Talking Legal Regulatory Edition: TEMPLARS and Corporate Affairs Commission Nigeria

They cover the minimum share capital requirements for foreign companies and recent updates to the Companies Registration Portal (CRP), which aims to streamline business registration processes. Hussaini, clarifies new provisions under CAMA 2020, such as the framework for single-shareholder private companies, increasing share capital through allotments, and the mandatory disclosure of Persons with Significant Control to bolster corporate transparency.

The discussion closes with insights on the inclusion of foreign corporate partners in Nigerian limited liability partnerships (LLPs), designed to support cross-border investments while adhering to local regulations.

Key Points from the discussion:

[00:00 – 02:15] Introduction to Foreign Investment Regulations
Overview of the regulatory landscape for foreign companies.

[02:15 – 06:30] Minimum Share Capital for Foreign Participation
Requirements for foreign investors to meet capital thresholds.

[06:30 – 11:45] Enhancements to the Companies Registration Portal (CRP)
CAC’s efforts to streamline registration through technical improvements.

[11:45 – 17:00] Single-Shareholder Private Companies
Section 571(c) of CAMA 2020 and its implications.

[17:00 – 22:30] Increasing Share Capital by Allotment
Guidance on capital flexibility under CAMA 2020.

[22:30 – 27:15] PSC Disclosure Requirements
Transparency in corporate governance with significant control disclosures.

[27:15 – End] Foreign Corporate Partners in LLPs
Regulations on including foreign partners in Nigerian LLPs, enhancing international partnerships.