Africa & Indian Ocean · West Africa
Nigeria
A wealth-source market, not a wealth-destination market — our clients' exposure here should be outbound. Nigeria offers no permanent residence, a rank-90 passport, and from January 2026 a tax code that abolished the capital/income distinction entirely.
Tax position
- Income tax (top)
- 25% above NGN 50m (roughly USD 33k — every UHNW client is at the top rate from day one)
- Capital gains
- The separate capital/income distinction was abolished from 1 January 2026. Individuals' gains are added to income and taxed at progressive rates up to 25% — a 2.5x increase on the old 10% flat CGT. Indirect offshore transfers are now taxable.
- Wealth tax
- none
- Inheritance tax
- none — with a market-value cost-base reset at death
- Special regime
- none — and the residency net widened in 2026 to include anyone with 'substantial economic ties or immediate family ties in Nigeria', regardless of day count
- Territorial
- No — worldwide income taxed
- CFC rules
- Yes
- Exit tax
- No
- CRS
- Participating
Is Nigeria actually right for your family?
We will tell you if it is not. That is the whole service.