What is a resident permit/ when do I need one in Nigeria?
People frequently ask questions like; what is a resident permit anyways? And when do I need one? The answer is not farfetched, it is hereby stated below.
So a residence permit is a document or card required in some regions, allowing a foreign national to reside in a country for a fixed or indefinite length of time. These may be permits for temporary residency, or permanent residency. Therefore, a residence permit is needed to be done in Nigeria when a foreigner wants to reside in Nigeria for a definite or an indefinite period of time.
It is worthy of note at this point that when a person intends both to live and work in Nigeria such a person will need an additional permit which is a business permit.
A business permit must be obtained by foreign nationals before beginning a profession, business or trade in Nigeria. This permit allows for the local operation of a business with foreign interest and this is issued by the Federal Ministry of Interior. Some of the requirements for obtaining business permits in Nigeria include:
• Certificate of Incorporation of the applicant company;
• Copies of the Tax Clearance Certificate of the applicant company;
• Copies of the Memorandum and Articles of Association;
• CAC Forms CO2 and CO7
• Joint Venture/Partnership Agreement where applicable.
• Shareholding of the Company should be a minimum of 10 million.
Team 618 Bees
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