Doing Business Simplified: Navigating Immigration Requirements In Nigeria

Introduction

For foreign companies looking to expand and set up operations in Nigeria, it is important that personnel with a good understanding of the companies' strategy are available to support in the establishment and the nascent stages of the company.

In this article, we have highlighted the basic immigration requirements for a foreign company carrying on business in Nigeria and salient points to note on the new Guidelines on the Administration of Expatriate Quota and Other Business Instruments issued on January 24, 2022 (the "New Guidelines").

What is a Business Permit?

A company that is wholly or partly owned by a foreigner (individual and corporate) is required to apply and obtain a Business Permit ("BP") from the Nigerian Ministry of Interior, Citizenship and Business Department (the "Ministry"). The BP is issued to the company to enable the foreigners legally carry on the business of the company in Nigeria.