Apart from the oil and gas sector which remains the mainstay of Nigerian economy, the technical knowhow of expatriates are also needed in other budding sectors of the Nigerian economy such as tourism, mining, agriculture, manufacturing, power, real estate, construction, cable television and telecommunication. For expatriates to carry on their businesses in Nigeria some legal issues arises and same must be effectively dealt with to ensure smooth running of their businesses. The issues include;
- Registration of the expatriate's business in Nigeria and securing a convenient place of business for the expatriates;
- Advice on formalities and documents for application of Nigerian Visa, Work and Resident Permits and petition on matters arising thereto;
- Ensure the Employment Agreement of the expatriate conforms with Nigerian immigration, labor, tax, social security law and other relevant legislations;
- Advice on government policies and regulations on the expatriate's business as well as technical or legal hitches the expatriate may encounter in the course of its business;
- Advice on tax holiday and concessions in the expatriate's business;
- Identify Nigerian legislations which provide for employment and training of Nigerian employees by the expatriates;
- Advice the expatriate whether it is more advantageous and cheaper for the expatriates to employ and train Nigerian employees instead of bringing in more expatriates;
- To estimate the overall labor costs the expatriates will bear in respect to its employees, taxes, social security contribution and medicare costs and other charges under Nigerian law.
This will not only protect the expatriate from avoidable litigation, it will guide the expatriate in carrying on its business and protect his investment in Nigeria.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.