Subsequent to a stakeholder’s engagement aimed at a review of the Expatriate Quota (EQ) handbook in October 2021, the Federal Ministry of Interior (“FMI” or the “Ministry”) issued a.
Sometime ago, I published
Musings I). Originally published in my Taxspectives column in Why
Government Must Acquire a Business Mindset. ), it is
also available as a
LeLaw Thought Leadership Insights
piece amongst others at: www.lelawlegal.com. Subsequently, the
Nigerian Immigration Act, No. 8 of 2015
(IA), was enacted, repealing its predecessor,
IA,
The
Immigration Regulations 2017 issued pursuant to the
IA followed; and most recently, the
Ministry of Interior (MoI) s
Citizenship and Business
Department issued the
Handbook on Expatriate
Quota Administration (Revised 2020) (the
Handbook).
This sequel takes up my argument in
Musings
I that the requirement of Business Permit (BP)
inter alia:
“The services currently available are:
2.1 Grant of [BP]: This is a certificate issued on the authority of the Minister of Interior to wholly foreign owned
or joint venture companies intending to do business in Nigeria to enable them operate legally. The certificate remains valid as long as the company’s operations does not infringe upon the law of the land which may lead to its revocation.
2.2 Amendment of [BP]: This is a facility in which a certificate is issued to reflect changes in a Company’s details/information.”
Its
“[BP] is granted to
N10 million
Para 4.0
(Specific Requirements) sets out that