Register Branch office in Nigeria
In Nigeria, a Branch office is treated as if it were an ordinary corporation, although it is owned by another company, whether foreign or local. A foreign company’s branch or subsidiary is allowed to do any type of business in Nigeria and is subject to corporate taxation in the same way that a local organization is. As a result, foreign corporations can establish representative offices in Nigeria to promote their businesses. However, such offices are unable to conduct business or enter contracts. Before a foreign investor chooses the best alternative for its business’s exposure, the features described above must be evaluated.
Setup a branch office
We offer comprehensive business solutions. The services include registration, setup, accounting, etc. In addition to regular accounting and compliance functions, we seek to assist international firms in establishing their businesses in Nigeria and obtaining a seamless market entry. Our constant and wide knowledge-sharing approach assists our clients and consumers in making more informed decisions.
Branch office registration conditions
A company’s board must approve the opening of a branch office. As a result, a company must call a board meeting on a specific date and give notice to all directors. A resolution from the board of directors is required to open a branch office.
Required documents
Required documents to register branch office in Nigeria:
- Document for name verification,
- A certified copy of the parent company’s Board of Resolution authorizing the branch office’s creation,
- The parent company’s most recent audited financial statement,
- Certified copies of the parent company’s Articles of Incorporation,
- If relevant, endorsement or clearance from authorized government agencies,
- Acceptance of the appointment by the Resident Agent (if an agent is not the signatory of the application form).
We can guide you through the process of document preparation.
Benefits of Branch office in Nigeria
Opening a branch office can boost a company’s revenues by increasing visibility and brand exposure. A branch office can lower the risk of doing business in the host country by allowing corporations to test products in new markets.
Branch office solutions
In addition to regular accounting and compliance functions, we seek to assist international firms in establishing their businesses in Nigeria and obtaining a seamless market entry.
Our constant and wide knowledge-sharing approach assists our clients and consumers in making more informed decisions.
Ready for the next step
Accelerate your business growth while we take care of everything else.