Africa Common Law
Consumer plays targeting 220M people, Nigeria
Nigeria is Africa's largest consumer market with 220M people, English administrative language, and a common law system. CAC registration under CAMA 2020 takes about a week. AfCFTA gives qualifying Nigerian companies preferential access to 54 African economies.
220M marketCAMA 2020AfCFTA access
Start setup {placement} 4 min · no card required
Corp tax
30%
Fastest setup
3 weeks
Tax treaties
16
Region
Africa
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: NGN 100,000
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 30%
- Effective rate ~34%
- Tax treaties 16
- VAT rate 7.5%
- Withholding on dividends 10%
Key treaty partners
United KingdomFranceNetherlandsBelgiumChinaSingapore
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe not supported
Considerations
If you need predictable USD repatriation
Despite the 2023 to 2024 FX reform unifying CBN windows, dollar liquidity remains thin and large dividend or capital repatriations still require Certificates of Capital Importation and bank approvals. Naira volatility against USD has been substantial since the float.
CBN FX controlsCCI requirementsNGN volatility