The West African Law Network

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN INVESTMENT

The current democratic dispensation in the country has created several opportunities for the firm to advise on various investment opportunities in Nigeria. The foreign investment department of the firm serves as the initial port of call for companies who express an interest in understanding the business climate in Nigeria with a view to eventually setting up shop in the country.

This involves preliminary advice on the various sectors of the nation's economy such as oil and gas, telecommunications, power, aviation, general trade, agriculture, commodities etc. with a view to assisting the investor with the necessary information in its particular area of interest.

The department further advises on the general requirements for doing business in Nigeria in compliance with Nigerian Company law regulations. This involves the incorporation of the company at the Corporate Affairs Commission (the Nigerian Companies Registry) and registration of the Company with the Nigerian Investment Promotion Commission (NIPC). Various start up documentation such as Shareholders Agreements, Joint Venture Agreements, Maintenance and Technical Agreement etc are also drafted by the department where necessary.

At the initial stage of incorporation, all the affairs of the company are handled by this department. These include registration with relevant regulatory authorities including the Nigeria Immigration Services which regulate employment of expatriates in the country, the Nigerian Tax authorities and specialized government agencies such as the Department of Petroleum Resources. Other ancillary services such as acquisition of initial office and residential premises and telephone lines are handled by members of this department until the company is well established.

back

 

 

 
© F.O Akinrele & Co. All Rights Reserved. Powered by Tavia Technologies Ltd