In Nigeria, banks have been making it mandatory to obtain a tax identification number (TIN) before opening an account. This is part of the country’s efforts to increase tax compliance and ease tax collection. Banks are also required to get TINs for all existing accounts. The Federal Inland ...
In the United States, there’s not one type of tax ID number to rule them all, however, so having a grasp on the different kinds of tax ID numbers and uses for each is crucial so you can be sure you’ve got the right one. What is a tax ID number? A tax identification number ...
Contact the Bureau of tax in Nigeria and find a number from them. Know what the wants are for a license area unit to manage such a business in Nigeria. You also have to visit the Nigerian office chamber of commerce to make sure that trade barriers and embargoes are not placed with the...
Dropshipping is legal in Nigeria. But remember, with any business, it's important to play by the rules. Make sure you follow all the business and tax regulations in Nigeria to keep things smooth sailing. Advantages of Starting a Dropshipping Business in Nigeria Start Small, Dream Big: Drops...
Forming and operating a nonprofit can be a highly rewarding way to own a small business for someone with big ideas and a socially conscious mindset. Beyond your dreams of shaping a better future for society, the logistics of starting a nonprofit are comp
you are just starting up, expanding your activities, or looking to establish in Nigeria, it is strongly recommended that you use professional advisors to help you with the legal, tax and regulatory complexities. Lex Artifex, LLP. can get you started through every step of the investment process...
Investing in Nigeria THE INVESTOR GUIDE Thank you for your interest in Nigeria as a business location. In this guide, we give you an overview of how to invest in Nigeria based on the questions most frequently asked by foreign investors. Of course, you ca
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In recent years, the number of purchases on international websites has been growing in Brazil. Even so, the tax burden is very high—so high that it can put off potential buyers. However, you or your customer won’t incur any charges for items under US$50. Customs clearance: Brazil...
“We are seeing a growing shift of sales moving to other countries where costs are lower. We have recently opened Tanzania and we will be soon launching in Nigeria,” she said. The high prices of mobile phones are hitting dealers hard as sales have plummeted in recent months leading to ...