FG to seek review of $35k business registration fee for Nigerians in Egypt

FG to seek review of $35k business registration fee for Nigerians in Egypt.

Nigeria’s Minister of Information and Culture, Lai Mohammed has disclosed that the federal government will look into the possibility of seeking a review of the $35,000 fee requested by Egypt from foreigners to operate a business enterprise in the country.
This was disclosed by the information minister during a recent meeting with the Nigerian community in Cairo, Egypt’s capital.

There are different fees for registering various categories of businesses in Egypt, including a limited liability company (LLC) nominee option said to cost $34,350.
The LLC alternative is said to be the most common in Egypt and can be 100% foreign owned”.

New Category news

NDLEA arrests mother of three, recovers 12 wraps cocaine inserted in her private parts

Operatives of the National Drug Law Enforcement Agency, NDLEA, have arrested a Nigerian women based in Brazil on Friday, July 30, recovered 12 wraps cocaine inserted in her private parts while 88 pellets stuffed in socks where discovered hidden in her handbag.

During interrogation, Mrs. Ogbonna who is a mother of three children, a resident in Brazil, claimed she lost her husband three years ago.

She confessed she decided to traffick the illicit drug to raise money for the burial of her father scheduled for 22 July in Imo state.