Is a foreigner required to satisfy special requirements for company incorporation in Nigeria? Yes. This is because any company with foreign participation cannot be categorized as a small company, which enjoys many exemptions from some of the incorporation requirements in Nigeria.  Prior to the enactment of the Companies and Allied Matters Act, 2020 (“CAMA 2020”), the old Nigerian company law (i.e. CAMA 1990) required that a private company must be incorporated with a minimum of two directors, two shareholders (one of whom must be an adult Nigerian) and a company secretary, amongst other requirements.  However, as part of the Federal … Continue reading COMPANY REGISTRATION IN NIGERIA: WHAT FOREIGNERS MUST KNOW ABOUT LOCAL DIRECTORSHIP AND SHAREHOLDER REQUIREMENTS