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”.