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Nigeria Introduces New Legal Forms of Doing Business and Other Company Changes Including Beneficial Ownership Register Requirements

|Approved Changes|Nigeria
Nigeria

Nigeria has introduced changes through the Companies and Allied Matters Act 2020 (CAMA 2020), which was signed on 7 August 2020 and repeals the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004. This includes the introduction of new legal forms of business through which a person can invest in Nigeria. In addition to the already existing forms, a person can now set up a private company with a single shareholder, a limited liability partnership, or a limited par…

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