Start a Business

Your Comprehensive Guide to Setting Up a Legal Entity in Nigeria

Business Registration

95%

Tax Identification Number (TIN) & Compliance

90%

Banking & Finance

93%

Legal & Regulatory Framework

93%

Hiring & Employment Laws

93%

Launching a business in Nigeria is straightforward when you understand the steps. This section outlines the incorporation process, including compliance details and critical regulations.

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Throughout this process, InvestHubNigeria is by your side with detailed guides, downloadable resources, and expert consultants ready to answer questions. Our Start-a-Business section includes templates for business plans, incorporation document examples, and tips on navigating bureaucracy efficiently.

Business Registration (CAC)

Register your company with the Corporate Affairs Commission (CAC).
Secure the desired business name and structure (LLC, PLC, etc.).

Tax Identification & Compliance

Obtain a TIN from the Federal Inland Revenue Service (FIRS).
Understand your obligations for VAT, corporate tax, and personal income tax.

Banking & Finance

Open a corporate bank account.
Explore funding options, grants, and possible government loans.

Legal & Regulatory Framework

Acquire any relevant industry-specific permits.
Adhere to labor laws, including work permits and social security.

Hiring & Employment Laws

When you’re ready to hire staff, familiarize yourself with Nigeria’s labor laws and employment regulations. Registering with the appropriate pension scheme (PENCOM) and social insurance (NSITF) for your employees. We offer guidance on fair labor practices, standard employment contracts, and work permit processes for any expatriate employees.