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Guidelines for Doing Business in Nigeria

Trade & Investment
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Overview

The document is a guideline issued by the Nigerian Investment Promotion Commission (NIPC) outlining the procedures for doing business in Nigeria, both for local and foreign investors. It details the mandatory steps for company registration with the Corporate Affairs Commission (CAC), payment of stamp duties with the Federal Inland Revenue Service (FIRS), and other tax obligations such as Value Added Tax (VAT). The process is divided into stages, starting with company incorporation, which includes name search, submission of incorporation forms, payment of stamp duties, and issuance of Certificate of Incorporation. The document also covers post-incorporation requirements like annual returns (with an 18-month grace period) and tax registration for VAT. Key entities mentioned include the Corporate Affairs Commission, Federal Inland Revenue Service, and relevant contact persons. The language is English, and the document type is a policy/guideline.

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Guidelines for Doing Business in Nigeria