How to start a business in Nigeria.
Here's a comprehensive guide to starting a business in Nigeria: Pre-Registration Phase 1. Conduct market research and feasibility studies 2. Choose a business structure (sole proprietorship, partnership, limited liability company) 3. Develop a business plan 4. Secure funding (loans, grants, investors) Registration Phase 1. Register with Corporate Affairs Commission (CAC) - Business Name Registration: ₦20,000 - ₦25,000 - Company Registration: ₦50,000 - ₦500,000 2. Obtain necessary licenses and permits - Federal and state government licenses - Local government permits 3. Register for taxes - Value Added Tax (VAT) - Company Income Tax - Personal Income Tax 4. Open a corporate bank account Post-Registration Phase 1. Register with relevant regulatory agencies - Nigerian Investment Promotion Commission (NIPC) - National Agency for Food and Drug Administrati...