Can a foreigner be a director in a Nigerian company?

Can a foreigner be a director in a Nigerian company?

December 25, 2019

Yes a foreigner can be a director in a Nigerian Company. Although there is no express provision for this in the Companies and Allied Matters Act 2004, the law also doesnot preclude a foreigner from being a director in a  Nigerian company. Consequently, a foreigner seeking to do business in Nigeria can be a director of a Nigerian company. However, a foreigner may not be a Managing Directorof a Nigerian company unless such foreigner has obtained the requisite work permit, specifically the Combined Expatriate Residence Permit and Aliens Card (CERPAC).

 

 

 

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    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.

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    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

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  • What is a trademark?

    A trademark can be any word, sign, symbol or graphic that you apply to your company, goods or services to distinguish them from those of your competitors; for example, a brand, product or company name, or logo. The trademark serves as a badge of origin for your business and its brands and products, and can consist of words, logos, slogans, colours and shapes, or a combination of all of these.

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