Nigeria

Africa's most populous market. Companies are registered via CAC; foreigners typically use a private limited company.

Region

Africa

Capital

Abuja

Currency

NGN

Language

English

Setup time

1–3 weeks

Tax

Corporate income tax 30% (small companies 0% / medium 20%)

Company types

How businesses are typically structured in Nigeria.

Private Company Limited by Shares (Ltd)

Standard vehicle, can be 100% foreign-owned in most sectors.

Best for

Most operating businesses

Capital

NGN 100k minimum (NGN 100M for FIEs)

Liability

Limited

Public Limited Company (Plc)

Can list on the Nigerian Exchange.

Best for

Larger or listed companies

Limited Liability Partnership (LLP)

Introduced under CAMA 2020; combines partnership and limited liability.

Best for

Professional services

Visa pathways

The most relevant options for founders, employees, investors, and long-stay residents.

Subject To Regularization (STR) Visa

Initial 90 days; convert to CERPAC for 1–2 years

Foreign employees with offer letters in Nigeria.

Requirements

Expatriate quota + employment letter

Temporary Work Permit (TWP)

Up to 3 months

Short-term technical assignments.

Requirements

NIS-approved invitation letter

Business Visa

Up to 90 days

Meetings, negotiations, conferences.

Requirements

Invitation from Nigerian business

🇰🇪 Kenya

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