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Foreign Investment And International Trade
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Foreign Investment And International Trade
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At ALP we strive to guide the foreign investor around the pitfalls of doing business in Nigeria and are uniquely positioned to obtain the various statutory permits required to set up new business or invest in a going concern. The firm has assisted many clients to make a smooth cost effective transition into the Nigerian market.
ALP will advice on the best choice of vehicle to enter into the Nigerian market and undertake start-up advisory, company formation and company secretarial services. We also advise clients on shareholder agreements and other collaboration arrangements such as joint ventures, agency, partnerships and technical service agreements
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The most significant legislation dealing with foreign investment is the Nigeria Investment Promotion Commission Act 1995 (NIPC Act) which removed all restrictions on foreign investment in Nigeria enterprises save for certain enterprises contained in the “negative list”. Both Nigerian and foreign participation is prohibited from the negative list. The NIPC Act makes provisions for unconditional repatriation and transferability (through authorised dealers) of dividends, profits, payments for foreign loan servicing and proceeds of sale of enterprises. The provisions of the Act are augmented by the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act 1995
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Onikan
Lagos Island
016324350-1
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