Designing a Fintech Compliance Strategy: Strategic Considerations for African Fintechs
We analysed data, facts and legislation surrounding 33[1] regulatory actions taken against financial technology (Fintech) companies by Fintech regulators across Europe, US..
Payment Service Fintech Companies: Competing Fairly with your Merchants?
Payment service fintech companies (PSPs)[1] in Nigeria could be at risk of legal and regulatory liability if they pivot to products or services which are in competition with ..
Has a Founders’ Agreement Lost its Value?
[vc_row][vc_column][vc_column_text]Here are some of things we have learnt. If you are looking for a partner to build a tech business, the contractual foundations of your tech business are as important as building the product itself. At the core of a business relationship...
The Methodology of a Useful Data Privacy Audit – Key Considerations for Nigerian Companies
February 28, 2020 We recently shared a Data Privacy Compliance update within our client network and would like to share a few points from the update, which is based on a recent data privacy audit that we conducted for a...
New Income Tax on Global Technology Companies in Nigeria
Facebook, Twitter, Amazon, Alibaba, Netflix, Tencent and other global technology companies will now be subject to income tax in Nigeria. In its 2019 Finance Act ..
Financing Music & Entertainment in Nigeria: Some Strategic Considerations
The Central Bank of Nigeria (CBN) on July 1, 2019, issued the Modalities for the Implementation of the Creative Financing Industry Initiative (the “Modalities”).
Delaware Tax Compliance for Start-Ups
As you may already be aware, setting up a holding company in Delaware , usually a C-Corp (Delaware HoldCo) may expose shareholders and your Delaware HoldCo to some level of tax liability. Here are just some key compliance points to...
RideHailing Business in Lagos: Some Business Considerations
The market for ridehailing in Lagos is huge but founders would need to come to terms with the intricacies of a fairly complex industry, especially in the light of the political and commercial interests of the Lagos State Government in...
Bitcoin & Cryptocurrency Law and Regulation in Nigeria
January 11, 2018 The google analytic which revealed that the most Google searches, globally, for the word ‘bitcoin’ in 2017, came from South Africa and Nigeria, respectively, is perhaps the last & connecting puzzle piece of a growing economic constant,...
Offshore HoldCos as Investment Vehicles for Technology Start-Ups in Nigeria – Some Practical Considerations for Tech Founders and VC
July 25, 2017 Delaware flips are now increasingly common locally. We estimate that up to 70% of the tech start-ups that have raised seed financing or looking to raise seed financing in Nigeria have had to incorporate offshore holding companies...