nigerian company?
Yes. By virtue of the Nigerian Investment Promotion Commission (NIPC) Act, foreign investors can own 100% of shares in a Nigerian company, except for sectors on the 'Negative List' (such as arms, ammunition, and narcotics).
What is the minimum share capital for a foreign company?
The Corporate Affairs Commission (CAC) mandates a minimum authorized share capital of ₦100 Million for any company with foreign participation or shareholders.
Do I need a local partner or director?
No, a local partner or director is not legally required to register your entity. However, appointing a local director or legal secretary can greatly speed up bank accounts opening and day-to-day operations.
How long does the entire incorporation and permit setup take?
The CAC company registration takes 3–5 working days. The NIPC certificate takes another 3–5 working days, while the Business Permit and Expatriate Quota from the Ministry of Interior take approximately 2–3 weeks.