Can a foreigner fully own a company in Nigeria? Yes. Foreigners are now free to set up and fully own a company in Nigeria in several sectors of business with zero or minimal restrictions except for those businesses on the Negative List. Except for some regulated sectors, a foreigner can subscribe to all the shares of a Nigerian company. Is physical presence of a foreigner required in Nigeria as a condition for company registration? No. Foreigners can complete the process of incorporation of their Nigerian company and open a corporate bank account without having to be physically present in Nigeria. … Continue reading FAQs ON HOW FOREIGNERS CAN SET UP A COMPANY IN NIGERIA