Market Insights
In a dynamic market, knowledge is your greatest asset. We provide up-to-date information on Nigeria’s business environment, legislative changes, and emerging opportunities, ensuring your strategy and investments are informed.
Nigeria, a rapidly developing country in West Africa, is currently expanding its business landscape, presenting growing opportunities for foreign investors each year. This growth is further supported by the cooperative business and friendly relations between Russia and Nigeria.
With our extensive, multi-year experience operating in Nigeria, we at ITH CONSULTING are uniquely positioned to provide the necessary groundwork for investors, ensuring comfortable living and seamless business operations. Significant government investment in infrastructure development, initiatives to improve citizen welfare, and substantial revenue from natural resources are collectively powering Nigeria’s steady economic growth and development for the foreseeable future.
Why Invest in Nigeria?
Investing in Nigeria is highly advantageous due to several key factors: the country boasts Africa’s largest economy, a vast consumer market, active government support through tax incentives and stimuli, and numerous Free Economic Zones (FEZs) offering attractive tax regimes. Investors benefit from robust investment guarantees, access to a cost-effective labor force, and a continuously improving infrastructure.
Core Advantages:
– Large Market and Consumer Base: With a population of approximately 240 million people, Nigeria offers a massive domestic market for goods and services.
– Africa’s Largest Economy: Nigeria is the continent’s biggest economy, demonstrating substantial potential for continued growth.
– Investment Incentives and Tax Relief: The government provides various stimuli, including tax holidays, tax credits, and special regimes within 14 Free Economic Zones (FEZs), significantly enhancing business profitability.
– Investment Guarantees: Foreign investors can rely on legal protection for their investments.
– Developing Infrastructure: Nigeria is undergoing comprehensive infrastructure improvements across key areas, including highways, rail and sea links, and airports.
– Attractiveness for MNCs (Multinational Corporations): Nigeria is an appealing location for establishing the African regional headquarters of multinational companies.
– Access to Natural Resources: The country is rich in untapped natural resources that can be leveraged across various industries.
– Regional Accessibility: Nigeria is strategically located, offering convenient access to other African countries, alongside established trade links with Europe and other global regions.
ITH CONSULTING Services:
- Company setup
- Tax & Compliance
- Business Operations Support
- Concierge & Relocation Services
- Audit & Accounting
- Asset Vatualion
- Expatriare & Immigration Support
ITH CONSULTING is ready to be your dedicated guide, whether you’re looking to launch a new business, acquire an existing one, invest in projects, or secure a Residence Permit.
The ITH CONSULTING team offers the following services:
Useful Links in Nigeria:
National Insurance Commission (NAICOM) (Health Insurance): https://naicom.gov.ng/general/
Nigeria Customs Service: https://customs.gov.ng/
Contact Us for More Information:
Tel / WhatsApp in Russia: +7 916 526 64 66
Tel / WhatsApp in Nigeria: +234 916 793 8002
Email: info@ith-consulting.ng
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)
How long does it take to register a company in Nigeria?
Our streamlined process ensures your business is officially registered in 2-4 weeks, putting you on the fast track to launching in Nigeria.
What types of companies exist in Nigeria?
In Nigeria, the primary corporate structures are governed by the Corporate Affairs Commission (CAC), which is designed to meet various business and organizational needs. These corporate structures include:- Business Name (Sole Proprietorship
or Partnership)
– Limited Liability Company (LLC)
– Private Limited Company (Ltd)
– Public Limited Company (PLC)
– Incorporated Trustees
– Religious Organizations.
– Charities
– Foundations
– NGOs
Is a Physical Office Mandatory in Nigeria?
An office address is legally mandatory for company registration in Nigeria, but it doesn’t have to be a physical, operational office. A registered office address is a legal requirement for formal correspondence with government bodies like the Corporate Affairs Commission (CAC). Our services can help you meet this requirement by providing a registered address, ensuring your company is fully compliant.