Let's outline the essential steps involved in establishing a legal business presence in Nigeria. The process involves several key stages and requires careful attention to ensure compliance with Nigerian regulations.
A. Choosing Your Business Structure
1. Subsidiary Company
- Concept: A separate legal entity incorporated in Nigeria but owned (partially or wholly) by a foreign parent company. Offers limited liability, meaning the parent company's liability is generally restricted to its investment in the subsidiary.
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Establishing a Legal Business Presence in Nigeria
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