The corporate income tax rate in Nigeria is 30%, assessed on a preceding year basis.
Nigeria, officially known as the Federal Republic of Nigeria, is a country in West Africa, which happens to be the largest economy of Africa, growing over 6-7% annually. Nigeria is the most populous country in Africa, and the 7th most populous in the world, with a huge base of young population. The bulk of the nation’s economy relies on the export of oil, with some cocoa and rubber also being exported.
Nigeria is the largest market in sub-Saharan Africa with a reasonably skilled workforce for the efficacious management of investment projects in the country. It is well connected by a wide network of motorable all-season roads, railway tracks, inland waterways, maritime and air transportation.
To concretize a business idea into a company in Nigeria, you can choose from among the following legal entities.
A company in Nigeria enjoys the following benefits:
Business Setup Worldwide is a platform to help you start your company in Nigeria. We facilitate the setup of your business through services like company incorporation, registration, business advisory and tax consultation services.
We keep your business objectives at the centre of our operations. We specialize in business-oriented support activities, in face of the ever-changing global executive environment. We take pride in our ability to adapt to the market and devise innovative strategies to aid firms with their vision.
Business Setup Worldwide's proprietary business design techniques, combined with its specialized industry knowledge and global reach, enable companies to anticipate changes in customer priorities and the competitive environment, and then design their businesses and improve operations to seize opportunities created by those changes.
BusinessSetup Worldwide helps businessmen, entrepreneurs and investors establish their company in Nigeria through consulting, incorporation, registration and legal consulting services. Our experts take care of the entire Banking, Visa, Legal, and Licensing formalities, and allow corporates to enjoy their company formation process without worrying about the bureaucratic red tape and legal formalities. We guide you through your company formation, with your business objectives at the centre of our ecosystem, all the way. If you are thinking of incorporating a company in Nigeria, do reach out to us.