Focus on your business and let AutoComply handle your taxes for you. Get started with AutoComply today by visiting autocomply.norebase.com

Get the cheapest deal when you register your POS business on Norebase before July 7. Your business registration documents will be ready in 3 - 5 days. Don't sleep on this deal. Get started here: https://www.pos.norebase.com?utm_source=nairaland&utm_medium=referral[color=#000099][/color]

The FMCG industry is among the most highly regulated industries in Nigeria. Using AutoComply, you can seamlessly navigate all your compliance requirements needed to stay on the right side of the law. Visit https://autocomply.norebase.com?utm_source=nairaland&utm_medium=referral to get started today

AutoComply is a comprehensive compliance solution that helps prevent money laundering via its AI powered PEP screening, automate tax filing processes, collaborate with distributed compliance teams and seamlessly discover your compliance obligations in every country you own a business. Get started today at https://autocomply.norebase.com?utm_source=nairaland&utm_medium=referral

As a company licensed by the Nigerian Communications Commission (NCC) to operate in the telecommunications industry in Nigeria, you should expect the NCC to periodically assess your compliance with license terms, conditions and regulatory obligations through monitoring exercises.
This article provides an overview of what you need to know to run a successful telecoms business
https://blog.norebase.com/regulatory-compliance-requirements-for-nigerian-telecommunications-commission-licensees/

If you run a fintech or you're thinking if starting one, you should consider using AutoComply to ensure your taxes and general compliance obligations are completely covered. AutoComply is a comprehensive software by Norebase that helps with automating tax filing processes, collaboration, discovery of new regulations and much more

Every company needs to grow if it wants to survive. With growth comes the challenges of operating successfully in new markets while staying compliant with regulations.

Some companies may choose to outsource compliance via a Merchant of Record platform while others would become their own Merchants of Record.

The compliance option you choose depends largely on your long-term goals. Whatever that option is, autocomply.norebase.com is the platform to handle your complex compliance needs.

Here are the features of AutoComply

Discovery Dashboard
The initial step in grasping compliance involves identifying the specific requirements for your company. AutoComply’s discovery dashboard accomplishes this by displaying obligations relevant to your company based on its country of incorporation, company type, and industry.
It also supports multiple company discovery, allowing users to switch between companies or view all obligations at once through the obligation planner view.

Automated Task and Sub-task Tool
Government-imposed obligations typically require the submission of forms or documents. Assigning a single team member to collect and maintain the specifics for each obligation can lead to human errors and missed deadlines over time. AutoComply addresses this issue by enabling collaborative document completion.

Admins can assign specific tasks for obligations to team members, and AutoComply automatically generates the necessary documents for submission to regulatory authorities or government agencies.

Alerts via Email, Slack, and Teams
Timely compliance is essential, and AutoComply helps teams stay informed about upcoming obligations with real-time alerts delivered via email, Slack, and Microsoft Teams. Users also receive email summaries of all pending obligations.

Document Management System
As demonstrated by the features mentioned earlier, compliance obligations generate various documents. AutoComply assists teams in managing these documents by automatically archiving them in smart folders matching the obligation, reference, and month of generation. Users can also create their folders and upload external documents.

Ancillary Features like PEP and Sanction Screening
In addition to standard compliance obligations, some companies may need to handle specific tasks such as Politically Exposed Persons screening or monitoring sanction watch lists for their customers. AutoComply offers the capability to perform these functions through a third-party integration with a global Know-Your-Customer (KYC) provider as part of its comprehensive suite of services.

Simplified Payment Processing
As the MoR, AutoComply handles local payment collection and shields your business from complexities like currency exchange rates and foreign tax withholding.

Funds are delivered to your bank account in your home currency to streamline bookkeeping. And our customer service team is available to resolve any issues that may arise.

Try out AutoComply today to stay compliant as your business grows

Nigeria recently implemented the Expatriate Employment Levy (EEL), a policy aimed at addressing the complex interplay between foreign expertise and local employment opportunities. This article explores the key aspects of the EEL, its intended goals, and the potential implications it may hold for both businesses and the Nigerian workforce.
The Rationale Behind the Levy
The EEL was introduced by President Bola Tinubu with the aim of achieving several objectives:
Boosting Employment for Nigerians: The levy aims to incentivize companies to prioritize qualified Nigerians for open positions. This, in turn, could lead to a decrease in unemployment and an increase in skilled professionals within the local workforce.
Bridging the Wage Gap: The EEL hopes to create a situation where companies find hiring qualified Nigerians more attractive due to the cost associated with employing expatriates. This could potentially lead to a narrowing of the wage gap between local and foreign professionals.
Revenue Generation: The fees collected from the levy will contribute to government revenue, which can be used to fund various development initiatives.
Promoting Knowledge Transfer: The EEL might encourage companies to invest in training and development programs for their Nigerian employees, facilitating knowledge transfer from expatriates to the local workforce.

To know how it affects your business and the fees for each category, read more here
https://blog.norebase.com/the-new-expatriate-employment-levy-everything-you-need-to-know/

CBN Dissolves the Board and Management of Union Bank, Keystone Bank and Polaris Bank. Read the full story here:

https://blog.norebase.com/cbn-dissolves-the-board-and-management-of-union-bank-keystone-bank-and-polaris-bank/?campaignId=thoughtleadership

SMEDAN is a government agency that subsidizes the cost of setting up businesses for small and medium enterprises in Nigeria. Learn how you can benefit from it here https://blog.norebase.com/smedan-a-comprehensive-guide/?campaignId=nairaland

Dropshipping can offer budding entrepreneurs immense opportunity, including earning in dollars from an international market, but it also comes with risks if not properly optimized. Here are a few ways to optimize your dropshipping funnels for maximum impact.

1. Stay ahead of the curve by researching and identifying trending products in your niche. Use tools like Google Trends, social media platforms, online marketplaces, and AI chatbots to gauge the popularity and demand for specific products. Look for items with consistent or growing interest over time to ensure a sustainable market for your dropshipping venture.

2. Analyze Profit Margins: While passion for a product is crucial, profitability should also be a key consideration. Evaluate the potential profit margins of each product by factoring in the cost of goods, shipping fees, marketing expenses, and any additional overheads. Choose products that offer a healthy profit margin to sustain your business and allow for future growth.

3. Perhaps the most important aspect of any business is being able to earn in a stable currency. One of the best and most widely accepted payment gateways is Stripe. Stripe lets you receive payments from your clients around the world. Norebase lets you open a Stripe account even in countries unsupported by Stripe when you register your dropshipping business in the US.

One of the biggest barriers that Nigerians face when doing business internationally is the fact that we operate from Nigeria. The best way to navigate this challenge is by operating from the US because everyone trusts US businesses. That's where Norebase comes in. Norebase can get you a US bank account which you can use to open a Stripe account. Stripe is the leading payment service in the world. You can use Stripe to receive payments from Shopify if you have an online store, or from Amazon if you do affiliate marketing. You can even use Stripe to receive payments from your own website by integrating it. Learn everything about setting up a Stripe account as a Nigerian. You will be glad you din. Read the full article here:

https://blog.norebase.com/how-to-use-stripe-in-unsupported-countries/

Learn how to set up a Stripe account from Nigeria and accept payments from across the world in dollars. With a Stripe account, you can ruin an international dropshipping business on Amazon, Ecwid, and so much more while receiving your payments in dollars. Read the article to learn more.
https://blog.norebase.com/how-to-use-stripe-in-unsupported-countries/

Learn all you need to know about dropshipping. From using the right platform, to getting your first set of customers to using digital ads to promote your stuff. Get it all here and thank me later.
https://blog.norebase.com/the-complete-guide-to-dropshipping-in-nigeria-in-2023-using-a-u-s-bank-account/?campaignId=nairaland

Here's a guide to dropshipping that can help beginners and experts make up to $1000 monthly
https://blog.norebase.com/the-complete-guide-to-dropshipping-in-nigeria-in-2023-using-a-u-s-bank-account/?campaignId=nairaland

SMEDAN is the Small and Medium Enterprises Development Agency of Nigeria. It is one of the most important government structures that supports small businesses with access to loans, free business registrations and so on. Learn more about SMEDAN here
https://blog.norebase.com/smedan-a-comprehensive-guide/?campaignId=nairaland

Here's a complete guide to registering your business in Nigeria. Whether sole proprietorship, partnership, or limited liability company, come learn what it all means and what business structure suites your business type.
https://blog.norebase.com/the-complete-guide-to-business-registration-in-nigeria/?campaignId=nairaland

Here's a full guide to dropshipping in Nigeria using a US bank account

https://blog.norebase.com/the-complete-guide-to-dropshipping-in-nigeria-in-2023-using-a-u-s-bank-account/?campaingId=nairaland

Delaware is one of the most popular states in the United States to incorporate a business. This is due to its favourable business laws, which make it an attractive place to do business. Delaware offers a number of benefits that make it a good choice for businesses of all sizes.

Creators and businesses in many parts of Africa cannot receive funds through global payment systems like Stripe because Stripe does not support those countries. With a Delaware entity, creators can benefit from X’s Ad Revenue Sharing Program because they will get an EIN which is needed to open a Stripe account
In addition to the benefits of incorporating in Delaware, there are also a number of benefits to incorporating with Norebase. These benefits include:

Affordable: Norebase charges a fee of $450 to incorporate a Delaware company. This is significantly cheaper than the fees charged by other incorporation services and law firms.

Half the time spent: Norebase can incorporate a Delaware company in as little as 3 - 5 days. This is significantly faster than the time it takes to incorporate a company through other services.

Frictionless process: Norebase's incorporation process is simple and easy to follow. This makes it easy for businesses to incorporate their company quickly and efficiently.

Read more here
https://blog.norebase.com/why-you-should-incorporate-a-delaware-company-with-norebase/?campaignId=nairaland

@NairalandAngel the process starts with getting a US business registered. That takes about 3 - 5 days on Norebase. Once you have that, you can open a US bank account which enables you to get a Stripe account. There are more details in the article here
https://blog.norebase.com/x-ads-revenue-program-how-to-get-a-stripe-account-in-nigeria-using-norebase/?campaignId=nairaland

Here's the gist. Currently in Nigeria, you can't open a Stripe account. But Stripe is the only payment method accepted by Twitter ad revenue program. If you want to benefit from the Twitter revenue program and you meet the other criteria, here's a guide on how you can open a Stripe account legally in Nigeria
https://blog.norebase.com/x-ads-revenue-program-how-to-get-a-stripe-account-in-nigeria-using-norebase/

Want to learn how to 10x your business growth? Check out these tips

https://blog.norebase.com/10-business-growth-strategies-for-smes/

Make $100s of dollars by doing dropshipping with a US bank account
https://blog.norebase.com/the-complete-guide-to-dropshipping-in-nigeria-in-2023-using-a-u-s-bank-account/

Check this out if you'd like to register your business online by yourself. Zero stress
https://blog.norebase.com/how-to-register-any-business-online-a-frictionless-solution/?campaignId=nairaland

If you're based in Nigeria then you must have faced the limitations of not being able to open a Stripe account. Well that's a thing of the past, If you're a creator who wants to earn from the Twitter ads revenue sharing program then you need a Stripe account. Also, if you simply want an easy way of getting paid in dollars you need a Stripe account. Here's a step by step guide that will show you how to legally open a Stripe account in Nigeria
https://blog.norebase.com/x-ads-revenue-program-how-to-get-a-stripe-account-in-nigeria-using-norebase/?campaignId=FB

Value Added Tax (VAT) is a consumption tax that is ultimately paid by the end consumer of goods and services. It is incorporated into the price paid, and sellers are obliged to include the VAT amount as a separate item on the tax invoice. They collect this amount along with the price of the goods and remit it to the government

All businesses that meet certain thresholds are required to register for VAT and charge VAT on taxable goods and services. In this article, we will explore the process of registering for VAT in Nigeria.

VAT rate: The VAT rate in Nigeria is 7.5%.

Value Added Tax (VAT) is a consumption tax that is ultimately paid by the end consumer of goods and services. It is incorporated into the price paid, and sellers are obliged to include the VAT amount as a separate item on the tax invoice. They collect this amount along with the price of the goods and remit it to the government

All businesses that meet certain thresholds are required to register for VAT and charge VAT on taxable goods and services. In this article, we will explore the process of registering for VAT in Nigeria.

VAT rate: The VAT rate in Nigeria is 7.5%

Read the full article here:
https://blog.norebase.com/vat-in-nigeria-everything-you-need-to-know/?campaignId=nairaland

Yes, it would work, That's a more stressful route sha. But yeah it'll work. To receive payments, I use an account created for me by Norebase. When you register a US company, they'll help you get a U.S bank account. You can connect that account to Stripe and receive money via Stripe

Welcome to the world of dropshipping in Nigeria, where you can build a profitable e-commerce business without the need for inventory or a physical store.

If you saved just $250 two weeks ago at an exchange rate of ₦850/$1, today, at an exchange rate of ₦930/$1, you would have made ₦20,000 on your savings alone! Now imagine if you had a way of earning consistently in dollars,

Let me give you a step by step breakdown of how to be successful from the comfort of your home. I'm also available to answer all your questions. Let's go!!!!!!!!!!!!!

What Is Dropshipping?
Dropshipping is a lucrative online business model that lets you sell products without holding any inventory. By using a U.S business bank account, you can order products in bulk from affordable suppliers across the world and sell them to customers in Nigeria.

By following this complete step-by-step guide you can become a successful dropshipper in a matter of weeks!
1. Choose a Profitable Niche
The first step is to choose a niche—a specific category of products you want to focus on selling. Defining your niche helps you target the right customers and build expertise. Some good niches for dropshipping in Nigeria include fashion accessories, electronics, kids' toys, health, beauty, home and kitchen items. Focusing on a popular niche gives you a built-in audience.
2. Find Trending Products
Once you've settled on a niche, find trending bestselling products within it. Use tools like Google Trends and Amazon to spot popular search terms and top-ranked items. Select products with good reviews and reasonable shipping times. You should also pick products that have a stable demand and manageable competition to ensure a steady stream of customers in the long-term.
3. Set Up Your E-commerce Store
Selecting the right e-commerce platform is crucial for running a successful dropshipping business. Shopify is a popular choice that offers user-friendly features, customization options, and seamless integration with various third-party apps and payment gateways. Additionally, consider using QShop, a Nigerian e-commerce site builder that allows you to set up an online store easily and earn in dollars. You can set up a QShop account for free.

When you set up either a Shopify or QShop account, you will need a U.S business bank account to receive payments in dollars. You can get a U.S account set up when you register your U.S business at https://norebase.com/?campaignId=Nairaland
4. Find Reliable Suppliers
Search for dropshipping suppliers on platforms like AliExpress, Worldwide Brands, Alibaba, Spocket, and Modalyst. Compare suppliers based on costs, delivery time, product range, and reliability. Test orders first before fully integrating any supplier.

5. Market Your Store
To sustain your business beyond friends and family, run marketing campaigns on platforms like Facebook, Instagram, Nairaland, and relevant WhatsApp groups. Strategically distribute graphic-heavy content that promotes your products and brand. Nairaland ads can help you reach more potential customers.

The best thing about marketing your online store in this day and age is AI. In minutes, you can create free stunning designs using Canva, Adobe Firefly, or Microsoft Designer. You can write compelling sales copy using ChatGPT. There’s no excuse for failure.

As you grow, you may want to automate order processing by installing a Shopify app like Oberlo to automate. The app will automatically send customer orders to your suppliers for fulfilment. This saves you time on manually processing each order.

6. Regulate Your Supply Chain
Ensure fast delivery by choosing a product and supplier where you can get orders to customers within 5 - 7 days. Speed is essential in dropshipping so optimize your process for this. The faster your process, the more customers you will get.

7. Regulate Your Margins
As a dropshipper, aim to have wide enough profit margins of at least 30-50% for top-selling items. Regularly assess your numbers and make adjustments where needed to maximize income.

Start today. Start by getting your business registered in the U.S at https://norebase.com/?campaignId=Nairaland

Come register your Nigerian company on [url]Norebase.com[/url] . It's affordable and fast. Plus their customer care is very responsive so you'll know what's happening at every step of the way. In 7 days or less, you'll have your company incorporation done.

Sure, you can check out norebase.com. The process is seamless and can be done online. It costs about $450. They also have lawyers just in case you need advice

Here's the registration process https://blog.norebase.com/register-your-company-in-the-u-s-in-5-easy-steps/

I read this really long article that describes the intricacies involved in soliciting investments as a US company. Here's the article https://www.newburnlaw.com/securities-implications-with-soliciting-investors

It's not just for Delaware startups as a whole, it's for U.S registered startups. This is just one of the 100 reasons why this startup registration thing needs to be done with trusted companies who have security law experts to advise you.

With the way Twitter changed to X, legal battles are brewing, Microsoft has the "X" and other companies have trademarks relating to X. The only fighting power they have is that they have trademarks.

If you need to trademark your business, you can check this out
https://blog.norebase.com/trademark-registration-in-nigeria/