Tag - Foreign investment

Repatriation of Profits in Nigeria

Repatriation of Profits in Nigeria

REPATRIATION OF PROFITS IN NIGERIA Repatriation of profits is the procedure that involves the conversion of a foreign currency to the currency of the country in which one resides in. In Nigeria, there is free entry and free exit movement of foreign investment funds. After payment of relevant taxes, investors abroad can proceed to repatriate their investment along with the proceeds only if the investment was brought under a Certificate of Capital Importation (CCI). However, due to the Central Bank [...]

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