10%, except for special funds that may have a lower interest rate.
Yes, however, our Business Development Advisors can help advise you on what steps to take.
Start by calling us on 01-2715215 or come and visit us at BOI House, 23, Marina, Lagos.
Registered companies that provide the documents listed in BOI checklist.
Typically up to six years but this depend on the expected cash flow of the business.
Yes, to cover the setting up period
A will is a legal expression or declaration of a persons mind or wishes as to the disposition of his/her properties.
It is a legal entity created by a grantor for the benefit of designated beneficiaries under the law and a valid Trust instrument.
A living Will is an agreement where the trustee holds the legal possession of a fund or assets that belong to another person, the beneficiary, and it is created while the person is alive.
The assets can’t be transferred in the Will, and instead pass under the terms of the deceased person’s customary law.
Property transfer into a Living Will death does not go through probate
You can have both a Living Will and a Will together. The Living Will takes effect during the life time of the settlor while a Will take effect on the demise of the testator.
A living trust generally supersedes a will, but a will generally supersedes a testamentary trust.
This depends on the location and the nature of the Trust assets. There is no model jurisdiction. You can prepare your Will anywhere and appoint Trustees from any part of the world.
A living Trust is not made a public document unlike a Will that becomes a matter of public record when it is submitted to a probate court as do all other documents associated with probate. The terms of a living trust, however, need not be made public
A living trust is an ideal estate planning instrument for the management of the assets of the Settlor during and after his lifetime.
There are generally 2 different parties named in a Living Trust document.
• Settlor (Grantor, Settler, Donor) – the individual or couple that establishes the Trust.
• Trustee – whose duty is to carry out the directives stated in the Trust Deed and responsible for managing the property that is titled in the name of the Trust.
An Estate consists of all the property, a person owns or controls which may be on his or her sole name. The Estate can be transferred to Trustees to manage.