November 11, 2022

New capital requirements for companies with foreign equity participation in Nigeria

The Ministry of Interior has in its Handbook on Expatriate Quota Administration revised in August 2022 specified one of the conditions for the grant of a Business Permit as a minimum paid-up capital of N100,000,000.00 (One Hundred Million Naira). 

We have in this newsletter answered the following questions:

  1. Does this apply to you?
  2. What is required of you?
  3. What is your exposure?

Kindly note that the information contained in this newsletter is for knowledge purposes only and does not constitute direct legal advice or opinion.

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