CIM bank demanding substance, any advices?

[Martin Everson]

Nigeria will be way cheaper than Kenya I think is you avoid Lagos or Abuja. You can get university graduates to work for you for for under $100 a month. When you think a police officer gets $130 a month salary. It's a good wage to pay a graduate. You can get an office of 10 workers for under $1,000 a month.

If you spend more than $80 on an office then you got robbed.

P.S Well its Nigeria so your business will be unbankable to international banks but local international banks like Standard Chartered etc will work fine I suppose smi(&%. In terms of banking, merchant processing they are advanced with many options.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JackAlabama]

Martin Everson said:
Nigeria will be way cheaper than Kenya I think is you avoid Lagos or Abuja. You can get university graduates to work for you for for under $100 a month. When you think a police officer gets $130 a month salary. It's a good wage to pay a graduate. You can get an office of 10 workers for under $1,000 a month.

If you spend more than $80 on an office then you got robbed.

P.S Well its Nigeria so your business will be unbankable to international banks but local international banks like Standard Chartered etc will work fine I suppose smi(&%. In terms of banking, merchant processing they are advanced with many options.
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Good take on Nigeria.
They are also quite active and not that laid back. So it is easy to move fast.

 

[Martin Everson]

JackAlabama said:
Good take on Nigeria.
They are also quite active and not that laid back. So it is easy to move fast.
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Their tax law also means you can live there tax free if you have foreign investment income you bring into the country 😉.

Investment income​

Dividends, interest, rent, or royalties derived and brought to Nigeria in convertible currency through government approved channels and paid into a local account in an approved bank is exempt from Nigerian tax.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.