Any conflict between Nigerian Accounting Standards and International Accounting Standards should be resolved in favour of the Nigerian standards.
The largest city of Nigeria, as well as that of Africa, Lagos is located in the southwest corner of Nigeria, and is one of the most populous regions in the world. It is the economic hub of the nation, and accounts for over 10% of its GDP. Most of Nigeria’s major corporations, financial institutions and commercial banks are headquartered in Lagos. It is also the largest Information Communications and Telecommunications (ICT) market in Africa.
Despite facing the challenges that a typical developing country would, like mushrooming population growth, urbanization, environmental pressure and infrastructure demand, Lagos has continued to develop at an impressive rate, with the bulk of its GDP deriving from manufacturing, transportation, construction and retail.
Benefits of Setting Up a Business in Lagos
Starting a business in Lagos has the following advantages:
- Lagos accounts for a considerable economy of Africa, with low dependence on oil mining.
- Lagos is a part of Nigeria, which has a free market economy and a stable political environment.
- The city has skilled and affordable labour, making employment there convenient and inexpensive.
- Lagos has one of the largest and busiest ports in Africa, the Port of Lagos, making it a trade and commerce hub in the continent.
We provide the following services for company formation in Lagos:
- Company incorporation and registration
- Tax and regulatory services
- Company law and secretarial services
- Legal advisory
- Business consulting
Business Setup Worldwide is a platform to help you grow your company internationally. We aid you in realizing your company formation dreams by providing services like company registration, incorporation, tax consulting and company secretarial services. Lagos is one of the most prosperous cities in Africa, and most developed as well. Our approach to company formation is centred around your business vision and objectives. We can help you out with the legal and business formalities of company registration in Lagos, complete with the most appropriate corporate and income tax regime setup, to ensure that your business goes from strength to strength.