Importer of Record Services in Nigeria

Importer of Record Services in Nigeria IMPORTER OF RECORD SERVICES IN NIGERIA  Industrial Renaissance provides overseas companies and multinationals with a full importer of record services in Nigeria through which the team does the following: Carry out a full legal compliance assessment; Identify Nigerian import permits, licenses or compliance requirements; Obtain necessary documentation, import licenses and permits as required in Nigeria; Prepare filings to the Nigerian Customs, tax authorities and other relevant government agencies; Pay the assessed import duties and taxes on clients’ behalf on the goods imported; Provide storage and warehousing services in Nigeria, if required by client; Provide all local support required to clear shipments; Perform the last-mile delivery to the end user in Nigeria. TRANSACTIONS THAT REQUIRE IMPORTER OF RECORD SERVICES IN NIGERIA The following transactions require importer of record services in Nigeria: Shipping of consumer products, pharmaceutical products, industrial equipment, service parts, etc. to a Nigerian branch or representative office in Nigeria that is not registered for tax purposes in Nigeria; Shipments to customers in Nigeria who do not have import permits in Nigeria. ADVANTAGES AND BENEFITS: Industrial Renaissance Importer of Record (IOR) services save clients the costs of establishing legal entities in Nigeria, as well as the costs of rent or acquisition of office space and warehouse, staff salary, taxes, pensions, hardship allowances, etc. We performs compliance assessment to define import restrictions (import licenses, import permits, and certification requirements), as well as acquisition process and timeline for permits and certification, customs taxes, duties and charges. If your company doesn't have a physical presence in the Nigeria, this can cause you many unwanted complications and expenses. Importer of Record services as provided by Industrial Renaissance Ltd. can offer representation as your company's officially recognized legal entity in Nigeria.   For enquiries, please, contact a member of our team directly, WhatsApp +234 818 701 9206, or email at invest@indusren.com.

Importer of Record Services in Nigeria Industrial Renaissance provides overseas companies and multinationals with a full importer of record services in Nigeria through which the team does the following: Carry out a full legal compliance assessment; Identify Nigerian import permits, licenses or compliance requirements; Obtain necessary documentation, import licenses and permits as required in Nigeria; […]

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Nigeria: African Development Bank approves US$100 million for expansion of fertilizer production

NIGERIA: AFRICAN DEVELOPMENT BANK APPROVES US$100 MILLION FOR EXPANSION OF FERTILIZER PRODUCTION The African Development Bank has approved US$100 million senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals Limited, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum. The Bank’s […]

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Op-Ed: Why the world should follow China and invest in Africa ’s future

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OP-ED: WHY THE WORLD SHOULD FOLLOW CHINA AND INVEST IN AFRICA’S FUTURE Hendrik du Toit, co-CEO of Investec Group argues African economies have been resilient and the continent’s long-term growth story – particularly green growth – remains compelling to invest in Africa. By Hendrik du Toit is co-CEO of Investec Group I remember a time, over 20 years ago now, when virtually […]

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Importer of Record (IOR) in Nigeria

Importer of Record Services in Nigeria IMPORTER OF RECORD SERVICES IN NIGERIA  Industrial Renaissance provides overseas companies and multinationals with a full importer of record services in Nigeria through which the team does the following: Carry out a full legal compliance assessment; Identify Nigerian import permits, licenses or compliance requirements; Obtain necessary documentation, import licenses and permits as required in Nigeria; Prepare filings to the Nigerian Customs, tax authorities and other relevant government agencies; Pay the assessed import duties and taxes on clients’ behalf on the goods imported; Provide storage and warehousing services in Nigeria, if required by client; Provide all local support required to clear shipments; Perform the last-mile delivery to the end user in Nigeria. TRANSACTIONS THAT REQUIRE IMPORTER OF RECORD SERVICES IN NIGERIA The following transactions require importer of record services in Nigeria: Shipping of consumer products, pharmaceutical products, industrial equipment, service parts, etc. to a Nigerian branch or representative office in Nigeria that is not registered for tax purposes in Nigeria; Shipments to customers in Nigeria who do not have import permits in Nigeria. ADVANTAGES AND BENEFITS: Industrial Renaissance Importer of Record (IOR) services save clients the costs of establishing legal entities in Nigeria, as well as the costs of rent or acquisition of office space and warehouse, staff salary, taxes, pensions, hardship allowances, etc. We performs compliance assessment to define import restrictions (import licenses, import permits, and certification requirements), as well as acquisition process and timeline for permits and certification, customs taxes, duties and charges. If your company doesn't have a physical presence in the Nigeria, this can cause you many unwanted complications and expenses. Importer of Record services as provided by Industrial Renaissance Ltd. can offer representation as your company's officially recognized legal entity in Nigeria.   For enquiries, please, contact a member of our team directly, WhatsApp +234 818 701 9206, or email at invest@indusren.com.

Importer of Record (IOR) in Nigeria IMPORTER OF RECORD (IOR) IN NIGERIA Importer of Record in Nigeria (IOR) is the entity that assumes the responsibility for legally importing goods into the Nigerian territory, paying duties, tariffs, and fees, and ensuring they are properly valued and documented. Industrial Renaissance provides a comprehensive range of importer of […]

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Nigeria’s Lekki Free Trade Zone Gains N4.55tr in Investment Inflow

Lagos State Government of Nigeria has said investment in the Lekki Free Trade Zone has hit about N4.55 trillion. Commissioner for Commerce, Industry and Cooperatives, Rotimi Ogunleye told journalists yesterday in Alausa that the investment includes N3.35 trillion ($11 billion) from Dangote Group and N1.2 trillion ($4billion) from other investors. Ogunleye said about 116 investors […]

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Shandong Wuzgen Group Targets Akwa Ibom State – Nigeria for Plantation Development

Akwa Ibom State government of Nigeria says a technology-based agricultural firm, Shandong Wuzgen Group, has arrived in the state to invest in the agric sector. Commissioner for Agriculture and Natural Resources, Dr. Charles Inyang, who spoke after an interaction between the directors of the firm and Governor Udom Emmanuel, said the state government was determined […]

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Local miners to benefit from N30bn intervention fund

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Operators in Nigeria’s mining industry will benefit from the N30bn Mining Intervention Fund approved by the Federal Executive Council, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Fayemi said this while inspecting quarrying facilities at CIBI Nigeria Limited’s quarry site in Buruku, Kaduna State, according to a statement issued in Abuja […]

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OPEN FOR BUSINESS: Nigeria Eases Immigration Processes For Business Travellers, Tourists To Boost Economy

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The Federal Government of Nigeria has reviewed the visa processes for foreigners who wish to visit Nigeria for business and tourism purposes, with a view to removing bureaucratic bottleneck and encouraging business travellers and tourists, thus giving a boost to the economy. In a statement issued in Lagos on Sunday, the Minister of Information and […]

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MTN Nigeria edges closer to 2017 stock market listing

The Nigerian Stock Exchange (NSE) is working with MTN to list the company’s local arm by the end of 2017, Reuters reported. Speaking at a business conference yesterday, NSE CEO Oscar Onyema said the “pressure on MTN has never been higher to list,” adding the company was working with officials to confirm the details, the […]

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China Plans Fresh $40bn Investments in Nigeria

The Chinese Foreign Affairs Minister, Wang Yi, has disclosed plans by the Chinese government to invest up to $40b in Nigeria as part of efforts aimed at deepening relations between the two countries. The amount, which was announced by the minister during a joint briefing with his Nigerian counterpart yesterday in Abuja was in addition […]

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