The Federal Ministry of Interior recently issued a Public Notice implementing additional guidelines to regulate Expatriate Quota related matters and Business Residency in Nigeria.

Less than 24 hours ago, members of the House of Representatives reached out to the Federal Government, advising and recommending a more beneficial entry visa policy for investors and tourists into Nigeria.

For expatriates to carry on their businesses in Nigeria some legal issues arises and same must be effectively dealt with to ensure smooth running of their businesses.

As part of regulatory requirements, foreign investors and offshore companies doing business or looking to establish in Nigeria must obtain Business Permit and Expatriate Quota from the Minister of Interior.

The business visa is open to every foreigner that is not on the ban list.

Expatriate quota in Nigeria is an approval granted by the Minister of Interior affairs to foreign or indigenous companies to enable foreign employees, directors or owners of businesses work in Nigeria.

On 14 April 2021, the Ministry of Interior (MOI) held its 2nd stakeholders' meeting on expatriate quota matters.

It is a strict compliance that all foreigners coming to Nigeria for business purposes need to have a visa for Nigeria prior to their arrival.

Citizenship acquisition can be a long and rigorous process but that is not always the case for high-net-worth individuals who may explore the option of acquiring citizenship by investment.

For the easy setup of a foreign owned company in Nigeria, the business owner must comply with corporate laws of the new jurisdiction to guarantee a hitch free start of the business in Nigeria.

There are a number of visa options for persons seeking to visit Nigeria whether to work, establish a new business, or to run an existing business.

From artworks to property to super yachts, something sets the ultra-wealthy apart; the need to continually amass trophies. Undoubtedly, obtaining another citizenship is the recent trophy for the ultra-wealthy.

This is a certificate issued on the authority of the Minister of Interior to wholly foreign owned or joint venture companies intending to do business in Nigeria to enable them operate legally.