a)
Law: Companies and
Allied Matters Act (CAMA), Cap C20 LFN 2004:
Relevance: Incorporation of
Nigerian companies.
b)
Law: Nigerian
Investment Promotion Commission Act, CAP NII7, LFN 2004:
Relevance: Showcases investment opportunities in Nigeria and how to invest in
all sectors of the country as well as Registers a foreign company after
incorporation in Nigeria and before start of business.
c)
Law: Investment Securities Act (ISA) 2007:
Relevance: Creates the
Securities and Exchange Commission which regulates the registration of
securities, records of Foreign Portfolio Investment and Foreign Direct Investment
as well as regulation of capital market
d)
Law: Immigration Act:
Relevance: Regulates the entry
of aliens into the country and supervises and grants visa, Business Permits,
Residence permit, expatriate quota and work permit.
e)
Law: National Agency
for Technology Acquisition Promotion Act:
Relevance: Registration of
technology transfer from foreigners to their partners in Nigeria.
f)
Law: Foreign Exchange
(Monitoring & Miscellaneous Provisions) Act:
Relevance: Regulates capital importation through an authorised Dealer to do
business legitimately without flouting the Money Laundering laws. Licenses
authorised capital dealer, minimum share capital and how regularly to renew your
licence and issues Certificate of Capital Importation
g)
Law: Companies Income
Tax Act (CITA):
Relevance: Regulates the taxation of company operating in Nigeria.
h)
Law: Customs &
Excise Management Act:
Relevance: Regulates
importation and exportation of goods.
Imposes import & export duties
i)
Law: Industrial
Inspectorate Act:
Relevance: Provides incentives and reliefs for those investing in the
manufacturing sector.
j)
Law: Constitution of
Federal Republic of Nigeria:
Relevance: Regulates every business activity in Nigeria and provides for the
prohibition of compulsory acquisition without prompt compensation in section 44(1) thereof and the
protection of the right to own property (whether by a Nigerian or alien)
k)
Law: Central Bank Act
and Banks and Other Financial Institutions Act
Relevance: Regulates the
operations and licencing of banks, Bureau de Changes and microfinance banks in
Nigeria.
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