Relocating Business to Nigeria: Why It Matters Now
Relocating business to Nigeria is one of the smartest moves a foreign investor can make in today’s emerging markets. Nigeria, with its booming population, growing infrastructure, and vast natural resources, is becoming a magnet for global business expansion.
At Kharis Petroleum Resources and Investments, we specialize in helping companies make a smooth and profitable transition into the Nigerian market. In this guide, we cover seven key essentials for compliant entry and sustainable success.
1. Incorporate Your Business in Nigeria
All businesses relocating to Nigeria must register with the Corporate Affairs Commission (CAC). Foreign-owned businesses typically choose a Limited Liability Company (LLC) structure. You’ll need:
At least ₦10 million in share capital (for most sectors)
A local address
Company name search and reservation
📌 Need help? Start with our company registration service
2. Obtain Tax Identification and Meet Filing Obligations
To remain in full compliance, businesses must register with the Federal Inland Revenue Service (FIRS) and obtain a Tax Identification Number (TIN). Major taxes include:
Company Income Tax (CIT): 20–30%
Value Added Tax (VAT): 7.5%
Withholding Tax: On dividends, interest, royalties
3. Secure Industry-Specific Approvals and Permits
Certain sectors require licenses from regulatory bodies, including:
📌 Check our compliance advisory services
4. Manage Immigration and Staffing Requirements
If relocating foreign staff to Nigeria, apply for:
Expatriate Quota Approvals
STR Visas and CERPAC (residence permits)
Our team can help you navigate this complex immigration process.
5. Import Capital and Open Local Bank Accounts
To legally repatriate profits, obtain a Certificate of Capital Importation (CCI) from your Nigerian bank. This allows:
Free repatriation of dividends
Capital withdrawal
Investor protection
6. Explore Government Incentives for Foreign Investors
Nigeria offers strong support to foreign investors relocating business to the country:
Pioneer Status: 3–5 year tax holidays
100% repatriation of profits
Import duty exemptions
Access to Free Trade Zones
Learn more from the Nigerian Investment Promotion Commission (NIPC)
7. Capitalize on Nigeria’s High-ROI Sectors
💼 Oil & Gas
Nigeria has Africa’s largest oil reserves and offers investment opportunities in exploration, downstream operations, and engineering services.
🌿 Agribusiness
Huge arable land, low mechanization, and increasing food demand mean high ROI in food processing and export.
💸 Fintech
Over 60 million Nigerians remain unbanked—making fintech a prime space for disruption.
🏘️ Real Estate
Rapid urbanization and a growing middle class mean demand for residential and commercial projects is booming.
Explore the World Bank’s ease-of-doing-business report on Nigeria
🧭 Conclusion: Making the Right Move When Relocating Business to Nigeria
Relocating business to Nigeria isn’t just a tactical expansion—it’s a strategic investment into one of the most promising emerging markets in the world. The opportunity is real, but so are the complexities. Regulatory hurdles, cultural nuances, and financial compliance all demand careful navigation.
That’s why partnering with experienced professionals like Kharis Petroleum Resources and Investments is critical. We don’t just help you register a company—we empower your long-term growth through strategic guidance, local insight, and end-to-end operational support.
Whether you’re in oil and gas, agriculture, technology, or real estate, Nigeria offers a fertile ground for scaling your vision—if you enter right.
Let us help you do it the right way.
Partner with Kharis Petroleum Resources and Investments
Our expertise spans registration, compliance, immigration, tax strategy, and offshore support. Whether you’re entering oil and gas, tech, or agribusiness, we provide tailored services to simplify your market entry and ensure long-term success.
Why Choose Kharis Petroleum Resources and Investments?
We offer full-scope business relocation support, including:
Legal and regulatory setup
Tax and offshore compliance
Immigration and HR support
Sector-specific licensing
Local partnership development
📬 Start Your Nigerian Business Journey Today!
Relocating business to Nigeria can be highly profitable—if done right. With the proper legal, tax, and operational structure in place, your company can thrive in one of Africa’s most vibrant economies.
📩 Contact us: a.aboagye@kharisglobalgroup.com
🌐 Visit us: www.kharispetroleumresources@gmail.com
