Incorporate a Private Limited Company under CAMA 2020 through the Corporate Affairs Commission. Under the Nigeria Tax Act 2025, in force from 1 January 2026, qualifying small companies pay 0% CIT, medium 20%, and large 30% plus a 4% Development Levy. Foreign owned entities require NGN 100M minimum share capital for the NIPC business permit.
When Nigeria is the right call, and when it is not.
Nigeria is Africa's largest single market by population, with the deepest fintech and tech talent base on the continent. A local Ltd is the prerequisite for CBN regulated activity, Paystack/Flutterwave merchant accounts, and PSB licensing.
Sectors on the NIPC list (software, e commerce, healthcare, agriculture, manufacturing) can apply for 3 + 2 year tax holiday under Pioneer Status. Combined with the new 0% small company rate under NTA 2025, early stage runway extends materially.
Pair a Nigeria operating Ltd with a Mauritius or Delaware holding company. The Mauritius DTA (in force) gives 7.5% dividend WHT, useful for pan African M&A and venture rollups.
NIPC requires NGN 100M minimum share capital to issue the Business Permit and expatriate quota for foreign owned companies. That is roughly USD 65,000 to 70,000 at current rates, fully paid in, with a Certificate of Capital Importation on each tranche.
Stripe and Wise do not offer NGN business accounts. The CBN FX window has improved post-2023 reforms but dividend repatriation still requires the original CCI plus full documentation. Plan a multi week window for first remittance.
Working data for Nigeria. Cite check each figure before use.
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Each rate, threshold, and deadline below is cited from an authoritative source.
Information is provided for general guidance and reflects tax year 2025 unless noted. Specific situations require advice from a local practitioner. Always confirm against the cited tax authority and registrar before relying on a figure.