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Table of Contents
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Can You Legally Own a Business in Nigeria While Living Abroad?
Remote Ownership Is Not the Same as Passive Ownership
Begin With a Proper Feasibility Study
Separate Ownership, Governance and Management
Ownership
Governance
Management
Choose the Right Local Manager
Build a Management Dashboard
Establish Strong Financial Controls
Monitor Cash Without Creating a Cash-Only Business
Use Technology, but Do Not Mistake Surveillance for Management
Create Standard Operating Procedures
Set Performance Targets, Not Vague Expectations
Control Inventory and Business Assets
Verify Reports Independently
Manage Tax, Corporate and Regulatory Compliance
Transfer Investment Capital Properly
Protect Yourself With Shareholder and Partnership Agreements
Create a Policy for Related-Party Transactions
Pay Managers Properly and Incentivise Performance
Maintain an Emergency and Continuity Plan
Visit the Business Strategically
Common Mistakes Diaspora Business Owners Make
A Practical Remote-Ownership Structure
Why You Need a Local Business Development Service Provider
Work With Dayo Adetiloye Business Hub
Contact Dayo Adetiloye Business Hub
Prepare the Business for Funding
→
Index
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