

The Nigerian Investment Promotion Commission [“NIPC”] is a regulatory agency in Nigeria which was established by the Nigerian Investment Promotion Commission Act to encourage and promote investment in the Nigerian economy and for all matters connected to this objective. The NIPC co-ordinates and monitors all investment promotion activities, and also promotes investments in and outside Nigeria.
In Nigeria, the NIPC Act requires companies/enterprises with foreign participation to get incorporated with the Corporate Affairs Commission, then register with the NIPC before they commence business operations in Nigeria.
There are numerous benefits that accrue to companies with foreign participation in Nigeria which register with the NIPC. These include:
As aforementioned, Nigerian companies with foreign participation are required to register with the NIPC before they commence business operations in Nigeria. Before commencing registration of your Enterprise with the NIPC, the Enterprise you wish to register with the Nigerian Investment Promotion Commission must have already been incorporated at the Corporate Affairs Commission and you obtained all the necessary documents which you are required to submit together with the necessary forms for your NIPC registration.
To register your enterprise with the Nigerian Investment Promotion Commission, the following documents are required:
By law, the NIPC is required to process and approve an application within fourteen days from the date of submission of the application, but generally the Commission processes and approves them within a faster timeline.
Registration with the NIPC is important for international Enterprises who seek expansion into Nigeria and incorporate their entities in Nigeria with the Corporate Affairs Commission. This helps them to access incentives, become eligible for guarantees provided for under the Nigerian Investment Promotion Commission Act, and unlock other potentials in their operations in Nigeria’s economy. However, Enterprises seeking to register their entities with the NIPC must ensure that they comply with the registration requirements provided for under the Nigerian Investment Promotion Commission Act and other guidelines provided by the Commission, pay the required fees so as not to cause a delay with their application.
It should also be noted that before any company with foreign participation can commence business operations in Nigeria, such company has to apply for and obtain a business permit.
If you are a company with foreign participation about to commence business operations and you would like to register your company with the Nigerian Investment Promotion Commission, we invite you to reach out to us at contact@kabbizlegal.com for strategic guidance on the process. You can also call us on +234864231176, or alternatively click the link here to chat us on WhatsApp. We respond to all business enquiries within twenty-four hours.